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Peer2Peer Finance News | June 22, 2018

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Open Banking

Funding Circle one of 12 finalists in UK fintech challenge

June 21, 2018 |

FUNDING Circle has been named one of 12 finalists in a nationwide fintech competition targeting small business banking.

Run by Nesta, the UK’s innovation foundation, the finalists will participate in the last phase of the Open Up Challenge – a … Read More

Leading the way

June 8, 2018 |

Imran Gulamhuseinwala, global head of fintech at EY and implementation trustee of Open Banking, tells Peer2Peer Finance News why the new data-sharing rules are set to change the face of financial services…

SINCE its fifteen minutes of fame back around … Read More

Bud launches Open Banking API

June 5, 2018 |

ACCOUNT aggregation app Bud has entered the Open Banking space with an application programming interface (API) that will eventually be open to all types of lenders such as peer-to-peer platforms.

The Bud Exchange, or Bud.X, will give firms access to … Read More

Open Banking toolkit launches

April 25, 2018 |

AN OPEN Banking toolkit has been launched to help financial institutions keep pace with the evolving regulatory environment.

FinKit has been released by fintech services provider Fiserv and aims to help banks with both the compliance and opportunities of Open … Read More

Security concerns remain major stumbling block for Open Banking

April 16, 2018 |

CONSUMER concerns over digital security are a major stumbling block for Open Banking, according to new research.

A survey by banking software provider Crealogix Group showed that 46 per cent of consumers are concerned about the security implications of Open … Read More

Open Banking firm joins UK trade mission to NY Fintech Week

April 13, 2018 |

UK OPEN Banking specialist The ID Co. is joining the government’s trade mission to New York Fintech Week, ahead of its US expansion.

The Edinburgh-based firm was selected by the Department for International Trade (DIT) to join the mission, which … Read More

Millennials snubbing cards for digital currency

April 11, 2018 |

MILLENNIALS are rejecting credit and debit cards for wearables and mobile phone wallets, research claims

A poll by banking software provider Crealogix Group, found 44 per cent of under-35s have never used a credit card while 11 per cent said … Read More

Open Banking: What you need to know

March 26, 2018 |

Myles Stephenson, chief executive at business payment solutions provider Modulr, delves into the fine print of Open Banking regulations 

It is two months since the revised Payment Services Directive (PSD2) was drafted into national law in some EU member states.

One … Read More

Open Banking prompts UK fintechs to reassess collaboration partners

March 22, 2018 |

UK FINTECH firms are embracing Open Banking and are reconsidering who they collaborate with as a result, new research claims.

A report from accountancy firm EY, released on Thursday, found that 59 per cent of UK fintech firms see Open Banking … Read More

Open Banking has “returned power to consumers”

March 14, 2018 |

ONLY half of consumers have switched banks despite many more experiencing problems with their current provider, but Open Banking is predicted to change that.

Research by mobile banking software firm Crealogix UK, released on Wednesday, found 82 per cent of … Read More