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Peer2Peer Finance News | April 25, 2019

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Open Banking

Nationwide selects winners of Open Banking for Good challenge

April 24, 2019 |

NATIONWIDE has selected seven fintechs to take part in its Open Banking for Good challenge, to develop apps for financially vulnerable people.

Openwrks, Ducit.ai, Trezeo, Flow, Toucan, Squad and Tully were chosen from more than 50 applicants, Nationwide said.

The … Read More

Platforms call for time extension to Open Banking consents

April 10, 2019 |

PEER-TO-PEER lenders are calling for a change to Open Banking rules to make it easier to access borrowers’ financial data for the duration of a loan term.

Under the current framework of the data-sharing initiative, borrowers can grant alternative lenders … Read More

UK first for Open Banking as debt management firm automates reviews

April 9, 2019 |

OPEN Banking technology has been incorporated by a debt management company to automate annual reviews for the first time in the UK.

Gregory Pennington, one of the UK’s longest established debt management companies, has integrated an Open Banking solution provided … Read More

SME finance platform Swoop sees users embrace Open Banking

January 29, 2019 |

SME finance platform Swoop has integrated with Open Banking for the first time, giving its small business customers the ability to compare and switch current accounts and make cost savings on everyday spending.

The Swoop platform, a re-brand of BizFly, … Read More

The future of data

January 22, 2019 |

One year on from the launch of Open Banking, Danielle Levy investigates the impact of the data-sharing initiative on the peer-to-peer lending industry…

OPEN BANKING  launched to great fanfare in January 2018, promising to boost innovation in financial services and … Read More

Open Banking start-ups join Accenture’s fintech innovation lab

January 17, 2019 |

OPEN Banking third-party provider OpenWrks is among the 20 start-ups chosen to join Accenture’s 2019 Fintech Innovation Lab.

The fintech provides Open Banking tools and services to help businesses capitalise on the opportunities presented by the data-sharing initiative.

Two other … Read More

Open Banking set for 2019 surge

January 10, 2019 |

OPEN Banking will see a surge in popularity in the year ahead, according to expert predictions.

Ahead of the one-year anniversary of Open Banking on 13 January, consumer credit agency Equifax has predicted that 2019 will be “a successful year” … Read More

Competitive advantage

December 14, 2018 |

Peer-to-peer lenders’ innovative use of technology is what first set them apart from the banks. But as the industry matures, what are they doing to maintain their competitive edge? Danielle Levy investigates…

MORE THAN 13 YEARS have passed since the … Read More

RateSetter dips toe into Open Banking

December 13, 2018 |

RATESETTER is trialling several partners to help it tap into the opportunities presented by Open Banking.

Michael Hoare (pictured), head of credit at the ‘big three’ peer-to-peer lender, said that the platform is working with “a couple of different” parties, … Read More

Funding Circle among winners of Open Banking competition

December 6, 2018 |

FUNDING Circle has been named as one of the winners of the Open Up Challenge, a prize fund for fintechs that have used Open Banking to tackle problems faced by small businesses.

The competition is run by global innovation foundation … Read More