Tag Archives: open banking

Open Banking’s Next Step – Plus Loan Auction Latest

It’s rare that a genuinely original idea comes along. And the essence of originality is often simplicity. We like the look of this simple, logical extension of the open-banking principle. We’ll be watching this one carefully. As reported by our friends at Altfi. Challenger bank Shawbrook has come up with a unique proposition to encourage its customers […]

Open Banking Opens Up – Plus Loan Latest

The UK’s leading financial regulator the Financial Conduct Authority (FCA) has introduced a liberal measure that many in the industry see as a major stimulus for the growth of open banking. This will see further convergence between the alternative-finance sector and the mainstream. Our friends at Altfi report: [The FCA] is looking to scrap a key […]

Open Banking Rings Altfi Changes – Plus Loan Latest

Digital banks, challenger banks (not quite the same thing) and the open banking initiative are individually and collectively ringing changes in the alternative-finance sector. Our friends at Altfi report the latest: UK Open Banking is undergoing its biggest shakeup in years. The body established by the CMA’s Retail Banking Market Investigation Order in 2017 to deliver open […]

Open Banking In UK Gets ‘Hurry Up’ Call

The UK’s progress in developing open banking comes in for some implicit criticism in this piece by our friends at Altfi, who look abroad for comparisons. Action is required to avoid the UK falling behind other open banking regimes like Australia and South Korea, according to policy group Coadec. The UK’s open banking industry, which […]

Open Banking Widens Horizons Yet Further

We have asked in these News pages whether the open door to open banking might lead to an empty room. The room is definitely not empty, as the queue to get in lengthens steadily. Our friends at AltFi report the latest: Trade Ledger, an open banking fintech helping banks and alternative lenders make credit decisions, has […]

Getting To Know You – Banking App Opens Up New Possibilities

The liberalisation of the financial-services sector continues apace. Will this latest innovation later be decried as a loophole? The protocol of Know Your Client is being tested for elasticity, if not strength and durability here. Our friends at Finextra report: UK challenger banking app Dozens has enlisted Open Banking outfit Bud to let prospective customers […]