Tag Archives: open banking

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 […]

Open Banking Heads Toward SME Funding – Plus Loan Latest

Open banking was initially focused primarily on individual consumers. Now, as the still-young sector begins to mature, some  operators are moving towards the small-business market. As lending platforms, we are doing our best to cater for the gaps left by mainstream banks – but there is still unmet demand. Our friends at AltFi take up […]

Banking Side Of Alternative Finance Universe Expands – Plus Loan Latest

While the asset side of the alternative finance market – both equity and debt – still has a way to go before it’s fully accepted, alternative banking is going well. Our friends at AltFi report: German digital bank N26 is currently leading the European challengers in the US digital banking landgrab, taking nearly 50,000 downloads for the […]