Let’s forget, if we can, the nonsense and instability surrounding the UK and its politics. Looking at FinTech as a separate village industry, the UK’s sector offers shelter, harmony and peace. More or less, anyway. Our friends at Altfi report: The UK has taken the top spot in a league table ranking open banking adoption […]
It’s an open market, but it’s not a free-for-all. News reaches us of the rising tide of participants in the open banking market. Our friends at Altfi report: Less than four months after reaching a milestone of 5 million open banking users, the UK has hit a new record of 6 million users. The industry has clearly […]
Like all the best problems, a simple answer demands complex thinking. Open Banking, with its opening up of data paths, seems such a good idea. The difficulty is how to stop it becoming a free-for-all. The Fintech Times reports on some of the early successes and failures as the mainstream and alternative-finance players seek to […]
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 is the great hope for the future of a modern financial-services sector. But open banking does not mean “open goal” – it’s an opportunity that has to be taken the right way. Two of the UK’s largest banks Lloyds and Barclays have been notified of failures in complying with open banking rules by the UK’s […]
The digital revolution and the opening up of the baking market to “challenger” banks is one of the major financial trends. But it can be overdone – as a cautionary tale from the US, reported by our friends at Altfi, illustrates. The business of handling open banking data can be a messy one, as demonstrated […]
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 is one of the hot topics in the FinTech sector. We’ve run several pieces on the topic, and opine regularly on it to trade publications. Today sees our friends at The Fintech Times showcase some open banking research from Tenemos: Temenos has released a new white paper to discuss the evolution and future of […]
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 […]
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 […]