Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
By Nick Raper, Director at Nuapay UK Open Banking is a buzzword used almost as often as ‘challenger banks’ or ‘bitcoin’. And much like the rise of cryptocurrencies, few consumers truly understand the...
Neobanks are what Slack is for physical offices Keeping the idea of digitisation and financial inclusiveness at the core, the traditional banks have moved from brick and mortar to adapting the digital...
Find out the trends that will mould digital banking and how they will impact its future—the rise of FinTech and their association with FinTech. Until 2020, digital banking for banks was confined to ha...
Discussions around mental health and wellbeing have been thrust into the spotlight lately, and with good reason when you consider the impact of repeated lockdowns and the economic chaos introduced by ...
While Open Banking use cases have been somewhat lacklustre so far, we could be about to see a shakeup in terms of how banks and utility providers unite for the benefit of the customer. Just this year ...
The launch of open banking in 2018 promised to forge a new way for financial services. It was a bold statement of intent, and the reality is that it was never going to be possible to get people excite...
As Open Banking (OB) in the UK prepares to accelerate, have the fears around security and fraud risks gone away? When OB launched to great fanfare in 2017, there were concerns from banks about the se...
Open banking is becoming more widespread. The UK’s OBIE (Open Banking Implementation Entity) reported that the number of open banking users doubled from January to September 2020. With the EU looking...
Thanks to Open Banking, embedded banking and banks positioning their apps as super-apps, the financial sector becomes more and more an ecosystem of parties collaborating together to execute upon a cus...
Whatever side you were on in the Brexit debate, it’s hard to imagine any merchant welcoming reports of the card schemes quintupling fees for cross-border payments between the UK and EU. No longer cons...
One of the biggest challenges when purchasing insurance is the complex nature of the product. Many customers are put off by the sheer volume of data they must enter, only to receive lengthy policy doc...
Open Banking now has three million active users in the UK as of January 2021 according to the Open Banking Implementation Entity. However, since PDS2 came into force, the big transformation that was ...