Mounting evidence suggests that losses from the Bounce Back Loan Scheme (BBLS) could have been drastically reduced if Open Banking tools had been used from the outset to verify applicant information. According to government estimates, fraud and error account for about 6.8 percent of BBLS loans—funds that might have been better protected by real-ti...
24 February 2025 /ai /crime Open Banking
The latest data from Bank of England projects a contraction of 14% of GDP on an annual basis with an astounding 25% contraction in Q2 alone. This could result in a loss of 15-20% - or up to a million - Small and Medium Enterprises. Needless to say, these are unprecedented and troubling figures. The graph below is unique as it is based on open bank...
14 May 2020 /payments /covid-19 Banking Strategy, Digital and Transformation
The emergence of Covid-19 in Wuhan, China last December began a prolonged assault on the most important areas of our lives – our health and our financial wellbeing. Both are intrinsically linked, as we appreciate all too well these days having to endure social isolation as we start to make plans for the transition and recovery periods. Health serv...
07 May 2020 /regulation /covid-19 Digital Banking Trends
Julia StreetsCEO and Founder at Streets Consulting Ltd
Felicia Meyerowitz SinghCEO and Founder at Akoni
Richard DupreeCEO and Founder at Riskliance
Eric SolisCEO and Founder at MovoCash
Shilpa VoraCEO and Founder at Predictorama
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