Latest Open banking News: Finextra Research

Nationwide delays business banking account launch

Nationwide Building Society has put back the launch of its business account to later in the year as it continues testing of its mobile app and builds an Open Banking-powered switching tool.

03 March 2020

News/Open banking

Quality over quantity: A vital motto for Open Banking expansion

Notching up eye-watering numbers of APIs is not a valuable metric for success. A creeping, deep-rooted growth strategy is vital for successful expansion in Open Banking says Rune Mai, CEO and co-founder of Nordic API Gateway.

26 February 2020

Research/Open banking

Payments, 2020 and Beyond: How Today's Trends Drive Tomorrow's Strategies

26 February 2020 1190 downloads

News/sustainable

How to apply lessons learned from Open Banking to Sustainable Finance

While Open Banking initiatives are being drip fed by regulators across the world, it is evident that this shift must not be considered merely a regulatory change: it is a global movement that will shape the future of the financial services industry.

24 February 2020

News/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

21 February 2020

News/regulation

FCA flags regulatory gaps and IT outages as key areas of focus

In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.

19 February 2020

Research/Open banking

The Future of Cloud: Powering the Financial Services Industry

19 February 2020 1001 downloads

News/inclusion

JP Morgan acts as a Catalyst for financial inclusion

Finextra interviews Boston-based accelerator Catalyst Fund about JPMorgan's recent investment in its goal to boost financial inclusion across emerging markets.

17 February 2020

News/Open banking

JPMorgan Chase gives fintechs data access deal deadline

JPMorgan Chase has sent fintechs a letter warning that they will be cut off from retrieving customer information unless they sign up to a new data access agreement, according to Reuters.

14 February 2020

Company update/Open banking

Nium opens innovation lab for fintech entrepreneurs

NIUM, one of world’s largest Global Financial Infrastructure Platform provider today announced the launch of “BOLT”, its unique platform to boost innovation in the global Fintech space, and help entrepreneurs speed their products / services to market.

12 February 2020

News/Open banking

Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger's app.

11 February 2020

News/startups

How analytics can help expand market share and generate revenue

Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.

31 January 2020

News/Open banking

Standard Chartered enters partnership with Bahrain Fintech Bay

Standard Chartered has formed an alliance with Bahrain Fintech Bay to keep tabs on innovative startups operating in the Greater Middle East.

27 January 2020

News/regulation

Regulators are focusing on data privacy and identity: What should banks do next?

California’s pioneering Consumer Protection and Privacy Act (CCPA), the first comprehensive consumer privacy law passed in the United States, went into force on January 1, 2020 but some of the law’s implications are already emerging.

23 January 2020

News/startups

How to build defences to accelerate innovation and generate revenue

The total value of global fintech deals in the first six months of 2019 was $22 billion. While this figure may seem staggering, when compared to $31.2 billion in the same period the year before, this is a steep decline of 29%.

14 January 2020

News/Open banking

Charity uses open banking to speed up debt advice

A Scottish money advice charity is piloting the use of open banking technology from Experian to quickly gather a picture of its users' financial positions.

14 January 2020

News/Open banking

Open Banking year two: Insights from the CMA9

The financial services industry was forced to endure a steep learning curve with the launch of Open Banking in 2018, but what followed the one-year anniversary of the UK’s experiment? Here’s a review of Open Banking’s second year. What worked? What didn’t? And what’s next?

13 January 2020