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Open Banking could realise £18 billion in value for British people and small businesses over the course of a year, claims an independent report, but only if the industry, government and regulators act to ensure the project realises its potential.
26 June 2019
Open, an Indian neo-banking startup targeting SMEs, is set to launch a "programmable" bank account after raising $30 million in a Series B funding round led by Tiger Global Management.
25 June 2019
ABN Amro is getting to grips with PSD2, enabling customers to access their current accounts with other providers through its app.
24 June 2019
The UK's financial services industry is facing an "existential skills crisis", says a Government-sponsored report, with graduate recruitment on the wane and existing staff unable to keep pace with dizzying levels of technological change.
21 June 2019
Facebook's new digital currency, Libra, could "substantially improve financial inclusion and dramatically lower the costs of domestic and cross border payments," Bank of England governor Mark Carney has said in a speech during which he also revealed the central bank could open up access to its balance sheet to new payment providers.
Starling customers can now apply directly from within the challenger bank's app for home insurance from Churchill Insurance.
20 June 2019
National Australia Bank (NAB) is to commit AUS$2bn ($1.38bn) to support Australia's technology sector.
Are Instant Payments and Open Banking a match made in heaven? The resounding answer was yes at an EBAday 2019 session on the current status of real-time payments and open banking initiatives in Europe.
18 June 2019
Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.
Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.
Lloyds Banking Group has stepped up its Open Banking game, enabling customers to see within it app their savings and credit card accounts from other providers.
17 June 2019
Synapse, a San Francisco-based startup aiming to become the 'AWS of banking', has raised $33 million in a Series B funding round led by Andreesson Horowitz fund a16z.
10 June 2019
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