Tag: Open Banking

Recent research conducted by Coadec has cautioned that the open banking industry is at a ‘vital crossroads’.

A new report has claimed that the UK could lose its position as the global leader in open banking unless drastic action is taken.

FinTech Galaxy, the first central bank-regulated open finance platform in the Middle East, has acquired Egypt-based open banking platform Underlie.

UK retail bank Secure Trust Bank has teamed with Mastercard to offer customers more choice and convenience through open banking to repay retail finance.

Boodil, a Manchester-based provider of an open banking payments and consumer engagement app, has scored £525k in a pre-seed raise.

Open banking-powered lender Koyo has reportedly raised ?100m in debt and ?5m in its Series A round.

Currensea, an open banking-powered FinTech, has secured £2.4m from a recent investment round.

FinTech unicorn Pleo, which offers a smart business spending solution, has partnered with open banking platform Yapily to enable simplified payments experiences for UK users.

The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) has established a strategic working group via its Joint Regulatory Oversight Committee.

Over a quarter (28%) of self-employed workers in the UK struggle to access the financial services they require, according to research from open banking platform Tink.