Tag: Open Banking

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.

Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.

Nearly half (43%) of large financial institutions have adopted open banking, according to a report from identity management company Curity.

One in four UK merchants predict open banking to become the most popular payment method by customers in the next five years, according to a report from Nuapay.

Open banking payments platform Token.io has scored $40m in its Series C funding round, as it looks to boost the shift to open banking.

FinTech platform Ayden has partnered with open banking company Tink to bolster the offering of open banking-powered payments.

Volume, which stylises itself as the transparent checkout startup, has scored $2.4m in its oversubscribed pre-seed funding round.

The Competition and Markets Authority (CMA) has published its recommendations for the future oversight and governance of the open banking sector in the UK.

Electronic Money Institution ConnectPay has linked with Salt Edge, a provider of banking banking solutions, to boost its open banking offering.