Tagged: open banking

June 8, 2026 @ 8:17 am By Omar Faridi  |  

GoCardless has played a key role in rolling out a new industry-driven initiative aimed at advancing open banking technology. Announced recently this month, this effort introduces Recurring Pay by Bank, a solution that promises more efficient, flexible, and affordable ways to handle repeated payments directly… Read More

June 2, 2026 @ 11:26 am By JD Alois  |  

The UK Payments Initiative (UKPI) has announced the launch of “the next generation of open banking payments. The UKPI garnered a long list of both traditional finance firms and Fintechs. UKPI said that open banking payments in the UK had grown to more than 37 million… Read More

May 29, 2026 @ 8:02 am By Omar Faridi  |  

Fintech Plaid has noted that financial institutions in the UK and broader European markets are grappling with outdated credit assessment tools that fail to reflect modern earning patterns. With the rise of gig economy work, freelance opportunities, and diverse income sources, many creditworthy individuals struggle… Read More

May 13, 2026 @ 2:20 am By Omar Faridi  |  

A UK-based nonprofit social lender has partnered with NatWest Group’s Open Banking payments specialist to deliver a more adaptable approach to loan repayments. East Lancashire Moneyline, which focuses on serving people shut out of conventional credit markets, is now using Variable Recurring Payments (VRP) through… Read More

April 21, 2026 @ 12:01 pm By JD Alois  |  

Today, HM Treasury introduced new measures to improve the payments sector and boost the ecosystem’s competitiveness. The policy incorporates items such as stablecoins, tokenized deposits, and more. HM Treasury highlights the fact that over 3000 Fintech firms operate in the UK, with the sector attracting… Read More

March 15, 2026 @ 1:17 pm By Omar Faridi  |  

Truist Financial Corporation has partnered with Plaid to broaden its open banking platform. Recently this month, the organizations unveiled a connectivity arrangement that will enable Truist account holders to securely link and share their banking information with authorized third-party services through Plaid’s established infrastructure. This… Read More

February 23, 2026 @ 12:30 am By Omar Faridi  |  

In a move set to reshape online checkout experiences, eBay has teamed up with TrueLayer, a European provider of pay-by-bank solutions, to introduce direct bank payments for its UK customers. Announced on 19 February 2026, the collaboration makes pay-by-bank functionality available at eBay’s checkout, allowing… Read More

January 28, 2026 @ 12:42 pm By Tony Zerucha  |  

GFT and Ozone API are partnering to launch North American institutions into the open banking arena, a market expected to top $48 billion in 2026. Due to Budget 2025’s acceleration of the Consumer Driven-Banking Act, the future of open banking in Canada is actively unfolding…. Read More

January 24, 2026 @ 2:27 pm By Omar Faridi  |  

Plaid continues to focus on product development and business expansion efforts with significant developments in Europe and enhanced security measures. As a provider of data connectivity for fintech applications, the company has recently highlighted its growth in open banking across the continent while introducing a… Read More

January 12, 2026 @ 4:38 am By Omar Faridi  |  

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This development aims to expand the capabilities of Open Banking, potentially fostering innovation and efficiency… Read More

January 5, 2026 @ 8:54 am By JD Alois  |  

Payments firm Flutterwave has acquired Mono in a move to boost its open banking infrastructure. The terms of the deal were not revealed. In a public statement, Flutterwave said the purchase improves its ability to build a “connected, interoperable financial system for Africa.” Flutterwave is… Read More

December 29, 2025 @ 5:28 am By Omar Faridi  |  

Smart Data Group (SDG) has recently appointed Dr. Ruth Wandhöfer as independent  Mobilisation Lead as the industry focuses on efforts to unlock the next phase of Open Banking and build the foundations for a more scalable, secure and resilient smart data economy in the United… Read More

December 27, 2025 @ 5:27 pm By Omar Faridi  |  

Fintech Plaid has noted in a blog post that credit underwriting has long relied on credit bureau data, which provides many years of structured, standardized information on loans, repayments, and delinquencies. However, Plaid also mentioned that these files have certain “blind spots, saying little about… Read More

December 18, 2025 @ 7:55 am By Omar Faridi  |  

Octopus Energy customers are now able to get their account credit back faster because of a new tie-up with fintech company GoCardless. Octopus has completed one of the Direct Debit migrations in the UK, “moving 5.5 million accounts and £12 billion of payments to GoCardless… Read More

December 16, 2025 @ 10:34 am By JD Alois  |  

TrueLayer, a European payments network that offers Pay by Bank payments, is reporting that its Chief Operating Officer, Rob Kerrigan, will be joining the newly formed UK Payments Initiative (UKPI). TrueLayer joins 30 other firms in the payments sector, including all major UK retail banks…. Read More

December 16, 2025 @ 10:09 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has posted an update on Open Banking. Unlike in the US, the UK has outlined prescribed requirements for financial services firms to allow customers to control their data, specifying who may access it, while providing streamlined processes for changing… Read More

December 10, 2025 @ 12:57 am By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking, recently announced a channel partnership with Plaid, a data network that serves as the analytics layer for financial services. This collab will reportedly aim to deliver faster, and frictionless Pay by Bank experiences for businesses and… Read More

December 4, 2025 @ 8:01 am By Omar Faridi  |  

MRI Software, a global enabler of real estate solutions and services, has partnered with bank payment company GoCardless in order to launch MRI Payment Connector in the UK residential property market. The integration will enable property professionals and finance teams “to offer flexible payment options… Read More

December 1, 2025 @ 2:25 am By Omar Faridi  |  

WilSon Energy, a provider of integrated heating and billing solutions for UK Heat Networks and District Heating schemes, has selected the bank payment company GoCardless to collect customer bills automatically. The move will help WilSon Energy achieve cost savings and simplify how customers pay down… Read More

November 18, 2025 @ 10:42 am By Omar Faridi  |  

JPMorgan Chase (NYSE:JPM) has reportedly finalized agreements that will make sure it will get paid by the fintechs that are responsible for almost all the data requests issued by third-party applications being connected to customer banking accounts. This, according to an update from CNBC. JPMorgan… Read More