IT development news

28/07/2022

eConveyancer launches panel management partnership with Wesleyan Financial Services

eConveyancer has launched a new panel management partnership with Wesleyan Financial Services. The agreement gives Wesleyan advisers access to eConveyancer’s panel of more than 70 audited and benchmarked conveyancing firms through its feature-rich platform. Features available with eConveyancer include DigitalMove, which brings together key stakeholders in the homebuying and selling process with a quick and easy digital […]

28/07/2022

TrueLayer supports instant payments for ecommerce SMBs with WooCommerce plugin

TrueLayer, Europe’s leading open banking platform, today announced the availability of TrueLayer Payments for WooCommerce plugin, enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website. Luxury watch retailer BQ Watches is one of the first businesses to implement payments powered by TrueLayer using the plugin. YouGov research revealed that 74% of […]

26/07/2022

New payment methods pose £1.5bn cost savings opportunity for UK businesses

Plaid, an open banking network and payments platform powering digital finance, has found that UK businesses could save over £1.5bn annually in payment processing fees with the help of a new form of open banking payments, Variable Recurring Payments (VRP). As part of its efforts to help firms realise the benefits, Plaid has launched its […]

26/07/2022

GoCardless launches VRP offering, announces customer Pillar

GoCardless, a global leader in direct bank payment solutions, has launched its Variable Recurring Payments offering, enabling developers and financial service providers to prepare for VRPs as the CMA deadline for ‘sweeping’ approaches. This means GoCardless’ ‘Instant Bank Pay’ feature will now support one-off and recurring transactions through open banking. Developer docs are live and […]

25/07/2022

CRIF expands open banking-powered consumer credit scoring to the UK

Europe’s leading provider of credit information, CRIF, has expanded its open banking-powered consumer credit solution to the UK, helping more people access affordable, responsible credit during the current economic climate. CRIF’s credit scoring solution, which is now available to UK banks and lenders, utilises open banking technology to securely connect to a consumer’s current account […]

12/07/2022

New financial crime solution from ActiveOps set to reduce risk for banks

ActiveOps PLC., the management process automation company, has introduced a new solution to support the workforce management needs of financial crime operations. The new solution is designed for banks and other financial institutions to help them handle case-based work faster, keep themselves and their customers safe and ensure compliance with the strict regulations that govern […]

01/07/2022

GoCardless to offer free access to open banking data

GoCardless, the global leader in direct bank payments, has announced it plans to acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world’s bank payment network. GoCardless will incorporate Nordigen’s next-generation open banking connectivity — offering the widest coverage in Europe, connecting to more than 2,300 banks […]

28/06/2022

UK digital bank, Kroo, announces receipt of full UK banking licence

UK Digital Bank Kroo is delighted to announce they have been granted their full banking licence by the Bank of England. Kroo is only one of 2 banks to have been granted a banking licence with a personal current account since August 2016. Kroo launched its prepaid offering using state-of-the-art tech to ensure a fully […]

21/06/2022

Financial firms are investing more in tech to manage increasingly complex regulatory landscape

Almost half of firms (44%) are planning to invest more in regtech solutions in the next 12 months to cope with the growing pressure on the compliance function in this fast moving and increasingly complicated regulatory and operational landscape. A further 41% expect to invest the same amount as the previous 12 months. This investment […]

16/06/2022

Rayon raises $2m pre-seed to provide next generation collaborative space design software

Rayon, the space design software makers, today announce the successful completion of a $2m pre-seed round, which will be used to grow the Rayon team, refine its product and launch its offering in October of this year. The round was led by Seedcamp, alongside Foundamental, 20VC, and Kima. They are also joined by a cohort of business angels including, Ralph […]

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