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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
Half of all financial services organisations prefer managing web scraping practices internally, compared to just 11% that prefer to outsource the process completely, according to key findings from the new Oxylabs white paper, Alternative Data Unlocks Key Decisions in the UK & US Finance Industries. The survey found that completely outsourcing data collection is the least popular method while […]
