Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

CFIT advances open finance pilots for consumers and SMEs

The UK Centre for Finance, Innovation and Technology (CFIT) is to build two working prototypes of open finance applications for providing financial advice to vulnerable consumers and to speed up credit assessments for SME loan applications.

17 April 2024

News/retail

Innovate Finance sets out Open Finance roadmap

Building on open banking to enable wider data sharing across financial services products including savings, mortgages and insurance, could unlock an extra £30.5 billion GDP a year for the UK, says a paper from Innovate Finance and KPMG.

15 April 2024

News/regulation

UK government announces open finance task force

Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.

15 April 2024

News/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

02 April 2024

News/startups

BuildMyCreditScore users see credit scores surge in months

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

21 March 2024

News/payments

Railsr proposes merger with Equals Group

Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.

20 March 2024

News/payments

GoCardless to buy Nuapay from EML Payments

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.

15 March 2024

News/startups

EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.

15 March 2024

News/crime

MPE 2024: AI-driven misinformation and consumer education in fraud

In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.

15 March 2024

News/payments

MPE 2024: What does a smart city look like?

In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.

13 March 2024

News/payments

Mastercard launches open banking-powered subscription management tool

Mastercard has launched an open banking-powered subscriptions management tool that banks can plug into their apps.

13 March 2024

News/payments

MPE 2024: How are merchants implementing AI in payments?

At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.

12 March 2024

News/payments

MPE 2024: What’s new for merchant payments and the role of digital wallets?

At the annual Merchant Payments Ecosystem conference in Berlin, businesses and leaders in payments come together to exchange ideas, perspectives, and visions in the merchant payments industry.

12 March 2024

News/regulation

Open finance could boost UK GDP by £30.5 billion says CFIT CEO

The Centre for Finance, Innovation and Technology (CFIT) has published its report on the benefits of open finance in line with the Kalifa Review.

29 February 2024

News/payments

Mastercard offers issuers open banking-based account opening

Mastercard has launched a programme that uses open banking to streamline the account opening process for some US debit and prepaid products.

28 February 2024

News/sustainable

Digitisation is a priority for ESG initiatives – Paymentology

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

23 February 2024

News/payments

And the winner is...open banking payments

Ecospend is looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

21 February 2024

News/payments

Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

16 February 2024

News/payments

Moneyhub boards public sector open banking push

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

12 February 2024

News/payments

Natwest becomes first bank accepted into UK Open Banking DPS

NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.

09 February 2024

Open banking