Business lender iwoca, has announced an Open Banking partnership which Lloyds Bank. The company becomes the first ever business lender to connect with any of the UK’s nine largest banks under the Open Banking initiative, launched in January 2018. By securely linking their Lloyds Bank data, business owners can now provide iwoca up to five…

Equifax has announced a partnership with consents.online which will integrate Equifax Bank Account Verifier into the Open Banking journey. The new solution means identity information such as the consumer’s name, address and date of birth, can for the first time be matched with transaction data provided through Open Banking in real time. This will help reduce fraud, allowing…

Affordability specialist Bean has announced that is set to be acquired by BGL Group (subject to regulatory approval).BGL Group is a leading digital distributor of insurance and household financial services, and owner of brands including comparethemarket.com and life insurance provider Beagle Street. Bean is owned Saverd, the company behind personal the finance app.  Bean’s digital personal finance…

A national competition that challenges firms to deliver digital services aimed at helping those struggling with their money has been launched. Nationwide Building Society’s Open Banking for Good challenge (OB4G) will see fintech organisations and academics work together to develop Open Banking apps and services that make a real difference to people’s lives, particularly those…

LendIt Fintech, the world conference series dedicated to lending and financial services innovation, has released its comprehensive industry white paper on Open banking. LendIt Fintech conducted this study to provide an in-depth look into how far the Open Banking trend has progressed, and how great an impact it will have on the financial competitive landscape.…

The Open Banking Expo has confirmed a full complement of speakers for its one-day conference and exhibition, with more than 35 thought leaders, three streams and 15+ hours of original content. The event, headlined by OpenWrks, takes place on 27 November at America Square Conference Centre, London and promises to be the UK’s largest marketplace for…

Challenger credit bureau Credit Kudos has announced that it has created an Open Banking technology partnership with software development business Paylink Solutions. Using Open Banking, Paylink Solutions has a more efficient and secure process in place for individuals to provide financial information, rather than having to manually input these details and upload documents. Susan Rann,…

More than a quarter of UK consumers would be happy for service providers to share their personal data with other suppliers or third parties, according to new research. The findings were reported in a study completed by outsourced customer contact specialist Echo Managed Services. The company surveyed 1,000 UK residents on their knowledge and attitudes to debt and asked…

Latest Bank of England consumer lending figures have been revealed which show that household borrowing growth moderated slightly in August. Annual consumer credit growth slowed to 8.1%, while secured lending growth ticked down to 3.1%. The number of approvals for remortgaging, which has been volatile in recent months, increased to 53,125 in August. Net finance…

A new report commissioned by ACCA (the Association of Chartered Certified Accountants), CA ANZ (Chartered Accountants Australia and New Zealand) and KPMG has explored the significant opportunities automation presents for the finance function after results found many CFOs are still uncertain how implementing robotics solutions can be applied to benefit their finance functions. Robotic Process Automation…