New research from the Emerging Payments Association has revealed that ‘realtime’ payments are growing rapidly in the UK, signifying potential for business payments for banks and fintechs. The Impact of Realtime on Payments and Data, which details how consumer expectations have drastically changed over a short period of time – and consumers no longer accept…

Halifax has announced that its customers can now benefit from a service feature to protect themselves from gambling-related harm. The gambling card freeze, which is a feature of the banks’ mobile app, was developed in recognition of the ways in which the bank can support customers to manage their money and gamble responsibly. Halifax is…

Online mortgage broker, Mojo Mortgages, has announced that it has partnered with Credit Kudos to launch of MortgageScore™, a market-first service for thousands of first time buyers who want to get on the property ladder. MortgageScore™, powered by open banking data from credit bureau Credit Kudos, will bring transparency and openness to a secret market.…

International technology-led services and payments specialist,  Equiniti has announced that it has opened EQ Tek, a new R&D facility for its client-facing applications. Headquartered in Krakow, Poland, EQ Tek will create an additional 150 roles for high-calibre developers as well as systems and UX experts within Equiniti. The team will be developing best-in-class applications and…

Almost two-thirds (64%) of CFOs expect that within the next five years the financial world will no longer be able to operate without big data, however, 13% of CFOs think this is already the case. Currently, financial directors are mainly using big data to make well-informed decisions (54%), to make predictive analyses (41%) and to…

The Treasury Committee has published a unanimously-agreed report on IT Failures in the Financial Services Sector. The report was agreed when Catherine McKinnell MP was Interim Chair. Rt Hon. Mel Stride MP has since been elected as the Chair of the Treasury Committee. Steve Baker MP has been the Committee’s lead member for this inquiry…

Machine Learning (ML) is increasingly being used in UK financial services, according to findings of a joint survey conducted by the Bank of England (BoE) and the Financial Conduct Authority (FCA). The survey, conducted in 2019, was sent to almost 300 firms, including banks, credit brokers, e-money institutions, financial market infrastructure firms, investment managers, insurers,…

Zopa has announced it has launched ‘Borrowing Power’ a new tool designed to help customers get access to cheaper credit. It represents the first time a lender has been transparent about what factors it looks at when deciding who to lend to. Zopa calculated that a customer taking out a new loan with Zopa could…

SmartSearch a provider of RegTech software focused on Anti-Money Laundering (AML) solutions, has announced that it has received a growth equity investment from Marlin Equity Partners. Marlin is a leading global investment firm with a long track-record of backing and successfully growing software businesses. SmartSearch provides AML software to 4,000 client firms and 40,000 users,…

Skipton Building Society and Experian have announced a new partnership with the aim to save mortgage applicants from the hassle of gathering their paper bank statements by adopting Open Banking technology. The new agreement will mean that people applying for a mortgage will have the option of giving consent for Skipton to securely view their…

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