In 2017, the UK introduced open banking, a concept born from an initiative by the Competition and Markets Authority (CMA) aimed at improving retail banking. The CMA required the nine largest retail ...

UK shoppers are putting security first when buying online - with new research conducted by Pay with Bank Transfer, powered by American Express, finding that over three quarters (76%) of consumers have ...

A year ago, I believed UK Open Banking payments were on a roll. Total payment initiations for 2022 were 68 million payments, an increase of 171% over 2021, showing a strong foundation for Open Banking ...

Open banking adoption is rising and marketing and giving way to new use cases, but offering the right incentives is key to success. Both regulatory and market driven open banking has become an ...

Europe’s open banking infrastructure platform Yapily has partnered with the UK Fintech, Allica Bank, to bring the “benefits” of open banking top-ups to UK SME current accounts. Having launched to ...

The upcoming Apple AAPL iOS 17.1 developer beta shows the first services for the new iPhone Wallet app powered by the U.K.’s Open Banking API. The Wallet app will now be able to show Brits their ...

As open banking expands, consumers and companies stand to enjoy lower fees, greater ability to leverage their financial data: if they can control the risk of stolen or misused data. Open banking has ...

Artificial intelligence (AI) isn’t the only technology driving digital transformation. For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a ...