Open banking was first launched in January 2018 and received much attention from the financial community as the potential bringer of fintech disruption.
Verdict Twitter round-up lists ten of the most popular tweets on fintech in November 2019, based on data from GlobalData’s Influencer Platform.
The closure of high street banks has hit the headlines in 2019, with 19% of people in the UK now living over two miles away from a bank, according to The Guardian.
2019 was anticipated to be the year that open banking took off, with the introduction of a number of new regulations designed to make it easier for consumers to access a greater array of financial services, while improving security.
Technology has disrupted the banking and finance industries in ways previous generations could never have foreseen.
GlobalData research has found the top fintech influencers based on their performance and engagement online.
EY has launched a platform for governments that will see public funds put on the blockchain.
With continued uncertainty over when the UK will leave the EU, many businesses have been left with more questions than answers when it comes to Brexit planning.
Gold payment cards have long been a status symbol, synonymous with high-earners.
Nearly half of young people would consider switching to a different bank in order to receive a better digital banking experience.
Natwest has launched the first biometric credit card in the UK, allowing customers to make payments using only their fingerprints.
The 14th of September was supposed to be the day that the last part of the Payment Services Directive, or PSD2, was rolled out across the EU.
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Traditional banks that are slow to respond to innovation in the banking industry could lose up to $280bn by 2025 as the offer of instant, invisible and free payments wipes out once lucrative payments revenue channels.
While financial service providers recognise the promise of open banking, few feel that they’re in the best position to take advantage of it.
According to a study conducted earlier this year by UK Finance, just one in ten adults in the UK now opts to only use cash, with the rapid with the rapid growth of contactless payment and decline in the number of ATMs leading many to predict that the UK may become a cashless society in
Natwest and RBS customers have been left without access to their online accounts after the two banks were hit by IT issues.
Monzo has told some 500,000 of its customers to change their personal identification number (PIN) after the challenger bank incorrectly stored them in its own internal systems.
Mobile shopping giant Wish has announced that it is now valued at $11.2bn after a successful Series H funding round.
UK venture capital (VC) deals are set for a record year in terms of total funding secured, according to research published today.
Swedish open banking platform Tink has warned that many banks are not providing “the proper technology environment” for third parties to make the most of open banking regulations.
Multiply has become the first financial planning app to be approved by the Financial Conduct Authority (FCA).
With 90% of consumers worrying about having their online financial accounts hacked, ensuring that online banking is protected from phishing attacks and other vulnerabilities is essential, especially as 76% of data breaches are financially motivated.
To make card payments more convenient and secure, issuers are looking to integrate biometric fingerprint technology into their cards.
The use of biometrics as an alternative to traditional passwords is on the rise, with everything from facial and voice recognition to fingerprint authentication seeing climbing use across hardware, banking and beyond.
A new industry code, designed to repay those who have fallen victim to financial scams, comes into force today.
Would you invest in a company that makes no money and has warned would-be investors that it may never do so?
The UK is defying ongoing Brexit uncertainty by becoming the most popular destination for foreign investment in the world, according to a report published today by EY.
As contactless card spending surged by nearly a third in 2018, and with over 20 million transactions taking place each day, new data released by Paymentsense reveals the UK cities leading the move towards a cashless society.