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.
At the end of last month Apple’s latest series of announcements were broadcast from the Steve Jobs Theatre in Culpertino.
The speed at which consumers have adopted mobile digital platforms is testimony to how highly they prize the convenience of mobile apps.
A research project into the security of financial services apps has identified serious issues with the majority of those tested, which could in many cases lead to the exposure of user data to hackers.
Financial services provider Klarna has announced its new Open Banking Platform, which will provide fintechs with easy access to thousands of banks across Europe.
Tech Nation has announced the 24 companies chosen to join its Future Fifty scheme, with digital banking featured heavily in the list.
Many of us have put the 2008 financial crisis to the very back of our minds – it is a time we do not want to dwell on.
In the past few years, the banking industry has been transformed almost beyond recognition.
It’s likely that you’ve heard the term ‘open banking’ in recent months.
Until now, the race to a trillion has been dominated by big tech, with both Apple and Amazon reaching the milestone in 2018.
The banking chatbot has come a long way from just linking to FAQs and referring you to a human colleague when questions get too profound.
NatWest bank has announced a trial of biometric payments that will see customers in the UK pay with their fingerprints for the first time.