open bankingRSS

Ping is king for Open Banking’s UK framework

Ping 1

Open Banking, the implementation entity set up by the UK’s Competition and Markets Authority (CMA), has chosen Ping Identity to provide the identity and access management (IAM) technology to underpin its UK framework. Ping’s IAM solution suite, the Ping Identity Platform, will provide the hub for Open Banking, where all UK banks and financial services […]

Retail deposits platform Savedo acquired by fellow fintech Deposit Solutions

Deposit Solutions buys Savedo

Germany-based Deposit Solutions has acquired fellow fintech Savedo. With the acquisition of Savedo, Deposit Solutions gains 18,000+ clients, 13 partner banks and new regions – thus “further expanding its B2C capabilities”.

Payments: looking down the regulatory pipeline

Regulation, regulation and more regulation

In the immediate aftermath of the 2007/8 financial crisis, measures to promote better conduct and improve customer protection and the resilience of the financial system dominated the regulatory agenda. More recently, regulators in many countries have added competition and innovation objectives to their agenda.

UK watchdog driving open banking revolution

UK flag

The UK Competition and Markets Authority (CMA) says its banking “final order” is giving people greater control over their money and reckons the open banking revolution is getting closer. As Banking Technology reported in August, the CMA unveiled its plans to make banks “work harder for customers” and ensure the “benefits of new technology are […]

Viva la open banking revolution!

CMA paves the way for open banking revolution

As with any revolution, open banking will have winners and losers. How to stay competitive in the digital era?

Banking on collaboration

Daniel Gonzalez, SapitentNitro

The disruptive forces of technology and legislation are forcing banks to become open and collaborative, things which they historically found challenging. A friend who owns a small business recently went through what I call a “connected and choreographed” experience to get a loan. iWoka, a digital lending company, simply asked him to log on to […]