The “timing is right” for the Competition and Markets Authority (CMA) to mandate variable recurring payments (VRPs) through sweeping.
Players in the fledgling open banking regime say new rules unveiled by the government this week are a crucial development that will lift participation.
Many new data-driven fintechs are drawing significant attention from venture capitalists even if they are invisible to consumers.
The consumer data right (CDR) that could allow those accredited under open banking to create brand new digital offerings.
Francesco Simoneschi is the CEO of the UK’s latest unicorn, TrueLayer. The startup boss believes the open banking revolution is just getting started.
Matt Parish examines how Variable Recurring Payments (VRP) will deliver new products and services.
Open banking provider TrueLayer is eyeing further French expansion with the appointment today of Clement Boulais as its first general manager for the country.
The Competition and Markets Authority has given the UK’s nine largest banks six months to enable variable recurring payments (VRPs) and ‘sweeping’.
Tilen Chetty and Dan Gaskin will bring a wealth of experience of the Australian open banking market with them.
Lenders are increasingly turning to bank transaction data to speed up their lending processes and fill in the gaps of credit bureau data.