The challenges lenders face are numerous. And achieving sustainable profitability is difficult since customers are less loyal than in the past, regulation more stringent and the economic outlook still uncertain.
Leading online betting company Novibet has teamed up with fintech company Citizen to make gaming transactions safer, faster and effortless.
The funding will enable GoCardless to accelerate its growing footprint in the open banking space through both product and geographical expansion as it targets becoming the world’s leading network for direct bank payments.
All of the UK’s top 10 banks improved their average Open Banking API response times between 2020 and 2021, with Barclays the most improved, according to the latest API insights data released by Yapily.
Banks that go down the route of a large-scale “tech transformation programme”, as opposed to adopting an “incremental approach” to tech change, are taking on far more risk and could fall into a “legacy trap”, according to panellists speaking as part of an Open Banking Expo live debate.