Trilo launches Open Banking solution for merchants and consumers
Trilo has launched its Alpha service version in the UK, offering an open banking solution that will serve merchants and everyday consumers.
Nesta names Open Banking challenge winners
Nesta has named Mojo Mortgages, Moneybox, Plum and Wagestream as the winners of its £1.5 million open banking competition.
Allica Bank hires three fintech heavyweights
Business bank Allica Bank has continued its recent growth with a trio of senior fintech hires.
Fintech startup TrueLayer raises $25 million
London-based fintech startup TrueLayer has raised $25 million from investors including Temasek, Anthemis, Connect Ventures and Northzone, the company said on Monday. The firm, which develops technology that enables financial technology companies to access account data from high street banks, said it will use the funding to continue to grow its business. Founded in 2016, TrueLayer is one of several startups seeking to take advantage of European Union and UK open banking rules which require lenders to open up their data to other companies so they can tailor products to their customers. “The company is growing,” said Francesco Simoneschi, TrueLayer’s chief executive and co-founder. “We wanted to continue to increase […]
UK digital bank Ziglu launches P2P payments for Bitcoin and Bitcoin Cash
London-based challenger bank Ziglu said Monday that it has been licensed as an Electronic Money Institution (EMI) by the U.K.’s FCA.
Crypto-friendly banking platform Cashaa expanding in India, US, Africa
Crypto-friendly banking platform Cashaa has unveiled its expansion plans, having raised $5 million from investment and advisory firm O1ex.
HSBC to build the bank of the future by giving its 30,000 devs access to APIs
HSBC is building a new digital banking platform, with the organisation looking to power the bank of the future through the use of APIs. Turning to Salesforce-owned MuleSoft, HSBC chief architect of digital technologies Prakash Sethuraman said the bank is taking advantage of open banking to develop new, “connected” experiences for its more than 38 million customers worldwide, using this as the foundation for the bank of the future. Speaking at Dreamforce 2019 in San Francisco last week, Sethuraman said HSBC is wanting to reach out beyond the branch, the contact centre, and other more traditional channels to create those connected experiences. “When we work with our partners and they […]
Sweden’s Central Bank lays out its plans for its digital currency
Stefan Ingves, the Governor of Sweden’s central bank, Sveriges Riksbank, has laid out his six-step plan for the introduction of is central bank digital currency. Part one of the plans is that both large value and retail payments must be settled in the central bank digital currency anywhere around the world, at any time, all year round. Part two, cross-currency and cross border payments must also be settled in the central bank digital currency at any time. Part three concerns what will constitute as legal tender if banknotes disappear tomorrow. Part four is the implementation in the digital world and securing the korona with AML regulations. Part five is a distinction between wholesale central bank […]
