Today, in TechREG, we start a series of articles about open banking and its regulatory challenges and opportunities. In this article, we explain the two main policy approaches to open banking, and we include a prediction of which one is likely to have more followers...
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British lender Nationwide Building Society said Tuesday (Dec. 21) that inbound and outgoing payments have been delayed all day, and there’s no sign of when the problems will be resolved, BBC News reported. Get the Full Story Complete the form to unlock this article and...
Dutch financial services firm ING is leaving behind its French retail banking operations, a decision that may impact 460 workers, according to a Tuesday (Dec. 21) press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Community and midsize banking association Alloy Labs Alliance is launching CHUCK, an open network for instant payments to compete with Zelle, a payment network owned by the nation’s largest banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Interbank payments in the U.K., such as Bacs and the Faster Payments Service (FPS), used to pay wages, pay bills or transfer money to a friend, accounted for nearly £7 trillion in 2020. The U.K. is now planning to replace the underlying infrastructure for the...
The banking needs of most small- to medium-sized businesses (SMBs) typically aren't that complicated, as most want easy access to specific loan and payment tools, and 'a la carte' choices to fill in any service gaps. In the Next-Gen Commercial Banking Tracker, Bank Independent’s Kelly...
Revolut Bank, part of the U.K. FinTech unicorn Revolut, has been granted a full banking license by the European Central Bank (ECB), the Bank of Lithuania (LB) recently announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
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