The UK’s competition authority has announced the near completion of the country’s open banking roadmap. In a statement released on Thursday (Jan. 12), the Competition and Markets Authority (CMA) said that the six largest banks in the U.K. have successfully delivered the requirements of open banking as...
Last week, on June 24, the U.K. Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) issued two different statements about the future of open banking and the role that the Joint Regulatory Oversight Committee will play in this endeavor. Interestingly, both regulators called...
In today’s top Europe, Middle East, and Africa news, the Russian invasion into Ukraine triggered more than $242 million in liquidations in the crypto market, while Allegro, one of the largest eCommerce websites in Europe, reported its revenue was up nearly 34% last year compared...
An independent investigation set up by the Competition and Markets Authority (CMA) found that the Open Banking Implementation Entity (OBIE) has had poor governance and didn’t stop bullying and intimidation of staff, Reuters writes. The inquiry into OBIE was called a year ago, looking into...
January 16, 2023
The U.K. today counts 6.5 million active users of open banking-powered technology. In a recent statement announcing the news, the country’s Open Banking Implementation Entity (OBIE) added that there were 7.5 million open banking-powered payments in the U.K. as of December 2022. This milestone comes five years after open banking was made a regulatory requirement […]
January 13, 2023
The UK’s competition authority has announced the near completion of the country’s open banking roadmap. In a statement released on Thursday (Jan. 12), the Competition and Markets Authority (CMA) said that the six largest banks in the U.K. have successfully delivered the requirements of open banking as laid out by the CMA’s roadmap in 2017. That means […]
October 03, 2021
An independent investigation set up by the Competition and Markets Authority (CMA) found that the Open Banking Implementation Entity (OBIE) has had poor governance and didn’t stop bullying and intimidation...
