Open Banking RSS

Tesco Bank is to become the first UK bank to introduce Open Banking technology that allows its 2.6 million credit card customers to more easily manage and pay their balance.... more

The post Tesco Bank introduces Open Banking payments for 2.6 million customers appeared first on Payments Cards & Mobile.

For those less familiar, the Electronic Identification, Authentication and Trust Services, or the eIDAS system as it is more commonly known, came into effect on 1st July 2016, with Regulation (EU) 910/2014 on electronic identification... more

The post Everything you need to know about eIDAS for Open Banking appeared first on Payments Cards & Mobile.

Challenger banks have raised hundreds of millions in venture capital to take on bank incumbents. But how are these startups doing at reaching, converting, and engaging millions of customers? Challenger... more

The post The top ten challenger banks by value – and why appeared first on Payments Cards & Mobile.

TrueLayer says it has recorded a massive increase in consumers using Open Banking Payment Initiation (PI) to pay for goods and services during the lockdown. PI is a new form... more

The post 832% increase in Open Banking payments during COVID-19 lockdown appeared first on Payments Cards & Mobile.

Digital-only banks, or neobanks, have been a major focus for investors, and are gathering new customers by the boatload. But are they really banking’s future – or just a sophisticated... more

The post PCM Feature: Neobanks – hot trend or missed opportunity appeared first on Payments Cards & Mobile.