Articles with tag like: account numbers

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Open Banking reaches 2 mln UK-based users

News | Online & Mobile Banking | 28 Sep 2020

The Open Banking Implementation Entity (OBIE) has reported that after six months since the 1 million user milestone has been reached, the UK user base increased to 2 million.

Open Banking, UK, United Kingdom, Open Banking Implementation Entity, OBIE, disruption, COVID-19, fintech, ecosystem, lockdown, online banking apps, open banking adoption, CMA9, banks, Starling Bank, Monzo, money management apps, account aggregation, use cases, NatWest, Nutmeg, bank transfers, Open Banking Payments, sort codes, account numbers

Confirmation of Payee service for online payments to be delayed

News | Digital Identity, Security & Online Fraud | 18 Feb 2019

UK Finance has suggested that banks might not be able to implement ‘Confirmation of Payee’, a service aiming to combat money transfer scams, in due time.

online payments, UK, money laundering, money transfer, scams, banks, Open Banking, account numbers