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PhonePe Group has decided to exit the Account Aggregator (AA) business, citing difficulties in onboarding a sufficient number of Financial Information Providers (FIPs), according to CNBC.
data aggregation, AISP, regulation, fintech, banks
Salad Money has secured an Open Banking licence from the UK’s Financial Conduct Authority (FCA), marking a first for a consumer Community Development Financial Institution (CDFI).
licence, AISP, Open Banking
EU's Open Banking evolves with proposed regulations. UniCredit's Gianluca D'Imperio notes ongoing discussions for market impact, aiming for competitiveness by 2024.
regulation, Open Banking, Open Finance, PSD2, ASPSP, AISP, PISP
UK-based bank NatWest has launched Enriched Transactions, a new transaction categorisation service.
mobile banking, online banking, product launch, digital banking, AISP, lending, financial services