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Open Banking – the future of UK retail payments

Voice of the Industry | Online & Mobile Banking | 17 Jan 2024

Jack Wilson, VP at TrueLayer, explores the potential of Open Banking to transform UK payments through cost-effective, instant retail experiences.

Open Banking, Open Banking payments, retail banking, report

JPMorgan offers payment solution for Volvo in India

News | Online Payments | 10 Mar 2023

JP Morgan has announced its end-to-end payments solution will power Volvo’s new online direct to consumer sales model for first electric car roll out in India.

payment methods, payment processing, payment processor, payment gateway

Chase to launch new monthly cashback offer

News | Online & Mobile Banking | 21 Feb 2023

UK-based digital bank Chase has announced the launch of its rewards programme with monthly cashback and the introduction of interest on current account balances.

product launch, online banking, digital banking, cashback, fintech, interest rate

Chase to integrate Nutmeg's investment features

News | Online & Mobile Banking | 10 Jan 2023

JP Morgan’s UK banking arm Chase has overhauled its app with a new design that lays the groundwork for its push into the investment space.

partnership, investment, product upgrade, crypto, digitalisation

JPMorgan warns British digital bank arm could top USD 1 billion in losses in the next years

News | Online & Mobile Banking | 24 May 2022

JPMorgan Chase has announced it is expecting to lose more than USD 1 billion in the next few years on its new digital-only international consumer bank that began operations in the UK in 2021.


online banking, digital banking, expansion, fintech

JP Morgan to buy Nutmeg

News | Online & Mobile Banking | 18 Jun 2021

JP Morgan has entered into an agreement to acquire digital wealth manager Nutmeg for an undisclosed amount ahead of the launch of its new digital bank, according to AltFi.

JP Morgan, acquisition, digital banking

Finoa collects USD 22 million

News | Cryptocurrencies | 04 May 2021

Germany-based crypto custodian Finoa has received USD 20 million in funding from UK-based venture capitalist Balderton for its next phase of growth and plans to build a crypto bank.

investment, funding, cryptocurrency, crypto asset

Green, clean, low-carbon machine – Moneyhub presents the Sugi app

Voice of the Industry | Online & Mobile Banking | 24 Feb 2021

Moneyhub discusses Sugi, the app that helps investors green up their portfolios using the power of Open Finance

Moneyhub, Open Banking, Open Finance, API

Interview with TrueLayer about PayDirect, the new Open Banking-based payment solution

Interviews | Online & Mobile Banking | 03 Feb 2021

The Paypers sat down with Ossama Soliman, Chief Product Officer at TrueLayer, to learn more about TrueLayer and future plans following the launch of their new payments product, PayDirect

interview, Ossama Soliman, TrueLayer, Paydirect, Open Banking, payments , APIs, instant bank payments

The ultimate guide to open banking use cases

Report | Online & Mobile Banking | 28 Oct 2020

Open banking has been adopted by millions of consumers - yet many businesses are still unsure of how to leverage it. In this report, you'll learn about the proven, emerging, and game-changing use cases for open banking, and how leading businesses are benefiting from them.

Open Banking, use cases, trends, TrueLayer

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

TrueLayer secures USD 25 mln in Series C round

News | Online & Mobile Banking | 21 Sep 2020

Financial infrastructure provider TrueLayer has announced it has secured an additional USD 25 million in funding, under its Series C.

TrueLayer, funding, financial infrastructure, Anthemis, Connect Ventures, Northzone, Temasek, UK, United Kingdom, payment institution, FCA, Financial Conduct Authority, account information, payment initiation, Open Banking, PSD2, France Italy Spain, Revolut, Nutmeg, Freetrade

Payments made through Open Banking soar during lockdown

News | Payments General | 25 Aug 2020

TrueLayer, a provider of financial APIs, has recorded an eight-fold increase in consumers using Payment Initiation (PI) to pay for goods and services online during the lockdown.

Open Banking, APIs, Pi, fintech, Anna Money, Nutmeg, Revolut, stake, TrueLayer, payments , banking, online banking

Nutmeg to launch open banking payments

News | Payments General | 30 Jul 2020

UK-based wealth manager Nutmeg has announced the launch of open banking payments, allowing customers to make payments directly from their bank or building society.  

Nutmeg, Open Banking payments, Open Banking, banks, payments , bank transfers, financial API, TrueLayer, mobile banking, online banking, TPPs, payment initiation

TransferWise obtains FCA license for digital wealth

News | Payments General | 01 Jul 2020

UK-based payments provider TransferWise has secured an FCA license for regulated investment activities, announcing plans to enter the digital wealth management space.

TransferWise, FCA license, digital wealth, payments , regulated investment, FSCS, Nutmeg, Moneybox, Wealthify, Moneyfarm, banking service, debit card, Borderless account

Yolt launches API connection with American Express

News | Online & Mobile Banking | 24 Apr 2020

Yolt, a smart money platform, has launched a new API connection with American Express

Yolt, American Express, Netherlands, API, American Express, card, challenger bank, Monzo, Starling, Nutmeg

Nutmeg embraces Open Banking with Yolt API connection

News | Online & Mobile Banking | 23 Apr 2020

Nutmeg, a UK-based digital wealth and investment manager has launched new API integrations with fintech apps Yolt, Emma and Money Dashboard. 

Nutmeg, Open Banking, Yolt, API, Emma, Money Dashboard, fintech, app

Nutmeg gets GBP 45 mln support led by Goldman Sachs

News | Payments General | 23 Jan 2019

Nutmeg, the alternative investment app, has completed a GBP 45 million fundraise led by the Goldman Sachs Principal Strategic Investments Group, and Convoy, the financial advisory company.

Nutmeg, Goldman Sachs, funding, investment, Europe, UK

Tandem Bank secures GBP 15 mln from Convoy in Hong Kong expansion

News | Payments General | 22 Nov 2018

Fintech challenger bank Tandem has closed a strategic partnership with Convoy Global Holdings, a Hong Kong-based financial services group.

Tandem Bank, Convoy, Hong Kong, partnership, challenger bank

InvestHK: 2018 will be the year that fintech goes mainstream in Hong Kong

Interviews | Interviews | 09 Jan 2018

The Paypers interviews Thorsten Terweiden, InvestHK’s Deputy Head of Fintech to find out more about InvestHK and the latest news and trends in the Asian fintech space

Thorsten Terweiden, InvestHK, fintech, Hong Kong, blockchian, remittances, mobile wallets, Alipay, ZhongAn, Ping An, future trends