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The Centre for Finance, Innovation and Technology (CFIT) has announced the first Open Finance Coalition partners to further Open Finance in the UK, with FCA regulatory support.
partnership, fintech, Open Finance, Open Banking, financial data, data
The Open Banking Implementation Entity (OBIE), creator of the software standards connecting banks and fintechs in the UK, has announced it will transition into a new entity and regulatory framework in 2023.
Open Banking, product upgrade, regulation, PSD2, Open Finance
The Financial Conduct Authority has issued a warning directed at companies offering Buy Now, Pay Later products that all financial promotions of BNPL products must comply with the financial promotion rules in spite of occasional legal loopholes.
BNPL, regulation, ecommerce, online shopping
Sheldon Mills, Director of Competition at the FCA, talks about how Open Banking fosters the conditions for competition and innovation.
Financial Conduct Authority, Sheldon Mills, Open Banking, Open Banking Report, banking, fintech, PSD2, payment service providers, API, SCA exemption, API sstandard