The FCA has recently published a feedback statement summarising the responses received on April 2024 proposals about the design of the Future Entity for UK open banking. The feedback statement sets ...

Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are ...

One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately £4.1 billion to the UK economy. Image: Envato It’s a fintech-themed party as open ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The milestone comes as the FCA, in a recent letter to the ...

Yaspa, the award-winning fintech specialising in instant payments and identity services, today announces the release of its second annual Yaspa Index. The study reveals a significant disconnect in the ...

Discover how open banking APIs streamline affordability assessments and real‑time igaming identity verification across the UK and EU, improving compliance.

In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly ...

Lee Fulmer, senior advisor at McKinsey and Chairman of the OpenUK Finance Advisory board, weighs in on why open banking is such a hard problem. His insights have important implications for the ...

Kate Marsden, chief marketing officer of Yaspa, discusses the key findings of the second annual Yaspa Index with RBI editor ...

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This ...