Banking
FCA and PSR Set Out Next Steps for Open Banking in the UK
The Financial Conduct Authority and Payment Systems Regulator outline plans to enhance open banking with new services and an independent operator.Highlights:New Services: Introduction...
FinTech
Next Steps for Open Banking in the UK: FCA and PSR Initiatives
Exploring the Future of Financial Innovation and Consumer EmpowermentHighlights: FCA and PSR outline plans for Open Banking expansion.Focus on improving consumer access and financial...
FinTech
Neonomics Acquires UK Open Banking Platform Ordo
Expanding Open Banking Solutions and Innovations in the UK MarketHighlights: Neonomics has completed the acquisition of Ordo, a UK-based open banking platform.The acquisition aims...
FinTech
Understanding Open Banking Standards: CFPB Approves FDX Initiative
The Future of Financial Data Sharing and Consumer EmpowermentHighlights:CFPB grants approval to FDX to establish open banking standards.
New standards aim to enhance...
Banking
TrueLayer Cuts Workforce Amid Profitability Push and $50M Funding Boost
Workforce Reductions: TrueLayer, an open banking payments company based in London, laid off 71 employees—roughly 25% of its workforce—in September to streamline operational...
Banking
UK Government Unveils Strategy to Boost Financial Services Growth and Innovation
Driving Competitiveness in Finance: The new Labour government, led by Chancellor Rachel Reeves, announced plans to reform financial regulations to prioritize growth, competitiveness,...
Banking
UK Government Unveils Plans to Boost Growth and Competitiveness in Financial Services
The UK government, led by Chancellor Rachel Reeves, has announced a strategic plan to enhance growth and competitiveness in financial services. Key highlights include:...
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