Welcome to our blog
13 March 2020
Open Banking recently celebrated its second birthday in the UK. Whilst it has received criticism from some quarters for being slow out of the blocks, it has now gathered more than one million active users, and an increasing number of innovative use cases coming from the FinTech sector could make 2020 the year that Open Banking finally cracks the mainstream.
6 March 2020
Affordability assessments for mortgages and small business loans are notoriously lengthy, taking up an unnecessary amount of time for both borrower and lender. FriendlyScore, a London-based FinTech, is employing open banking technology to help lenders dramatically streamline this process.
26 February 2020
Small and Medium Enterprises (SMEs) account for the vast majority of businesses worldwide and are a crucial driving force behind job creation and economic development. However many SMEs report being underserved, especially when it comes to accessing finance. We investigate how the FinTech sector is working to address such problems.
29 January 2020
Open Banking is revolutionising the way we approach finance. By giving individuals unprecedented control over their financial data and who they share it with, Open Banking has led to a greater consumer demand for more innovative services, improved personalisation and a wider choice of products. In turn, providers are looking for ways to meet these needs.