Today, Brenton Charnley, ex-CEO of TrueLayer Australia & New Zealand, launches Open Finance Advisors, a specialist consultancy to help Australian and global businesses access open banking and make open finance a reality through the Consumer Data Right (CDR). 

While more consumers than ever switch to subscriptions to manage their spending, the problem of frictionless recurring payments persists, and is something banks should resolve, according to new fintech research. In a flight to flexibility, 1 in 3 customers (37%) will switch banks to achieve a better recurring payment experience. 

International SME financier, Bibby Financial Services (BFS), has renewed its UK securitisation arrangement for a further three years to boost its support for businesses during a period of ongoing economic turbulence.

The refinance deal led by Lloyds Bank alongside HSBC, Barclays Bank PLC, BayernLB and with participation from funds under the management of Insight Investment, sees BFS’s total funding capacity increase to more than £1bn.

Facctum, a risktech company specialising in cloud-delivered enterprise risk decisioning technology, today announces the expansion of its team with the appointment of Jörg Herzhoff as Director of Business Development, Europe and Grant Marshall as a Senior Consultant.  

Sopra Steria, the purpose-led digital transformation expert, today released findings from its report: How creditors can deliver an unrivalled customer experience (CX) to consumers in vulnerable situations, highlighting that consumers are demanding increased flexibility when it comes to loan repayments amidst the UK’s turbulent economic landscape.

As the industry awaits an update on the UK’s New Payments Architecture (NPA), Finastra is committed to the timely development and roll-out of the functionality required to support readiness for its customers. Finastra’s cloud-based payments technology and collaboration with new and established bank and technology partners, such as Microsoft, will support banks’ full compliance with the infrastructure changes ahead of the 2024 deadline.

Broadridge Financial Solutions, Inc., a global Fintech leader, has won the Best Corporate Actions Technology and Best Asset Servicing Technology Product awards at this year’s Asset Servicing Times Industry Excellence Awards, an industry-renowned ceremony recognising the most influential names and businesses in the financial services market. These awards recognise Broadridge’s commitment to transforming proxy voting and the entire asset servicing lifecycle through next-generation technology.

DivideBuy, the leading UK Point of Sale (POS) finance pioneer, has today announced a partnership with Acquired.com, a UK payments specialist and payment initiation service provider, through which DivideBuy’s merchants will be able to leverage smart automated tools designed to eliminate the rate of failed transactions, boost approval rates and offer vastly smoother payment experiences for customers.

Northern Trust has hired Alvin Chia as its head of Digital Assets Innovation for Asia Pacific.