NatWest’s multi award-winning open banking payments solution Payit, has successfully made its first Variable Recurring Payment (VRP) in a live environment.

The development marks another significant achievement for NatWest – becoming the first UK Bank to successfully make a VRP using a bank-owned Open Banking payments proposition, in addition to already being the first UK bank to launch an open banking payments solution, and the first bank to enable businesses to send money to their customers without requiring their bank details.

Today, financial service firms are experiencing a rapid growth in data volumes and data diversity. More content is available to feed into decision making. Conversely, more information and disclosures are requested by regulators and customers and investors too require more granular information faster. For example, many firms in this sector have ongoing pre-trade or post trade transparency requirements to fulfil.

Open Banking Expo, a global community of Open Banking and Open Finance executives responsible for digital transformation across the financial services sector, has announced the call for entries for this year’s Awards.

Following a resounding success last year, the Open Banking Expo Awards are back for the second year in a row. The Awards recognise and celebrate the innovators, disruptors and visionaries across the globe who have been at the forefront of the Open Banking and Open Finance revolution. 

Creating a coders community, one step closer to making the UAE a digitally self-reliant economy. With the increasing digitization and new coding initiatives being launched in the UAE, we are bringing together all the key stakeholders of the country under one roof to explore the potential of low code technology.

ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, announced today that Annie Morris has joined the firm as Chief Product Officer (CPO) to lead ACA’s integrated product strategy and vision.

Scienaptic announces strategic partnership with Integrated Lending Technologies, the creator of Allegro™ Lending Suite, to expand credit availability for its clients

Scienaptic AI, a leading global AI-powered credit decision platform provider, announced today that Utah-based Integrated Lending Technologies (ILT) has partnered with Scienaptic AI and chosen its platform to boost credit decisions for its clients.

Plum, an employee health insurance platform, today announced the appointment of Aditya Bagarka as Head of Strategy and Innovation. Bagarka joins from ICICI Lombard, where he spent over a decade and last served as Deputy Vice President – Wholesale Products, building their Startups & Affinity business. In his new role at Plum, he will focus on product innovation and will work with insurer partners to simplify and digitise the customer experience.

• Amazon is seeking to exclude a proposal on workers’ rights from their next Annual General Meeting (AGM).
• The proposal was submitted by activist investor platform Tulipshare on behalf of retail investors, and asks Amazon to commission an independent audit of the working conditions that Amazon workers face.
• Shareholders hope to leverage new SEC rules to engage with Amazon and, if successful, it could be the first time a retail investment platform has successfully had their voice on the ballot of an Amazon AGM for the first time.

Pierre Bergamin (VP of Engineering) and Roger Almeida (Head of Product) will support InDebted’s scaling and expansion into new markets in 2022

InDebted, the fast-growing global fintech aiming to transform the consumer experience of debt, has today announced the appointments of Pierre Bergamin as Vice President of Engineering and Roger Almeida as Head of Product.

• 77% of start-ups that are recruiting are actively seeking diverse candidates
• Three quarters (74%) cite a barrier to hiring diverse talent, including lack of applications and candidates
• Start-ups say diversity improves innovation (73%), recruitment (58%) and commercial performance (56%)