Open banking is worth over £4billion to the UK economy. With over 7 million users, and monthly average of 8 million payments made using the technology each month, it is a major UK fintech success story, driven by forward-looking regulation. 

OneStream Software, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announces the launch of the OneStream Solution Exchange. The Solution Exchange builds on the success of the OneStream MarketPlace and the inaugural OneStream Wave Developer conference to further enhance the OneStream platform development experience with the addition of partner-built and community-shared solutions.

Brightwell, a payments technology company that builds financial products to send money securely anywhere in the world and one of the leaders at the forefront of innovative fintech solutions, announced today that it has hired Robert Berris as the company’s first Chief Innovation Officer.

Since 2011, Skaleet, a fintech company, has been developing innovative tools to transform the banking experience for millions of consumers. These tools are in use by financial providers on all five continents. Today, Skaleet announces a module that will enable banks and credit institutions to process loans in a few minutes and then easily manage those loans from initial application to loan servicing, and to debt collection. 

The recommendations published today by the Joint Regulatory Oversight Committee (JROC) are an extremely positive milestone for Open banking in the UK. They both recognise the dramatic success of Open Banking to date and outline a vision to ensure the continuation of the UK’s global leadership in this area.

Robin Morris-Weston has joined award-winning digital financial crime platform 

Leading SME funding provider Reward Finance Group has restructured its client relationship operations across its key UK regional divisions, by promoting Chris Ibbetson and Paula Jones to head them up.

STICPAY, a leading global e-wallet service provider and payment gateway, has acquired two new financial services licences that enables it to extend its services to clients across more than 200 countries.

 Financial solutions provider, Novuna Business Finance, has generated an increase in £4m revenue in under one year through onboarding new car dealership customers since it started using a workflow automation platform provided by Workato.  

Education lender, Knoma, has selected Fuse by Pave as its Open Banking partner, to enable it to improve decision-making on applications from borrowers seeking education finance.