Market share statistics from CMA9 banks indicate that Token is driving adoption of open banking payments in the UK

Leading open banking payments platform, Token, today releases market share statistics* showing it is driving open payments adoption in the UK.

Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: 

‘’The banking bounce back has continued with HSBC doubling first half pre-tax profits as economies come out of their defensive hiding places, and the spectre of bad debt recedes.

Pre-tax profit for the period rose to $10.8bn, compared to $4.32bn for the same time last year.

For a host of banks, the Buy Now Pay Later (BNPL) revolution has felt like something of an uphill battle, as agile fintechs reacted fastest to shifting consumer behavior, bringing new solutions to market at a pace that the incumbents could not keep up with.

But was this early fintech success built on strong foundations?

YTS has been chosen by Dutch accounting software provider Jortt to provide API technology to power its services.

TraditionDATA, the data and information services division of Compagnie Financière Tradition (Tradition), has today announced the launch of its new Secured Overnight Financing Rate (SOFR) Indicative Rate Service. 

Tradition will combine market leading general collateral (GC) repo trade and volume data sourced from its number one interdealer brokerage desk, alongside anonymized tri-party repo trade and volume data from BNY Mellon.

Goal Group, the global fintech leader in withholding tax reclamation and securities class action recovery services, has announced the appointment of industry stalwart Bryan Gray as Brand Ambassador for its APAC region.

The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Software Provider as part of its 2021 Islamic Finance Awards.

ING Group was subject to the 2021 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and De Nederlandsche Bank. ING Group notes the announcements made today by the EBA on the stress test and fully acknowledges the outcomes of this exercise.