Millions of customers are set to benefit from simpler and more secure payments as leading open banking platform provider Token.io Limited makes history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API.

The payment of £4.99 at 18:39 on Friday 1st June 2018, confirmed as the first of its kind by UK Open Banking (the Open Banking Implementation Entity), fires the starting gun on the new age of API banking in Europe, driven by the recent introduction of PSD2.

Arro Money – a product of Marq Millions – has widened its account offering with a business solution created specifically for sole traders. 

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation.

Banco BNI Europa, a leading digital bank, and Alterest, an innovative loan data and intelligence platform, publicly announced today their partnership to streamline investment analytics and risk management between the bank and its credit originating partners.

Wall Street Horizon, a leading provider of corporate event data, today announced a partnership with Money.Net, an online platform for financial data and news, to provide desktop users with access to its corporate event data in order to further bolster clients’ trading and risk strategies. 

The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation.

Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced significant enhancements to its Artificial Intelligence (AI) powered Financial Wellness Solution at CFSI's Emerge Financial Health Forum.

We are delighted to announce that Algomi has appointed former MarketAxess EMEA COO, Scott Eaton, as CEO, effective immediately.

On May 31st, the FCA published their much anticipated consultations on High-cost Credit (CP18/12) and on Overdrafts (CP18/13).