From open banking to open finance and beyond: The future of financial data-sharing
Open finance is expanding data-sharing beyond banking, reshaping payments, lending, and financial services worldwide.
March 18, 2025
Open finance is expanding data-sharing beyond banking, reshaping payments, lending, and financial services worldwide.
The Economic Crime and Corporate Transparency Act 2023 holds businesses accountable for fraud unless they prove strong prevention measures.
Virtual IBANs streamline payments but pose AML risks, demanding stricter oversight from PSPs.
Discover how AI-driven innovation, blockchain advancements, and evolving consumer behaviours are reshaping the payments industry.
APP scams cost UK victims over £340 million in 2023, exposing systemic vulnerabilities and the urgent need for stronger fraud prevention and collaboration.
Open banking faces rising fraud risks, demanding industry-wide collaboration and smarter security solutions to build trust and resilience.
The FCA’s safeguarding reforms introduce stricter compliance requirements for payments and e-money firms, aiming to enhance consumer protection and operational resilience.
The Digital Assets Bill introduces opportunities and challenges for PSPs, from stablecoin clarity to operational overhauls, as firms navigate legal uncertainty and evolving compliance standards.
Merchants gathered in London to tackle evolving fraud challenges, highlighting technology and collaboration as key to staying ahead.
Trust Payments CEO Laurence Booth urges providers to go beyond transactions, focusing on digitisation and personalisation to meet evolving consumer and business demands.
The PSR’s Dan Moore highlights the importance of sustainable commercial models and fair competition to drive innovation and investment in the UK payments sector.
Do the FCA’s safeguarding plans need alignment with the National Payments Vision to ensure strategic, cost-effective, and consumer-focused reforms?
AI-driven fraud is rising, pushing firms to adopt advanced tools, partnerships, and training to stay ahead.
Generative AI boosts fraud detection but heightens data privacy risks, urging firms to balance innovation with strong compliance.
Operational resilience is crucial as FCA and EU regulations push firms to guard against disruptions and cyber threats.
Payments in 2025 will be shaped by AI, instant payments, CBDCs, embedded finance, and sustainability.
Industry leaders discuss the evolving innovations and challenges shaping the future of payments.
2024 reshaped payments with instant payment mandates, crypto regulations, and enhanced consumer protection, driving innovation and security.
The Payments Association’s consumer behaviour survey uncovers shifting payment preferences in the UK, with digital methods on the rise while cash remains vital for certain demographics.
Fintechs are rapidly reshaping the merchant services sector, challenging traditional banks to innovate or face declining market dominance.
Explore how decentralised finance is transforming the payment industry by offering transparency, efficiency, and access, amid regulatory challenges.
Choosing between building and buying systems is key as financial institutions face escalating financial crime challenges.
Conversations around a digital pound are growing louder as the weeks roll by. With use cases popping up around the globe, is it time Britain followed suit? In a similar fashion to the way coins largely made way for banknotes, digital currency is the next natural progression in the evolution of money, whether consumers like the idea of it or not.
AI has been a hot topic in the financial services sector for some time and the topic keeps gathering momentum. It is clear, AI has many potential use cases, such as: helping firms scale up their business; making better informed strategic business decisions; and supporting the efficient and effective delivery of regulatory compliance to name just a few potential use cases.
Exploring how the payments industry can innovate to mitigate the UK’s cost of living crisis, this article highlights fintech’s role in aiding the newly underserved towards financial resilience and inclusivity
In an era where customer focus, innovation, and the challenge of profitable growth take center stage, the payments industry faces a pivotal transformation, signalling the end of ‘easy growth’ for traditional giants
Leaders of companies operating in the payment technology landscape are well-accustomed to the challenges of complex regulations set by various governing bodies. Whether the companies are established financial institutions or agile fintech start-ups, navigating this terrain requires much effort.
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