Though applications of the U.K.’s open banking framework have grown more diverse since its launch in 2018, the initial excitement behind the regulatory initiative was its opportunity to lower barriers to market entry for new FinTechs, and to augment competition in the financial services world....
Bank-FinTech collaboration is quickly becoming an essential component of facilitating small business loans as large lenders scramble to manage a surge of volume in paycheck protection program loan applications. Beyond the U.S., B2B FinTechs continue to explore the opportunity to take advantage of open banking...
QR codes have enjoyed mounting adoption in the consumer payments landscape around the world in recent years as FinTech solutions embrace end-user efficiency and take advantage of smartphone penetration. Their use for B2B payments, however, remains limited — but in the U.K., open banking may be...
