S&P: “We currently do not see competition from tech titans as posing a short-term risk to our bank ratings.” But in the longer term banks could face serious competition from the likes of Apple and Google in the payments space, which can account for up to 15% of retail banks’ […]
Open Banking rules come into force in the UK on Saturday, January 13. The rules force banks and payment companies to share data with third parties if customers agree. The changes are meant to encourage comparison and bank account switching but some think an unintended consequence could be opening up […]
‘Open Banking’ begins in the UK on January 13. The legislation required banks to open up data on customers to third parties and let them execute transactions on customers’ behalf – if customers agree. The change is meant to encourage bank account switching but its long-term potential could shakeup the […]
Fintech startup Bud has signed a deal with HSBC...
COPENHAGEN, Denmark -- A German fintech...
