Article: UK Open Banking Adoption Is On the Rise According to New Yapily Research

Money, Open Governance

UK Open Banking Adoption Is On the Rise According to New Yapily Research

New data released by the Open Banking infrastructure provider Yapily has highlighted how all of the UK’s major retail banks have made significant improvements in their Open Banking API response times over the last 12 months since Q1 2020.

The data was compiled by Yapily through its Open Banking API infrastructure and monitoring tools. It provides tangible proof that the UK’s high street banks are making positive strides to close the gap on the challenger banks and meet the demands of UK businesses and consumers by providing the Open Banking services they want and need to confidently recover and rebuild in the coming months.

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Article: FinTech brings open banking benefits to corporates

Money, Open Governance

FinTech brings open banking benefits to corporates

North West FinTech scale-up AccessPay has launched a new treasury solution for corporates using open banking.  Enabled by Yapily, an open banking infrastructure provider, it will provide thousands of UK businesses real-time visibility into their cash position and transaction flows. 

The integration enables AccessPay users to connect and aggregate their entire corporate banking estate at the click of a button, which the firm says decreases the time-to-value for corporates from months to minutes.  

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Article: The progress of Open Banking and road ahead

Money, Open Governance

The progress of Open Banking and road ahead

According to McKinsey, among the positive signs noted by banks for 2021, apart from an overall opportunity to accelerate growth in digital payments, is the use of real-time payments infrastructure to offer fully digitised customer experiences. This will  improve the flexibility and the cost of their operating models through the usage of APIs and by offering payments-as-a-service (PaaS) that enable  industry utilities to build scale etc.

Many banks choose to partner with technology providers to expand quickly and modernise their product portfolio and offerings to meet customer expectations in banking, lending, payments, and money management.

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