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: Open Banking Bolsters Corporate FinServ, From India To Italy

Money, Open Governance

Open Banking Bolsters Corporate FinServ, From India To Italy

Open banking is a global phenomenon, and as more banks and FinTechs collaborate to unlock customer data for enriched banking experiences, partners are increasingly eyeing small businesses and corporates as key targets of innovation. This week’s bank-FinTech collaboration roundup explores the latest tie-ups from Italy to India, and beyond.

Israel’s Mizrahi-Tehafot Bank is working with Finastra to bolster its cross-border payment capabilities, the firms recently revealed. In a press release, the companies said Finastra will integrate its Fusion Payments To Go solution, designed for smaller financial institutions looking to strengthen their global payment capabilities.

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