Frictionless finance blog.
Stay up to date with the latest from the #fintech industry as The ID Co. and others work to break down barriers and create frictionless finance solutions.
As Wonga twitches in the final throes of death, many will celebrate the downfall of the UK’s most famous pay-day lender. It is with only a little irony that its administration comes only weeks before the Financial Conduct Authority introduces new rules on the subject...read more
“A typical credit check is backward looking. It relies on the future looking much like the past. So, if your customer has not had much debt and a history of meeting their obligations in the past then the assumption is that they will continue to do so in the future......read more
September has arrived and the season of conferences and talks is still upon us. With so much happening this month we thought we would break down the highlight events around FinTech and Open Banking so you can get involved too. September events: Financial Services...read more
For anyone that considered whether an “Open Banking meet-up” hosted on a Monday night would thrive, consider last night. With over fifty registrants in attendance, we were delighted to welcome to speak – beyond myself, of course – Stephen Ingledew, CEO of FinTech...read more
In a major vote of confidence in the future of Open Banking, Clydesdale Bank has integrated the DirectID Open Banking Platform from The ID Co. into its B mobile banking app. B analyses user data to make informed suggestions about spending and saving habits. Use of the...read more
What it is? Open banking is a secure way for you to use financial products and services from regulated apps and services. As a financial services term and part of financial technology, it refers to the use of Open APIs (often also referred to as public API – publicly...read more
FDATA Open Banking Summit: What we gave and what we took away Last month our CEO James Varga was a panelist at FDATA’s event; Open Banking Summit 2020 – 30. in London. The event, which was attended by figures and organisations from the financial technology community,...read more
Looking ahead to 2018 With 2017 quickly drawing to a close it seems a good time to reflect on where we are with Open Banking ahead of January's implementation date. To recap, Open Banking has been developed following a lack of competition among the primary banks and...read more
Since the second payment service directive (PSD2) was announced, The ID Co. has been pursuing direct APIs to expand and enhance European bank coverage and provide DirectID service faster and more seamlessly than ever before. Companies that want to provide account...read more
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