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.

A Case Study in Affordability: Wonga

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...

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Open Banking Excellence Edinburgh – August 20th

  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...

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Open Banking is here! What does it mean for you?

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...

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Looking ahead to 2018 – Open Banking and PSD2

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...

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Getting PSD2 Ready

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...

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