Frictionless finance blog.
Stay up to date with the latest from the #fintech industry as The ID Co. and other leading fintech companies work to break down barriers and create frictionless finance solutions.
Welcome to the second edition of the Frictionless Finance Report. This week we cover a new digital banking proposition from RBS, centralising the PSD2 Directory in Europe, and take a closer look at the latest Open Banking news coming out of Singapore, Canada, Australia and New Zealand.read more
As we at The ID Co. have been exploring throughout the course of this month, affordability is now a central tenet for all lenders in their dealings with consumers. Thus far we have explored the rationale for the FCAs decision to demand lenders take affordability into...read more
The world of Open Banking never sits still and last week has been no exception. With a multitude of events taking place including Scottish International Week and “FinTech fortnight”, the team at The ID Co., were delighted to host and present at several. We have seen...read more
Welcome to the first edition of the Frictionless Finance Report. This week we cover the new Open Banking standards, give a thumbs-up to the UK FinTech scene and give a nod to the most recent news from The ID Co.read more
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
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