The FCA has recently published a feedback statement summarising the responses received on April 2024 proposals about the design of the Future Entity for UK open banking. The feedback statement sets ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The milestone comes as the FCA, in a recent letter to the ...

Open banking still has the potential to transform global financial services and how people interact with their finances, but it’s still not there yet. The UK, European Union (EU), Australia and US are ...

In a significant step forward for the UK’s financial sector, UK Finance has released an industry proposal outlining a commercial model for Wave 2 of commercial variable recurring payments (cVRP). This ...

In a recent milestone for the UK’s financial sector, open banking has reached over 15 million users, encompassing both individuals and businesses, as of July 2025. This figure, equivalent to nearly ...

Visa has rolled out Visa A2A, its account-to-account payment scheme, in the U.K., allowing customers to manage bills and subscriptions through their banking app. It also allows merchants the ability ...

During onboarding, we often hear the same problem: Their payments take too long to process. We regularly meet teams still reconciling payouts in spreadsheets or chasing down missing payment files ...