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Fintech Week London Welcomes International Industry Event to UK this summer

Fintech Week London Welcomes International Industry Event to UK this summer
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Is UK open banking mature enough to survive without the OBIE?

UK watchdog looks to open banking apps to help boost competition

3 Min Read LONDON (Reuters) - Britain’s competition watchdog wants a new independent banking industry body to accelerate take-up of “open banking” apps to spawn new fintech companies and offer more choice to consumers. FILE PHOTO: Canary Wharf stands in London, Britain December 27, 2020. REUTERS/Simon Dawson/File Photo Open banking allows third-party internet based applications to compete with big banks by accessing a customer’s accounts to make payments, or find better deals on loans and other services and products. The Competition and Markets Authority on Friday launched a public consultation until the end of March on strengthening how the financial sector operates open banking and ensures sufficient competition.

Our governance - The Charity Commission

2018 Governance framework The commission’s governance framework sets out the roles, responsibilities and procedures for the effective and efficient conduct of its business. Read the Commission’s governance framework. 2018 to 2023 Statement of Strategic Intent The Commission’s purpose is a statement of what we stand for. This purpose will inform everything we do and how we approach our work.

Shaking the status quo | World Finance

  To say that 2020 was a transformative year would be putting it mildly. The ongoing pandemic has prompted profound changes in the way we live, work and socialise, with prolonged social distancing measures meaning that many aspects of our lives have moved online in the past 12 months. Kitchen tables now double up as desk space, meetings have been replaced by Zoom calls and Friday night drinks take place over FaceTime, instead of at the pub. When it comes to how we spend our money, too, the pandemic has pushed us towards the digital realm. When fears of the virus first began circulating in Europe in February 2020, cash quickly fell out of favour, despite studies indicating that currency doesn’t transmit COVID-19. Shoppers were encouraged to use contactless payments wherever they could, and in the UK alone, ATM usage fell by 71 percent between early March and mid-April. When heading out to the supermarket and other essential shops, we have been ditching the cash and relying on our

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