Open Banking Promises to Save SMEs Money and Time
Jan12

Open Banking Promises to Save SMEs Money and Time

Open Banking has potential to be one of the most liberating financial services regulations for small businesses by targeting a long-established barrier to competition between big banks and recent market entrants. On the eve of PSD2’s introduction, Felicia Meyerowitz Singh, Co-founder and CEO of emerging fintech business Akoni Hub, says: “Open Banking paves the way for data sharing between banks and smart platform providers, enabling...

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Open Banking Levels the Playing Field for SMEs and Brings Hope of a Better Future for Financial Services
Jan12

Open Banking Levels the Playing Field for SMEs and Brings Hope of a Better Future for Financial Services

It’s been a long time coming but we are entering an era of greater access and better financial services that will finally put the needs of customers first. The catalyst of achieving this much needed and long overdue result is the culmination of big debate, endless lobbying and necessary government legislation. All this hard work will bear fruit on January 13th when the law of Open Banking comes into force. For years banks have sat on...

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