Can 2026 Be a Breakout Year for Pay by Bank in the UK?
For years, Pay by Bank has been “on the brink”. Talk to anyone in payments and you will hear the same sentiment. The technology is there. The benefits are obvious. The infrastructure works. And yet, it has consistently sat just outside the mainstream – promising, but not quite familiar behaviour. That may finally be about […]
From Compliance to Competitive Advantage: Lessons from Building Open Banking at Scale
Simon Lyons of obconnect talks to Andy Warren. Andy spent many years as the CTO of Open Banking at a top six bank. Here he expands on the tech side of the open banking world we rarely hear about. How to scale bank compliance software so that millions of people can use it every day. […]
Is Open Banking a Hygiene Factor? Why UK Banks Must Act Now
Build vs Buy: A Strategic Guide for Open Banking Solutions
Marketplaces Have A Payouts Blindspot — And It’s Hurting Them
The gig economy and creator platforms that power digital commerce depend on one critical promise: pay sellers correctly and on time. Break that promise, and talent migrates to competitors who can deliver. Yet, cases of accounts hijacked, payments redirected, and other costly gaps during transactions are growing. Why? While marketplaces have invested millions in buyer […]
Seamless CoP migration: Bringing choice and efficiency to Confirmation of Payee
Some years ago, a company called Xero disrupted the accountancy software market. With a fresh approach and cloud-first mindset, they challenged legacy providers distributing software via disks and CDs. While incumbents were focused on local installations, Xero asked a bold question: How do you move customers from physical, desktop-based software to a flexible, cloud-based solution? […]
Fighting fraud with Open Banking: Why CoP and VoP are just the beginning
Fraud is a global pandemic. We’ve all heard stories – from fake Facebook Marketplace listings to scam emails convincing staff to buy Apple gift cards “on behalf” of their boss. Fraudsters don’t follow a project plan or stick to the terms of reference. They act with agility, persistence, and creativity. It’s time we accept an […]
Why Verification of Payee is essential in modern banking
In an age where digital payments are growing exponentially, so too is the risk of fraud. APP scams are global, transcending borders and the cost of those scam losses now runs in to the billions. Away from fraud, one simple error — like sending money to the wrong person — can cost individuals and businesses […]
How Consumers Can Benefit from Confirmation of Payee
Mistaken or fraudulent payments cost consumers millions every year, creating significant financial and emotional stress. In response to this growing issue, Confirmation of Payee (CoP) is emerging as a critical solution designed to safeguard individuals from these costly errors.
The Future of Confirmation of Payee in Open Banking
Explore the future of Confirmation of Payee in Open Banking. Learn how it benefits financial institutions by enhancing data security, consumer protection, and fraud prevention.