fintech digest
Shaping the future of finance through open banking & more
Research Team
5 April 2024
Shaping the Future of Finance Through Open Banking
Open banking and open finance promise significant benefits for consumers and businesses alike. But what do firms need to do to ensure they make the most of the next future of finance?
New de-banking figures show more than 140,000 business accounts closed by major banks
Ahead of the final session of the Treasury Committee’s inquiry into whether SMEs have adequate access to financing, the Committee has published data showing 2.7% of accounts held by small businesses have been closed by their banks in the last year.
Consumer Loyalty to Banks Declines
JD Power’s new report has revealed consumer trust in retail banks has continued to decline over the past two years, which has led to decreased customer loyalty.
London Stock Exchange eyes crypto ETN listings in late May
The London Stock Exchange is looking to list crypto exchange traded notes (ETNs) by the end of May following an updated stance by the UK Financial Conduct Authority (FCA).