Adam Clarke

UK Government has issued a Smart Data Roadmap. https://lnkd.in/eE5b_iKV: This builds upon the UK's Open Banking initiative that has now c330 innovative apps https://lnkd.in/e6JvYvFR and Transport for London Open Data Feeds https://lnkd.in/eFGvZB-i The Roadmap is to further extend API provision of data in Banking, Finance, Energy and Road Fuels, Telecommunications, Transport, Retail and Home Buying. #govtech #Opendata

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Otto Benz, Payments Director, discusses the evolution of Nationwide Building Society's journey with Form3. From FPS implementation to multi-cloud and the importance of tackling fraud. He tells all👇 #paymentsplatform #cloudnative #fintech #banking #financialservices

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The question of when—and how—to modernise is something we talk with a lot of major banks about. Modernisation ≠ ❌ An overnight shift to microservices ❌ The sudden introduction of Tribes and Guilds ❌ Gutting non-production environments and continuously deploying code It’s about finding your own path forward. Find out how banks like Komerční banka and alt.bank have modernised safely and securely using feature flags as a lever. https://lnkd.in/gpw8i6fB #flagsmith #featureflags #opensource #softwaredevelopment #banking #finance

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New Report Indicates UK SMEs Are Optimistic About the Future Corin Camenisch, Product Marketing Lead at SumUp commented on the survey: “As champions for small merchants, we conducted this survey to discover the confidence levels of small business owners and decision makers in the UK to better understand the challenges they face, gauge their optimism about their future, and identify areas where support for SMEs might be needed. “Overall, confidence levels of small business owners and decision makers across the UK are high. This positive outlook suggests that small merchants are prepared to navigate potential uncertainties and continue to thrive. “We have provided tips off the back of our findings for those just starting out in business, or who are looking to deal with unexpected market fluctuations on our full campaign page.” https://lnkd.in/e975UtrF #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Fintilect has been officially launched today, enabling regional and global financial services institutions to deliver one of the most advanced hyper-personalized, AI-driven digital banking experiences available in the market today. Read more here: https://lnkd.in/eK458ZuU #AI #DigitalIdentity #fintech #digitalbanking

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👏 Firstly, well done to doqit this news is nothing more than deserved. Anyone not familiar with doqit, it is an app which helps people deal with their life admin, streamlining and storing all your important information in one place. It is definitely worth checking out. It was a pleasure to help in a small way by looking at the synthetic data from Smart Data Foundry and FinTech Scotland and to gain insight into the power of open banking and other financial data. As this award for doqit shows, this data can be used not just for direct financial decision-making and support, but also so many other aspects of life including life admin and supporting an ageing population. Combining this data with the power of Ai and the existing tools within doqit is hugely powerful. Catherine Ann Reid needs to shout about this award from the rooftops! It is not just a competition win, but a validation of what Catherine-Anne is creating. 🎉 Great to have positive news for a Monday post! #doqit #data #ai #bigdata #openbanking ________ I am Matt, at Veribli we offer smart RFID technology and a platform that allows you to control and automate your production, track your assets, create smart products and build, direct long-lasting relationships with your customers and enabling a circular ecosystem. At Axsi Systems Ltd we track health & safety tasks & inspections for cleanliness, HACCP, fire doors, construction sites and much more. 📧 [email protected] 📲 01482 455855

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SEPA is currently running around a year behind the ISO 20022 deadlines. But as soon as ISO 20022 kicks in, you’re going to have to update your SEPA processes.... That’s why we’re advising our customers to make SEPA a key part of their ISO 20022 migration process, and that includes building in new data formats like LEI, POP, and structured addresses and remittances. In today’s episode of Mastering ISO 20022, I’ll explain why we should be treating these two systems as one, and how to get started on a dual process plan. Watch more episodes here: https://okt.to/fcbIBZ

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Broken Business Savings Market Is Costing British SMEs £9 Billion a Year in Missing Interest Richard Davies, CEO of Allica Bank, said:  “There’s no question the SME savings market is broken. “The fact the SME savings penalty has got larger since we first did our research last year – while the Bank rate has reduced slightly – is a travesty many SMEs will find hard to understand. “It’s very unfair SMEs don’t get similar rates to large companies, and our research suggests big banks won’t be improving their rates for SMEs any time soon. “It’s time for something to be done to make that change, get SMEs a better deal and release billions of pounds into the real economy.” https://lnkd.in/eqAmuVCf Chloe Fenton (née Vaidya) Georgie Burks Joe Jones James Heath Ravneet Shah Conrad Ford Mitch (Munish) Trehan Nick Baker #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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SwiftCloud's PO Authorisation module offers businesses the opportunity to review and authorise orders placed through SwiftCloud. Parameters can be placed so orders over a set value have to be accepted by a chosen authoriser(s) before they are processed. This is ideal for businesses who only insist on large value orders being authorised by management as opposed to every order. Read more here: https://lnkd.in/ekCezxr6

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Half of Firms Cite Cost of Maintaining Legacy Systems as Main Reason for Overspending Endava CEO John Cotterell commented: “To navigate the fast-changing markets in the era of AI, companies must modernise their core systems and address outdated legacy structures. As we advance towards AI-driven business transformation, core modernisation is a foundational step.” SK Mohapatra Sanjib Mohapatra Enterprise IT World Enterprise IT World MEA Enterprise IT APJ SMEChannels Channel 360 MEA CIOtv https://lnkd.in/gxeA25Y5

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The National Payments Vision for FinTech ⭐ We have submitted our input to HM Treasury as part of its work on developing a National Payments Vision (NPV), which is due to be published by the summer. We outline why the NPV needs to set out an ambitious agenda to help deliver the next generation of payment experiences for merchants and consumers, building on the successful innovation and competition that FinTech has helped bring about. The UK should be the world leader in digital wallet payments, with a digital payments ecosystem that supports and enables a diversity of payment methods and providers, underpinned by competition where the consumer has choice and control and can easily use different payment systems, methods and providers with ease and with confidence in an equivalent level of consumer protection. This trusted, competitive, digital, interoperable ecosystem can enable: - Improved productivity for UK merchants and businesses - Better outcomes for customers and citizens  - Increased  growth and inward investment for the UK payments industry  - Greater strategic autonomy and resilience for the UK economy and society   Our paper examines FinTech’s role in the payments landscape, how the government can implement, deliver and review the NPV’s progress, and key aims that the NPV should include to support the FinTech sector, such as: ⚙️ Account to Account payment method: The NPV should prioritise the development of a new major payment method to compete with card payments, powered by Open Banking.  📜 Regulatory support for innovation and competition: Deliver a regulatory framework that allows different digital payment methods to compete on a level playing field. 🏗️ National Payments Architecture (NPA): A recommitment to deliver NPA and its strategic objectives, with a clear roadmap and timeline for implementation, and an ambition that is cloud-native. 🌍 Interoperability: The NPV should set out a roadmap for working towards interoperable payment systems, domestically and globally. See link to the report 👉 https://lnkd.in/eAinjhYg #FinTech #InnovateFinance #DigitalPayments #FutureofPaymentsReview #NationalPaymentsVision #Paymentstrategy #UKFinTech #Payments Paul Worthington | Adam Jackson | Jago Corry

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With the PSD3 regulation expected to come into effect in the next two years, our Chief Product Officer, Andy Wiggan, contributed to a FinTech Magazine article looking back at Open Banking since its introduction in 2018. 📄 Read the full article here: https://lnkd.in/gDYYewB2 #openbanking #PSD3

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We are delighted to launch v4.0 of the Open Banking Standard which has been developed in collaboration with the ecosystem. Updates will support the future development of #OpenBanking and deliver further benefits to end-users. Find out more >> https://lnkd.in/ec_2yJTm #OpenBankingStandard #FAPI #ISO20022 #TechInnovation #Fintech #Innovation #DigitalInnovation

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The Competition and Markets Authority (CMA) has announced the completion of its Open Banking Roadmap unlocking a new era of financial innovation. Ben Beecroft, Head of Monitoring at OBL comments Read more here >> https://lnkd.in/eZSAKjvJ #OpenBanking #SmartData #OpenFinance #Innovation #DigitalInnovation #TechInnovation #Payments #VRPs Financial Conduct Authority | HM Treasury | Payment Systems Regulator

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The impressive uptake of Open Banking looks rather modest when compared with the exponential adoption of Artificial Intelligence. Here in the UK, Open Banking has undergone rapid growth since launching in 2018. Officially, there are now ten million Open Banking users in Britain. Yet when the Large Language Model (LLM), ChatGPT launched at the end of 2022, it achieved 100 million monthly active users in just two months to become the fastest-growing consumer application in history. The potential annual value of AI and analytics for global banking is forecast to soar as high as $1 trillion. Accenture research has shown that 90% of all working hours in the banking industry will be impacted by LLMs and predicted that half of all work time in the sector could be automated. As the AI revolution gathers pace, we will also move from Open Banking into Open Finance and beyond, with vast new sources of rich data enabling pioneers to build innovative services which will enhance the digital lives of billions. Together, Open Finance and AI will unlock growth on a vast scale and enable financial services firms as well as businesses in many other sectors to deliver truly customer-centric propositions built around insights and predictions informed by real-time data. This red-hot-relevant podcast hosts a panel of experts who explore the future of AI and Open Finance. They discuss: ⭐️Opportunities and innovative use cases which leverage AI in an Open Finance context ⭐️Why AI will drive ROI for Open Finance pioneers ⭐️The regulatory landscape and the question of whether we need new rules to govern AI ⭐️How to keep your job in the era of automation – and how to use it to enhance your own productivity. Listen on Spotify now: https://lnkd.in/eZi3RZHY William Shaw Karen Wall Michael Charles Borrelli Suzanne Homewood Natalie Simpson J.P. Morgan Bloomberg AI & Partners Moneyhub

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ColCap UK and Molo Complete £300 Million Securitisation ColCap UK’s Treasurer, Paolo Tanca, commented, “This deal represents a significant milestone for us, showcasing our ability to structure and execute successful RMBS transactions in the UK market. We are excited about the opportunities for future growth and expansion.” Esther Morley Matthew Kimber https://lnkd.in/eyBXKnyR #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Technology should always be an enabler for transformation - just throwing technology (now matter how shiny it is) at a problem won't actually transform anything....... https://lnkd.in/euCEG6V4

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