October 18, 2021
VRPs: the next frontier of open banking payments
Variable Recurring Payments (VRPs) are the next big development for open banking in the UK. Last year, the UK’s Open Banking Implementation Entity (OBIE) released its consultations on...
September 21, 2021
Q2 and Plaid Partner to Provide Better Digital Banking Capabilities to Hundreds of Banks and Credit Unions
Plaid and Q2 both strive to deliver best-in-class digital experiences. Together, we’re launching a strategic partnership to provide Q2 customers with access to a range of new digital...
June 08, 2021
Mythbusting: consumer protection and PIS payments
The revised payment service directive (PSD2) is quickly transforming the financial services industry, giving consumers more options than ever before for how they pay. The newest choice,...
June 02, 2021
Obstacles be gone: Open Banking and the possibility of a smooth customer journey for financial services in Europe
No one has ever said “I’d love to have a few more obstacles in my financial life.” The Netherlands has a history of constantly removing those obstacles,from inventing...
April 30, 2021
How to make re-authentication better: our response to the FCA’s consultation
90-day reauthentication, is it actually going away? Maybe! Check out our latest blog to see our response to the FCA’s consultation and how we plan to own 90-day...
April 14, 2021
Our response to future oversight of the CMA’s open banking remedies
The Competition and Markets Authority’s (CMA) open banking remedies have been a driving force behind the development and growing use of open banking within the UK. Now as...
March 04, 2021
Introducing Plaid Income: Delivering easier and faster income verification
Income, a new product currently in beta, makes it easier for applicants to prove their income in order to secure loans, qualify for mortgages, rent apartments, lease vehicles,...
February 25, 2021
Misconceptions of authentication and authorisation: why 90-day reauthentication does not work
Under PSD2, the concepts of access and consent are legally captured by authorisation and authentication; however, they only work as intended when the consumer first connects their payment...
December 04, 2020
OBIE consultations on VRPs and sweeping
On 9 November 2020, the UK’s Open Banking Implementation Entity (OBIE) released its consultations on Variable Recurring Payments (VRPs) and Sweeping . PSD2 and Open Banking have...
October 28, 2020
A call to action for fintech
After much anticipation , last week the Consumer Financial Protection Bureau (CFPB) released their Advanced Notice of Proposed Rulemaking (ANPR) on Dodd-Frank Section 1033. This announcement is...
October 23, 2020
Our response to HMT’s Payment Landscape Review Call for Evidence
The payments landscape in the UK has changed drastically over the last few years with the introduction of PSD2 and Open Banking. As the UK government undertakes a...
October 07, 2020
Building a better future for UK savers
There’s no financial sector in the UK in greater need of innovation than pensions. Every working individual in the union is automatically enrolled in a pension scheme, making...
September 11, 2020
FCA registration and how Plaid can help
In January of 2018, the revised Payment Services Directive (PSD2) went into effect across the UK and Europe. This opened up the banking industry to new players, promoting...
September 04, 2020
PSD2 and GDPR: are they enough for open finance?
2018 was a milestone year for data regulation in the UK and Europe, with the implementation of both the revised Payment Services Directive (PSD2) and the General Data...
June 10, 2020
Open finance and the future of digital financial services
It’s only been a few years since the introduction of Open Banking and PSD2, but in Europe and the UK policy makers are already beginning to explore what...