Finance Edge’s Weekly News Roundup - Friday 7th December

 

Welcome to our weekly news roundup featuring our edit of interesting news in the world of Open Banking this week. Want to get this sent straight to your inbox? Please click here.

 

Nail convenience and customer engagement should take care of itself…

We caught up with James Varga, CEO of The ID Co. To discuss where the value is going to come from in open banking and if customer engagement is going to be a big issue? Read the full article here: https://hubs.ly/H0fLwbg0

From neo-banks to micro-moments: Australian financial marketing trends for 2019 - via AdNews

It has been a year dominated by the exposure of malfeasance and rorts by the country's biggest financial institutions. But as the banking Royal Commission winds up, Nigel Roberts, founding partner at financial services specialist agency Yell, takes a look at what will be occupying the minds of financial marketers in 2019 as they attempt to restore credibility with consumers.Read more at: https://hubs.ly/H0fLzt10

 

Pensions dashboards: feasibility report and consultation released

- via GOV.UK

The government has finally revealed it will introduce multiple pension dashboards, starting in 2019. The DWP stated they will help to convene a delivery group, comprising of industry and government experts, to facilitate the implementation of the technology that will enable dashboards to operate. This group will be convened and stewarded by the Single Financial Guidance Body (SFGB), which will "help to ensure that industry safely and securely deliver their part in making dashboards happen". Read more here: https://hubs.ly/H0fMlvw0

 

Jirnexu banks $10m from credit giant Experian and SBI - via TECHINASIA

Funding (US$10 million) for Malaysian fintech startup Jirnexu adds to Experian venture investments in Asian financial services for the financially excluded. Read the full article here: https://hubs.ly/H0fMm3k0


Gates Foundation Supports Expansion Of An Open Mobile Banking Platform in Africa

- via Forbes

Open source technology from the Gates Foundation underpins pan-African mobile open banking platform Molawi, a joint venture between Orange and MTN Group. Read the full article here: https://hubs.ly/H0fNknR0


Open Banking will help Australian customers navigate complexity
- via Financial ReviewTreasurer Josh Frydenberg says growing complexity in financial services has made it tough for customers to compare prices and products but "open banking" will help overcome this by ensuring banks present information in a standardised, simpler way under a policy that aims to facilitate account switching and stir competition.

Read the full article here: https://hubs.ly/H0fNknR0

 

How Santander’s technology transformation allows it to improve customers’ lives - via Gigabit

Santander is undergoing a significant digital transformation in order to improve the lives of its customers and their communities. “Customers are used to using Instagram and Facebook – they’re used to instantaneous responses, so we need to be able to provide that. Our goal is to give a seamless, transparent journey to our customers” – Andy Pearson, Managing Director, Santander UK.Read it here: https://hubs.ly/H0fNm8w0