Until fairly recently, consumers’ financial data has primarily been something to be hoarded and siloed. Rather than closing off this data, a new generation of solutions powered by connectivity may define the future of banking worldwide. After years and years of closed banking, open banking technology...
The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it has sent proposals to U.K. authorities, including the Treasury and the Bank of England (BoE), Reuters reported. The bank is...
Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments might be able to scrape by with outdated or aging infrastructure, this is not the case in IT — and...
Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the total number of bank account holders in the U.K., poses the question: What can be done to reach critical mass...
March 07, 2023
Bringing enterprise IT departments to the modern age to combat legacy systems from dragging an enterprise is vital to an organization’s survival. While other departments might be able to scrape by with outdated or aging infrastructure, this is not the case in IT — and assuredly not regarding financial applications. Other factors weighing on the […]
March 01, 2023
Five years after open banking became a regulatory requirement, the U.K. now claims 7 million active users. That figure, representing less than 20% of the total number of bank account...
February 14, 2023
Digital platforms and eCommerce marketplaces that operate worldwide face a host of challenges: managing payments to vendors, suppliers and freelancers; avoiding noncompliance worldwide; and dealing with delayed or missed payments....
January 31, 2023
Nearly every day, it seems, some new scheme arises that’s aiming to replace or disrupt the existing global financial services system. Online payment platforms like PayPal begat cryptocurrencies which begat...
May 15, 2025
FinTech company Bank of London is reportedly being investigated by the Bank of England’s Prudential Regulation Authority (PRA) for unspecified “historic” events and for inaccurate record-keeping, lax regulatory reporting and governance failures. The company disclosed this in financial accounts filed Wednesday (May 14), the Financial Times (FT) reported Wednesday. The financial accounts were filed seven months late, were qualified by auditors due to “inadequate historical records” about an […]
March 12, 2023
The Bank of London has offered to purchase the British operations of the collapsed Silicon Valley Bank. The clearing bank said Sunday (March 12) it has sent proposals to U.K....
June 28, 2022
The Bank of London announced Tuesday (June 28), that it will integrate SAP Fioneer’s Cloud for Banking platform (C4B) into the Bank of London API. The news sets the stage...
