Moneyhub has recently announced that it has secured Payment Initiation Services Provider (PISP) authorisation from the FCA, cementing its place as a pioneer of open banking.
The authorisation puts Moneyhub one step further from Account Information Services Provider (AISP) status, and enables seamless payments as well as visibility of all financial transactions across accounts in one place.
Commenting on its new status, Moneyhub CEO Samantha Seaton: “The introduction of Open Banking has been transformative for people’s relationships with their finances but its potential is only just being realised. We are delighted that as one of the first regulated providers of Open Banking technologies, we have been at the forefront of developing payment capabilities and have now secured FCA approval as a Payment Initiation Services Provider. This means we can empower our clients to advance their customer centric propositions. Frictionless Finance has arrived.”
TMA to offer broker software through Intelliflo
TMA Club has recently announced it has entered into an agreement with Intelliflo, the UK’s leading supplier of business management software for financial advisers, insurance and mortgage brokers.
The new relationship will see all TMA Club members given the opportunity to access Intelliflo’s ‘one-stop-shop’ product intelligent office, which allows advisers to manage all client and provider data within one eco-system.
TMA senior product and business manager Rob McCoy said: “When it comes to technology, we know that our Directly Authorised members want a variety of choices and options suited to their business requirements. Most importantly they are looking to simplify the sales and record keeping process, providing them with more time to do what they do best - serving customers and fulfilling their financial planning needs.”
Charter Savings Bank raises fixed rate bonds
Charter Savings Bank is raising fixed rate bond rate again, in a bit to increase its options for savers.
The rates on its 1 year and 18 month fixed rate bonds have been increased by 0.05%. The increase means that the firm is at the top of the best buy tables with impressive rates of 2.06% AER and 2.11% AER respectively.
Furthermore, the challenger bank has launched a 2 year fixed rate cash ISA paying a competitive 1.71% AER.
Charter Savings Bank director of savings Paul Whitlock said: “Savers are looking for good service as well as simple, straightforward savings products at competitive rates and we are confident the latest changes will be popular.”
Landbay expands Midlands team with new regional account manager
Landbay, the specialist buy-to-let lender, has appointed Rob Stanton as a regional account manager for the Midlands.
Previously, Stanton was employed by Paragon as a senior underwriter and a regional manager working with intermediaries.
Commenting on the appointment, Landbay managing director of intermediaries said: “Rob’s expertise and experience will strengthen our regional proposition, and help us continue to deliver excellence to our brokers. The business is going from strength to strength, with record lending volumes each month and expectations of profitability in the next quarter. The expansion of our team reflects this success and should accelerate our growth further in the coming months.”
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