News

Yes — open banking is entirely legal in the UK, mandated by the CMA in 2016 and governed by the Payment Services Regulations 2017. Find out who regulates it and your rights.

Allpay on your bank statement is a payment to a housing association or local authority collected via allpay Limited. Find out what allpay is and how to check which organisation charged you.

To stop a GoCardless payment, cancel the Direct Debit mandate through your bank. Under the UK Direct Debit Guarantee, your bank must act immediately. Here’s how.

Yes — NatWest Group includes NatWest Markets for institutional clients and NatWest Invest for retail customers. Find out how to invest with NatWest and what the minimum investment is.

A TPP (Third Party Provider) in banking is an FCA-regulated company that accesses your bank data or initiates payments via open banking APIs. Learn about AISPs, PISPs, and your rights.

Digital banks like Monzo, Starling, and Monese have lower approval barriers than high-street banks. Learn which UK accounts are easiest to open and how open banking helps.

Yes — Creditspring uses open banking to assess affordability for loan applicants. Find out how Creditspring works and what data it accesses via open banking APIs.

oohMoolah is a UK cashback and rewards platform. Learn how to verify cashback sites, how open banking is being used in rewards apps, and which platforms are most trusted.

Insolvency in the UK occurs when debts cannot be repaid. Learn about IVAs, DROs, and bankruptcy, and how open banking is used in affordability assessments.

Yolt closed its consumer app in 2022. ING refocused on Yolt Technology Services (YTS), which was later acquired by Tarabut Gateway in 2023. Here’s the full story.