Banking

The EU has made no secret of the fact that it wants a European payment solution as an alternative to the US-based Visa and Mastercard.Open banking can be that digitally-native alternative, the foundation for real-time cross-border payments in Europe.But, to truly compete with cards, open banking needs banks to recognise it as a key driver of revenue, innovation, and customer satisfaction.Article continues after advert After five years of PSD2, we can look back to understand what worked, what did not work, and how to move forward. Five years ago today, the...

FTSE 100 Rises as Miners, Banks, Taylor Wimpey Gain 0922 GMT - The FTSE 100 Index rises 0.6%, or 47 points to 7841 as gains for mining and financial stocks and Taylor Wimpey offset losses for tobacco and packaging shares. Glencore, Antofagasta, BHP and Rio Tinto advance after mostly upbeat overnight trading in Asia. NatWest, Abrdn, HSBC, Lloyds Banking Group, Admiral, Standard Chartered and Prudential are also among the biggest top-flight risers. Meanwhile, Taylor Wimpey edges 0.3% higher after the U.K. house-builder said in an end-of-year statement that 2022 met...