CFIT introduces ‘Open Finance Coalition’ and debuts founding members


Share post:

The founding members of the “Open Finance Coalition,” which the Centre for Finance, Innovation and Technology (CFIT) has announced, will work together to demonstrate the value of financial data for SME and consumer outcomes.

In order to unlock the GBP 1.5 trillion now kept in SME bank accounts, CFIT is collaborating with SMEs with the ultimate goal of granting them more access to and control over their data. Similar challenges are faced by consumers.

Although CFIT is aiming for a six-month schedule for its debut Open Finance Coalition, it anticipates that its coalitions will last anywhere from six to twelve months. To address the issues of scaling solutions and generating economic advantages, the company seeks to bring together banks, Big Tech, data providers, fintechs, and politicians.

Read More: CFIT launches ‘Open Finance Coalition’ and unveils founding members

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


Please enter your comment!
Please enter your name here


Related articles

TerraPay appoints Ruben Salazar Genovez, former Head of Visa Direct, as President

TerraPay, a global money movement company, is pleased to announce the appointment of Ruben Salazar Genovez, recently the...

Crif launches ESG analytics tool for UK banks

ESG Analytics from CRIF, a provider of consumer and business credit information and a key global player in...

Pulsate raises USD 7.7 million in its Series A funding round

Pulsate, a mobile-first customer engagement platform for community financial institutions, has secured USD 7.7 million in funding. Pulsate's platform...

Revenir AI, a FinTech firm, launches hassle-free mobile VAT reclaim for travelers

Revenir AI, a UK FinTech startup, has developed a white-label app for banks that allows travelers to automatically...