Fintech Insider Podcast by 11:FS
793. News: FedNow launch 15sec account verification, and the Metro Bank saga continues
Oct 16, 2023
Guests include Stephany Kirkpatrick, CEO of Orum, Mandy Beech, Director of Retail Services at Nationwide, and Uneesa Zaman, CEO of UneesaFinance. Topics discussed include Orum's account verification tool for FedNow, Metro Bank's struggles and rebranding, Nationwide's rebranding and physical branches, a new open-banking lending platform in Bahrain, Spanish banks trial a digital Euro, and US politician George Santos facing charges.
01:08:03
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Quick takeaways
- Fluse launches an open banking enabled income verification product in Bahrain, improving lending process and financial inclusion.
- Metro Bank secures a £925 million rescue deal, strengthening its capital position and aiming to move forward.
Deep dives
Fluse and Terrebot partner to launch open banking lending service in Bahrain
Fluse, a digital-first lender, has partnered with Terrebot to launch an open banking enabled income verification product in Bahrain. The product allows institutions to directly access customer income, eliminating the need for customers to submit salary certificates. This offering is a significant step in improving the lending process in the region and increasing financial inclusion. Fluse, a partnership between Mastercard and Payments International Enterprise, offers short-term personal loans without the requirement of a bank account.
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