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January 12 2018

“The Potential of Open Banking is Huge”, Comment from Trussle

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Ishaan Malhi, CEO and founder of the UK’s first online mortgage broker Trussle:

“Open banking has the potential to greatly improve the mortgage experience for millions of homeowners. It’s therefore a shame that a number of banks have yet to show their commitment to it, having missed the implementation deadline. We’d like to see this higher up on their agenda in a time when technology has already begun to make a massive impact in other areas, from the launch of new digital mortgage lenders to online mortgage brokers.

The potential of open banking is huge and could further improve the mortgage experience in a wide range of ways, including simplifying and speeding up the mortgage switching process. This is particularly important in eradicating switching inertia, which we know to be costing around two million UK homeowners around £10 billion a year.”

  1. Equifax and Mastercard Join Forces to Combat Payment Fraud in Latin America

    News

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  2. BlueSnap Named a Preferred Payments Partner for Zuora

    News

     Read more
  3. Abacus Group and Zero Networks Partner to Boost Network Security Across Financial Services

    Fintech

     Read more
  4. Bitget Lists GMCI Meme Index Perpetual: Capturing the Essence of Crypto’s Trending Meme Culture

    Crypto

     Read more
  5. MobiFin and INETCO Partner to Deliver Cutting-Edge Digital Banking and Payments Security

    Fintech

     Read more
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