In this post I'll outline how to plan your Open Banking project, and ask is Open Banking ready, is your business ready, and most importantly are your customers ready.

The OBIE in the UK publishes a monthly report on the Open Banking ecosystem, regulated entities and providers. This is a great source of information on adoption, and the Open Banking February Highlights provides stats on the number of successful API calls having risen from 280.5 million to 321.3 million (December 2019 to January 2020).

Artificial Intelligence is transforming the way we bank. Fintech companies and start-ups are causing a revolution within the lending world, and as the ever-growing importance of data analysis for making informed business decisions increases, so does the demand for artificial intelligence and automation in modern business.

We are thrilled to be participating in Data Pitch, an open innovation programme that helps start-ups and SMEs innovate with data. On the Data Pitch Accelerator, Luna Connect applied machine learning models to automate lending for SMEs across the UK and Ireland, therefore providing quicker lending decisions.

Silicon Republic: Our Start-up of the Week is Luna Connect, a digital platform for lenders that makes it easier to provide loans online

"Luna Connect reduces origination and processing costs and risk for the lenders while providing a better experience for borrowers

with quicker decisions and improved customer service"