Tom Brewin

Open banking was covered widely at this week's Labour Party Conference, with widespread recognition of its critical role in powering UK economic growth and innovation. A standout moment was our Policy Director, Luke Ryder joining a fintech panel alongside Luke Charters MP, TrueLayer’s Megan Coulson, Financial Conduct Authority's Sacha Sadan, and Startup Coalition’s Charlie Mercer. The discussion explored: ✅ The journey OBL is supporting with industry and regulators to secure a long-term framework for open banking; ✅ How we can accelerate progress towards Open Finance to unlock benefits for consumers, businesses and the wider economy; ✅ The growing collaboration across the ecosystem to make this vision a reality. We were also pleased to participate in Innovate Finance and EY’s roundtable on Tech’s Plan for Change, where open banking was highlighted as a prime example of UK-led innovation. Attendees welcomed the move towards a sustainable, long-term model that supports the full ecosystem and enables continued growth. OBL remains committed to working with industry, policymakers, regulators, and consumer and business representatives to support this flourishing UK sector and ensure open banking continues to play a pivotal role in driving inclusive economic growth. #OpenBanking #OpenFinance #Innovation #FinTech #FutureOfFinance #Innovation #DigitalInnovation #TechInnovation The Labour Party

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Monzo Bank has become the latest bank to join the MTD goldrush as the digital bank announces that sole traders and landlords will be able to file taxes directly to HMRC from their business bank account without the need for separate software. The filing tool, provided via a partnership with Sage Embedded services, supports the quarterly MTD submissions and end-of-year returns, starting from the 2026/2027 tax year. Monzo joins the likes of NatWest Group, Starling and Tide in the race to attract business bank accounts -- a recommended step in the MTD process. Full story in the comments below 👇

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Big news 🥁🥁 Sending money just got even better 🚀 We’re excited to announce our partnership with Clear Junction to power faster, easier cross-border payments for enterprise businesses, now available through Swap, our currency exchange platform built in partnership with Wema Bank Plc. and Kadavra BDC. What does this mean for your business? ✅ Faster local and international transfers ✅ More competitive exchange rates ✅ Simplified USD, EUR, and GBP collections ✅ Seamless payments from Africa to the UK and Europe For enterprises that need speed, scale, and reliability, this partnership is transforming how money moves so you get better value, every single time. Visit www.flutterwave.com to get started today!

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Economic growth starts with strategic investment in our strongest sectors 📈 Sarah Williams-Gardener, the Chair of FinTech Wales, explains how today's Financial Services sector plan builds on Wales' existing strengths to drive sustainable economic growth across the country. This is about more than financial services – it's about creating the high-value jobs and innovative businesses that will power Wales' economy for decades to come 🎥

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💡 What should PSPs know about getting started when it comes to safeguarding? In this clip, Dana El Chaer asks what advice payment service providers should keep in mind if they haven’t yet started the safeguarding process — and Simon Grant (Bennett Jones) offers some clear next steps. Cameron Byrne (Purves Redmond Limited) then breaks down what the underwriting process typically looks like for companies exploring insurance solutions. Watch the full webinar: https://lnkd.in/g9jii-xy #Safeguarding #PSP #Compliance #RPAA #CanadianFintech

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We’ve just launched a series of financial inclusion indicators, designed to improve understanding of how well the financial system is serving the diverse needs of our communities and how it evolves over time. When people are excluded from financial services, it can limit their ability to participate in the economy and ultimately their wellbeing. Our indicators are part of our efforts to understand and track how the financial system is serving New Zealanders. Read more: https://lnkd.in/gzw4YV9F

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If you ever question why collaboration pays, look at this result: advocacy groups from the #payments industry including UK Finance and The Payments Association have prevented well-meaning but disproportionate regulators from imposing 'creative' but what would have been seriously damaging changes to safeguarding regulations in the UK. The team at Travers Smith led by Natalie Lewis and Matt Humphreys highlight this outcome in their article, explaining how the changes being made will mean EMIs and PIs can continue to compete on a level playing field. World class collaboration. Riccardo Tordera-Ricchi Robert Courtneidge Mitch (Munish) Trehan Neil Harris Jana Mackintosh Nuala Jackson Sophie Boissier Ben Agnew Tom Brewin https://lnkd.in/evjedX7H

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Having spent a long time working for a large tech firm, and frequently facing the innovators dilemma as a result, it’s interesting to reflect on the dilemma facing central and commercial banks as regards digital money. This came home to me at today's excellent Bank of England's Payments Innovation conference during a BIS presentation on Project Agora, where correspondent banking is being transformed by 7 central banks, 40+ commercial banks and 5 currencies, using a shared universal ledger. A great question from the audience: “If you have a universal ledger why do you need correspondent banking?” This is spot on, central banks and incumbent commercial banks have a motivation to transform (re-plumb) the existing model rather than build an entirely new model (with the potential cannabilisation and innovators dilemma risks). Whilst Agora is to be applauded and will doubtless move the industry forward, it’s not yet addressing the bigger opportunity which the fast evolving stablecoin and TMMF developments are accelerating towards.. Tony McLaughlin Lee McNabb Peter Left Ryan Hayward John O'Neill #stablecoins #tokenization #digital assets

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