Today, ilumoni announces that it has been granted direct Account Information Service Provider (AISP) authorisation with the Financial Conduct Authority.
Gary Wigglesworth, ilumoni CEO, said, “This is an important step forward in ilumoni’s development as we head towards releasing our beta product.
“We have always been able to launch to market as an Appointed Representative of our open banking partner, but as part of the FCA Innovation Hub, it was our goal to be directly authorised. That’s because we take regulatory responsibility and the ownership of direct authorisation very seriously. We never want to be anything less than completely accountable for our service to customers and direct authorisation is the ultimate demonstration of this."