Activist investor Elliott Management has urged BP to boost its free cash flow to $20 billion by 2027 from around $8 billion last year through significant spending cuts and cost reductions, a source familiar with the situation said on Tuesday.

Activist investor Elliott Management is pushing oil and gas giant BP PLC (BP) to increase its annual free cash flow to $20 billion by 2027

The growth of digital payments, coupled with the U.S.'s new open banking framework, may finally move the needle for an alternative form of credit decisioning.