Open banking

445 articles tagged with this keyword

/startups

Open banking app Sync. goes into administration

Sync., the UK open banking app founded by a former Revolut executive, has gone into administration.

/regulation

Afme calls for level playing field in data sharing

As the European Commission prepares to share its framework for data access in financial services, a paper from Afme is stressing the need for a level playing field if data is to be shared across sectors.

/payments

Revolut adds Brazil and Mexico to global expansion

Digital bank Revolut has announced its expansion into Mexico and Brazil, with a plan to hire 250 new employees in both countries by 2025.

/retail

Fintechs form Open Finance Association

Leading fintech players including Plaid, Truelayer and Yapily have banded together to launch a not-for-profit trade association pushing open finance in the UK and EU.

/retail

TSB connects consumers to fintechs with Marketplace app

TSB Bank recently launched TSB Marketplace on their mobile app. The service will connect customers to fintechs to aid them in making informed financial decisions. Finextra spoke to head of open banking and partnerships at TSB, Aruna Bhalla, about the service and what opportunities it opens up for consumers.

/retail

ING kills off Yolt

Less than a year after shutting down its consumer-facing smart money app, ING-backed Yolt is set to close completely, shuttering its business-to-business open banking operations.

/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

/payments

HSBC debuts variable recurring payments for open banking customers

HSBC UK has rolled out sweeping variable recurring payments (VRP) to all its personal and business customers who use open banking services.

/payments

Nationwide deploys open banking sweeping feature for new account opening

Nationwide Building Society is using open banking technology from Moneyhub to enable customers to fund new savings accounts as part of the application process.

/payments

Aussie buy-to-earn startup Hello Clever raises A$4.5m

Hello Clever, an Australian 'buy-to-earn' startup that gives shoppers real-time cashback, has raised A$4.5 million in seed funding.

/startups

Citi invests in Latin American open finance firm Belvo

Citi Ventures is the latest big name to invest in Mexico City-based open finance API platform Belvo.

/wealth

AJ Bell signs for Lloyds FundBy Bank tech

Lloyds has signed investment platform AJ Bell to its open banking-powered FundBy Bank technology.

/payments

Prometeo launches Latin America's first A2A payments platform

Prometeo Open Banking has launched what it claims is the first pan-regional Account-to-Account (A2A) payments offering in Latin America.

/retail

Revolut rolls out consumer loans in Romania

Revolut has announced that Romanian customers are able to apply for consumer loans in their local currency.

/payments

Faster Payments volumes increase by 23%– UK Finance

A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.

/payments

NatWest's Payit hits £1bn processed

Just two years after launch, NatWest's open banking payments tool, Payit, has hit the £1 billion in processed payments milestone.

/retail

Scotland make fintech push with event series

A series of focus group events are slated to take place across Scotland to support the country's plan to create more than 20,000 fintech-related jobs over the next decade.

/payments

Plaid deal lets Wise customers connect accounts to 6000 apps

Wise has struck an open finance agreement with Plaid that will enable the former's 13 million of customers to connect their accounts to thousands of apps.

/regulation

Working group formed to determine the future of UK open banking

UK regulatory bodies have formed a strategic working group (SWG) to map out the future of open banking.

/payments

JP Morgan rolls out cross-border liquidity product in Saudi Arabia

JP Morgan Payments has launched a cross-border liquidity solution in Saudi Arabia, allowing clients to connect to liquidity pools in London and other international cities.