Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

US Senator requests FSOC review into risks of consumer data use

US Senator and Democratic chair of the Senate Banking Committee this week requested that the Financial Stability Oversight Council (FSOC) examine financial institutions’ use of consumer data, and the risks they pose to US financial stability.

10 June 2022

News/payments

Curve looks to VRP to bring down costs and improve services for customers

All-in-one card and financial app Curve has tapped TrueLayer to deliver automated variable recurring payments for customers.

08 June 2022

News/payments

Money 20/20 EU: Which comes first, tech or banking?

“Innovation is happening in the value add”, stated Charlotte Hogg, CEO of Europe Visa, during the opening session of Money 20/20 alongside Daniel Kjellén CEO and co-founder Tink and Karen Tso anchor CNBC.

08 June 2022

News/retail

Open banking fintech Bud raises $80m

Open banking fintech Bud has raised $80 million in a Series B funding round led by an indirect affiliate of investment funds managed by TDR Capital.

07 June 2022

News/payments

Revolut partners Tink for European payments

Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their account.

07 June 2022

News/payments

EBAday 2022: Cloud is a core pillar of payments, but it’s not magic

Kicking off an afternoon of sessions at EBAday 2022 in Vienna on how technology can take payments to the next level, Patricia Hines, head of corporate banking research, Celent moderated a panel with Patrice Amann, regional business lead – EMEA financial services, Microsoft; Philipp Höfer, group product owner cash management, Raiffeisen Bank International; Jon Lloyd, head of customer success for Europe, Form3; and Steve Wright, principal commercial consultant, Lusis Payments and Consultant, Hewlett Packard Enterprise.

31 May 2022

News/payments

EBAday 2022: 71% believe the future of payments is yet to come

After two years as a virtual conference, EBAday 2022 is back in person for its seventeenth year in Vienna, Austria. The EBA and Finextra Research welcomed a host of board directors, chief executive officers, and payments and technology heads from Europe's leading banks, as well as selected fintechs to the conference.

31 May 2022

News/payments

Trustly acquires UK open banking vendor Ecospend

Swedish account-to-account payments platform Trustly has acquired UK open banking vendor Ecospend.

30 May 2022

News/payments

NatWest pioneers UK’s first ‘non-sweeping’ VRPs

Making Variable Recurring Payments (VRPs) available to businesses and consumers for ‘non-sweeping’ customer payments, NatWest has become the industry’s first firm to go beyond the requirement to offer VRPs for account sweeping.

27 May 2022

News/payments

The Credit Thing delivers first live consumer VRP transaction in the UK

Thin file lender The Credit Thing is claiming the first live consumer Variable Recurring Payments (VRP) transactions in the UK.

19 May 2022

News/payments

GoCardless wins first VRP customer

GoCardless has snagged its first Variable Recurring Payment customer, Nude, the savings app for first-time buyers.

17 May 2022

News/payments

Open banking payments firm Token seals $40 million raise

Token, an open banking platform driving the shift from card to account-to-account bank payments in Europe, has raised $40 million in a Series C funding round co-led by Cota Capital and TempoCap.

13 May 2022

News/retail

Yapily to acquire German rival finAPI

Open banking connectivity firm Yapily is to acquire German open banking provider finAPI from credit bureau Schufa.

10 May 2022

News/payments

Plaid accuses Stripe of underhanded tactics over new open banking product

Shots were fired over Twitter last night, as Plaid CEO Zachary Perret accused Stripe of dishonestly obtaining valuable information which it then leveraged to launch its new open banking product, Stripe Financial Connections.

05 May 2022

News/cloud

Temenos Community Forum 2022 theme announced

As media partner for the Temenos Community Forum, Finextra can reveal the theme for the first in-person event Temenos has held in three years.

05 May 2022

News/payments

UK BNPL unicorn Zilch prepares for US launch

Ahead of its imminent launch in the US, London based fintech Zilch has joined the Financial Technology Association (FTA) in order to prioritise innovation through responsible products and services.

04 May 2022

News/payments

EBAday 2022: Anticipating the European Commission’s PSD2 review

Open Banking is set to receive its first ‘school report’ from the European Commission this year, setting out how the second Payment Services Directive (PSD2) is performing, along with consideration of progress being made toward Open Finance.

29 April 2022

News/payments

TrueLayer unveils VRP API

TrueLayer has unveiled a recurring payments api capable of dealing with both sweeping and non-sweeping use cases.

26 April 2022

News/payments

UAE grants open banking licence to Tarabut Gateway

Tarabut Gateway, a Bahrain-based open banking platform, has been granted a licence to provide payment services to and from the Dubai International Finance Centre (DIFC).

22 April 2022

News/retail

Shawbrook offers lending discount for consumers sharing open banking data

UK specialist lender Shawbrook Bank is using Open Banking technology from ClearScore to assess the creditworthiness of potential customers and offering a discount on loans for those who share their data.

19 April 2022