Latest Open banking News: Finextra Research

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.

22 August 2022

News/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.

19 August 2022

News/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.

19 August 2022

News/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.

15 August 2022

News/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.

12 August 2022

News/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.

10 August 2022

News/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.

10 August 2022

News/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.

05 August 2022

News/payments

Yapily signs Volume as first VRP customer

Open banking platform Yapily has launched its variable recurring payments (VRP) product and signed one-click payments platform Volume as it first customer.

02 August 2022

News/regulation

FCA zeroes-in on misleading investment adverts

The Financial Conduct Authority (FCA) has strengthened regulation around high-risk investment adverts targeting consumers.

01 August 2022

News/crypto

Plaid backs Gemini users for crypto purchases

Crypto exchange Gemini, has connected with open banking and payments platform Plaid, to provide UK customers with the option to buy cryptocurrency through their bank accounts.

28 July 2022

News/regulation

FCA overhauls consumer protection with new Consumer Duty

The Financial Conduct Authority (FCA) has confirmed it will roll-out the Consumer Duty, requiring banks and other financial institutions to drastically improve their consumer protection efforts over the next 12 months.

27 July 2022

News/payments

GoCardless and Plaid launch VRP offering ahead of CMA sweeping deadline

Following the Competition and Markets Authority’s mandate that the UK’s nine largest banks must support sweeping by 31st July 2022, both Plaid and GoCardless have launched a Variable Recurring Payments offering today.

26 July 2022

News/startups

Starling posts first profitable year

UK digital bank Starling has turned a £32m profit for the last financial year, marking its first full year of profitability.

21 July 2022

News/payments

Tink rolls out settlement accounts

Open banking platform Tink has rolled out settlement accounts, providing merchant customers with a full-stack payments offering that performs automated refunds, payouts, and reconciliation, alongside the Swedish firm's Payment Initiation Services.

13 July 2022

News/startups

Qori launches multi-channel pay by bank and pay by crypto tech

French startup Qori has launched, enabling Europeans to pay in store, remotely or online with their bank or crypto wallet without having to download a proprietary app.

12 July 2022

News/markets

Sonovate lands £165million deal with BNP Paribas and M&G Investments

UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding.

06 July 2022

News/payments

WeChat Pay and AliPay+ launch in Qatar

Qatar National Bank (QNB) has become the first bank in Qatar to launch mobile payment services WeChat Pay and AliPay+.

05 July 2022

News/startups

BaaS startup BKN301 raises EUR15m

BKN301, a digital payments and Banking-as-a-Service startup, has raised EUR15 million in a Series A funding round led by Abalone Group.

05 July 2022

News/payments

Paytrail and Mastercard hit monthly open banking milestone

Paytrail and Mastercard’s partnership through Aiia - an open banking platform, is now enabling more than one million open banking payments each month.

04 July 2022