Open banking

445 articles tagged with this keyword

/startups

Revolut chasing $1bn in fundraising - reports

UK challenger bank Revolut could be in line for a $1 billion (£750 million) capital injection which would make it one of the most valuable fintechs in Europe.

/payments

EBAday 2021: Payments innovation and the benefits cascading down the waterfall model

EBAday 2021 has flown by, and the sessions throughout day three of the event served to build on the momentum from day one and two. Another punchy strategic roundtable addressed the need for industry-wide collaboration to drive payments innovation, while two boisterous chatrooms tackled the weighty subjects of Open Banking, CBDCs and stablecoins.

/payments

EBAday 2021: Modernisation, a catalyst for payments utopia

With day two now under our belt, we are only just beginning to digest the eyewatering number of insights shared across six panel sessions, two roundtables, a lively chatroom forum and of course, non-stop networking on the EBAday platform.

/wholesale

BaaS to make a splash - survey

Banking-as-a-Service and embedded financial services are set to have a notable impact on the industry in the next 12 months, according to a global survey from Finastra.

/payments

EBAday 2021: The next chapter for Open Banking in Europe

With the payments industry in a state of post-pandemic flux, it is difficult to predict what the next iteration of Open Banking will take across Europe.

/startups

Open payments firm Volt raises $23.5m

London-based open payments gateway Volt has raised $23.5 million in a Series A funding round led by EQT Ventures.

/regulation

Governor Bailey encouraged by progress around ‘critical innovation’ of CBDC

At the launch of the Bank for International Settlements’ (BIS) fourth Innovation Hub in London, Governor Andrew Bailey expressed positivity around the work currently being carried out by the Bank of England on central bank digital currencies.

/payments

EBAday 2021: full event agenda now released

The Euro Banking Association and Finextra’s full EBAday agenda is now live, boasting a jam-packed programme throughout the virtual event from June 28-30.

/devops

Latin American open banking startup Belvo raises $43m

Mexico City-based Open Finance API platform Belvo has raised $43 million in a Series A funding round.

/payments

EBAday 2021: Request-to-Pay most useful in Customer-to-Merchant payments

Having been touted as the ‘missing piece of the instant payment puzzle,’ many are keenly interested in the potential Request-to-Pay holds for streamlining payments, improving customer experience, and optimising liquidity through better cash management and visibility.

/payments

EBAday 2021 speaker line-up released

A blockbuster speaker line-up has been announced for Finextra and the Euro Banking Association’s upcoming EBAday event for 2021.

/retail

US Bank and Plaid ink data sharing deal

US Bank has teamed up with Plaid to enable the lender's millions of customers to connect their accounts to third party apps.

/retail

First Direct taps Bud to boost app transaction data

First Direct has enlisted open banking specialist Bud to add transaction categorisation and merchant identification services to its mobile app.

/sustainable

Open data will catalyse the UK’s progress to net-zero

Data sharing is key to designing financial instruments and creating demonstrable Net Zero results, noted Gavin Starks, CEO of Icebreaker One, in a FinextraTV interview.

/payments

EBAday 2021: Driving correspondent banking success through wider adoption of instant payments

The shift toward instant payments will undoubtedly provide benefits for consumers, but it is the benefits for institutions and corporates that are likely to revolutionise financial services. However, to reap these benefits financial institutions must navigate the maze of deadlines and coinciding schemes in a proactive manner.

/payments

GoCardless launches open banking payments

GoCardless, the bank-to-bank payments fintech, has launched an open banking feature integrated directly into its global payment platform and functional across all payment models.

/payments

‘Massive’ potential for embedded finance in Europe - Solarisbank

Research by Solarisbank and the Handelsblatt Research Institute has found considerable conversion potential for e-commerce providers to offer financial services in Germany, confirming the significant opportunity embedded finance may hold across Europe.

/regulation

How regulators have catalysed collaborations and technological innovations

Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”

/regulation

Shearman & Sterling: 'Remove the straitjacket of statutory rules' for UK fintech

During a panel for UK Fintech Week 2021, Barnabas Reynolds, global head of financial services group, Shearman & Sterling emphasised that to build trust in the system and allow space for fintech innovation, that the focus of supervisory systems should be on risk and not unnecessary code or control.

/retail

Open Bank Project and API3 partner to unite banking and the blockchain

Open Bank Project (OBP) has formed a partnership with the API3 Foundation to deliver banking and open banking data oracles to the decentralised web.