Open banking

479 articles tagged with this keyword

/inclusion

India launches Account Aggregator system

India's big banks have taken the open banking plunge, launching an Account Aggregator (AA) data sharing system.

/retail

Mastercard expands open banking reach through Aiia acquisition

Mastercard has agreed to buy Danish open banking technology outfit Aiia. Financial terms of the deal were not disclosed.

/payments

Only 14% of UK consumers ‘completely understand’ Open Banking - Ecommpay

Ecommpay, payment service provider and card acquirer, has released new data as part of its whitepaper entitled, ‘Beyond the pandemic: The outlook for Open Banking’.

/sustainable

Worldline partners ecolytiq on CO2 footprint calculation service

Payments outfit equensWorldline has joined forces with Berlin-based fintech ecolytiq to help European banks provide their customers with data on their environmental footprints.

/startups

National Bank of Canada takes majority stake in data sharing startup Flinks

National Bank of Canada is paying C$103 million for a majority stake in Flinks, a Montreal-based data aggregation startup.

/retail

NatWest launches app to help renters spilt shared bills

NatWest has developed an app called 'Housemate' that helps renters living in shared housing split and pay their bills.

/sustainable

Acacia uses open banking to help Aussies build wealth in sustainable way

Australian startup Acacia is emerging from stealth mode with the launch of it money management app that uses open banking and data analytics to give user insights into their financial and environmental arrangements.

/retail

JP Morgan Private Capital and AmEx invest in Plaid

Open banking platform Plaid has topped up its Series D financing round with investments from JP Morgan Private Capital Growth Equity Partners and Amex Ventures.

/regulation

Canada sets 2023 target for open banking regime

Canada's government has paved the way for an open banking regime in the country by the beginning of 2023.

/payments

CMA mandates ‘Sweeping’ in big win for UK Open Banking

The Competition and Markets Authority (CMA) has ruled in favour of the Open Banking Implementation Entity’s (OBIE) recommendation to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping, injecting a further element of competition into the Open Banking market and ending years of opposition from some of the UK's biggest banks.

/payments

Danish pension fund Velliv rolls out open banking payments with Aiia

Danish pension fund Velliv has teamed up with open banking platform Aiia to let its 360,000 customers top up their pension funds instantly.

/regulation

White House encourages CFPB to roll out bank data sharing rules

President Joe Biden is encouraging the Consumer Financial Protection Bureau (CFPB) to issue rules allowing customers to download their banking data and take it with them.

/payments

P27 Nordic Payments secures merger approval from EU Commission

The European Commission today announced merger approval for the P27 Nordic Payments initiative to establish its pan-Nordic payments platform. This approval marks a significant milestone for the initiative which is working toward the creation of a common payments infrastructure across the Nordic region.

/retail

Direct Line founder backs Moneyhub

UK Open Finance platform Moneyhub has raised $18 million in a funding round led by the founder of Direct Line and Esure, Sir Peter Wood.

/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.