Latest Open banking News: Finextra Research

Aussie startup unveils open banking-powered corporate credit card

Australian working capital startup Cape is preparing to launch a corporate credit card powered by Open Banking technology early next year.

18 September 2020

News/regulation

Open banking regtech Konsentus closes funding round

Konsentus, a UK regtech startup focused on helping financial institutions be compliant with open banking requirements, has closed a multi-million pound pre-Series A investment round led by Conviction Investment Partners.

16 September 2020

News/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

11 September 2020

News/retail

Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

18 August 2020

News/startups

Neobank for landlords Hammock raises £1 million funding

Hammock, a new neobank built specifically for landlords, has raised £1 million in seed investment from Fuel Ventures and Ascension Ventures, ahead of the planned launch of its current account in the coming weeks.

17 August 2020

News/startups

Brazilian microlending fintech SuperSim secures $5.6m funding

SuperSim, a São Paulo-based microlending startup, has secured $5.6 million in Series B funding through debt financing.

17 August 2020

News/retail

BMO builds API portal for QuickBooks data sharing

The Bank of Montreal (BMO) has developed an API portal to let small business customers easily share their data with Intuit's QuickBooks accounting software.

14 August 2020

News/retail

Big banks back Canadian launch of Financial Data Exchange

Canada's big five banks are among 31 organisations onboard for the launch of Financial Data Exchange (FDX) in the country, vowing to work together to promote Open Banking through the development of a secure, common, interoperable, flexible and royalty-free industry standard for financial data sharing.

30 July 2020

News/sustainable

Coordinating ESG solution ideation for investment and asset management

In June 2020, Finextra Research welcomed industry experts to Sustainable Finance Live, the first virtual interactive workshop to discuss how financial services firms and technology companies can achieve the UN’s Sustainable Development Goals (SDGs) by 2030.

27 July 2020

News/covid-19

UK fintech funding slows amid pandemic

The first half of 2020 has seen investment in the UK's fintech sector slow by more than a third as venture capitalists (VCs) chose to either keep hold of the money or invest in more established companies amid the global pandemic.

27 July 2020

News/startups

Revolut nets £63m from share sale

Digital banking app Revolut has netted £63m ($80m) from US private equity firm TSG Consumer Partners in its latest funding round.

27 July 2020

News/covid-19

Scaling in London during Covid-19: What to know and how to leverage it

The work has only just begun. Newfound’s inaugural Market Missions (virtual) event delved into the reality and opportunities faced by fintechs attempting to scale in the UK during Covid-19.

16 July 2020

News/startups

HSBC backs Hong Kong open banking initiative

HSBC has teamed up with Hong Kong Science and Technology Parks Corporation (HKSTP) to help startups drive open banking innovation on the island.

16 July 2020

News/people

Yolt names Nicolas Weng Kan CEO

ING-backed account aggregation platform Yolt has appointed former Google Compare and Confused.com chief Nicolas Weng Kan CEO.

10 July 2020

News/people

Railsbank arrives in the US

London-based open banking platform Railsbank has launched in the US, introducing a first-of-its-kind Credit Card as a Service (CCaaS) offering.

10 July 2020

News/startups

TSB launches bill management pilot

TSB Bank is launching a pilot for a bill management and utility switching service in partnership with white-label fintech provider ApTap.

08 July 2020

News/startups

Canadian data sharing startup Flinks closes $11m Series A

Montreal-based data aggregation startup Flinks has raised $11 million in a Series A funding round led by the VC arm of National Bank of Canada.

07 July 2020

News/startups

Industry heavyweights raise EUR45m for Italian challenger bank

A pair of veteran Italian banking executives has raised EUR45 million and taken the first steps to acquiring a license for a new digital bank for small businesses.

03 July 2020

News/regulation

Australia takes first steps towards Open Banking

Australian consumers can now choose to share their banking data with third party providers following the launch of Open Banking under the Consumer Data Right Act.

01 July 2020

News/payments

Bud launches open banking payments product

UK-based Bud has launched an open banking and PSD2 payment API designed to provide an alternative to card payments and bank transfers.

30 June 2020