Open banking

472 articles tagged with this keyword

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/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.

/payments

NatWest uses Open Banking for cardless e-commerce payments

NatWest has launched an open banking-based service that lets customers of multiple lenders make instant online payments to participating retailers, without the use of a debit or credit card.

/retail

Mastercard to buy Finicity for open banking push

Mastercard is accelerating its open banking strategy through the $825 million acquisition of real-time financial data aggregation service Finicity.

/retail

UniCredit embraces open banking with account aggregator

Italy's UniCredit has introduced an open banking feature that lets customers see all of their current accounts, including those held with other providers, via its online portal and mobile app.

/retail

Tink gets second PayPal investment

Swedish Open Banking platform Tink is set to take full advantage of PSD2 after expanding its partnership with PayPal to include all countries in the European Economic Area. The US payments giant is also making a second strategic investment in Tink.

/devops

Latin American open banking startup Belvo raises $10m

Mexico City-based Belvo has raised $10 million from Founders Fund and Kaszek Ventures to grow its developer-first financial API platform across Latin America.

/retail

Brazil introduces open banking

Brazil is the latest country to embrace open banking, rolling out a new regulation enabling licensed institutions to share customer data.