Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

Covid-19 pushes back Canada's open banking review

Canada is putting the latest stage of its Open Banking review on ice because of the Covid-19 pandemic, according to reports.

07 May 2020

News/payments

Open Banking player LuxHub secures EUR7.4m from founder banks

Luxembourg-based open banking startup LuxHub has raised EUR7.4 million from its founder banks - Banque Raiffeisen, BGL BNP Paribas, Post Luxembourg, and Spuerkeess.

05 May 2020

News/identity

Digital ID player ForgeRock raises $93.5m

Digital identity outfit ForgeRock has raised $93.5 million in a Series E funding round led by Riverwood Capital.

21 April 2020

News/startups

Visa invests in Railsbank

London-based open banking and regtech platform Railsbank has topped up its Series A funding round with investments from Visa and Japanese VC Global Brain.

08 April 2020

News/payments

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

30 March 2020

News/covid-19

Self-isolating fintech coders build app to support 5m freelancers over Covid-19 income loss

A team of self-isolating entrepreneurs from London's fintech sector have built a proof of concept which aims to support the UK’s five million self-employed in the Covid-19 economic crisis.

24 March 2020

News/Open banking

Barclays app now lets customers make payments from accounts with other banks

In a UK high street first, Barclays now lets customers make payments from current accounts held with other banks from within its app.

11 March 2020

News/regulation

Transformative regulation finds its feet in 2020

The true benefits and complexities of transformative regulation across financial services is set to become reality in 2020, as firms work to prepare and implement systems to meet compliance standards while maintaining a competitive edge.

06 March 2020

News/Open banking

Nationwide delays business banking account launch

Nationwide Building Society has put back the launch of its business account to later in the year as it continues testing of its mobile app and builds an Open Banking-powered switching tool.

03 March 2020

News/Open banking

Quality over quantity: A vital motto for Open Banking expansion

Notching up eye-watering numbers of APIs is not a valuable metric for success. A creeping, deep-rooted growth strategy is vital for successful expansion in Open Banking says Rune Mai, CEO and co-founder of Nordic API Gateway.

26 February 2020

News/sustainable

How to apply lessons learned from Open Banking to Sustainable Finance

While Open Banking initiatives are being drip fed by regulators across the world, it is evident that this shift must not be considered merely a regulatory change: it is a global movement that will shape the future of the financial services industry.

24 February 2020

News/cloud

Success in the cloud: Strategic insights and best practices

The cloud is now the new normal and financial institutions are harnessing and deriving value from the massive amount of data that they possess. Finextra Research’s latest report in association with Amazon Web Services highlights that technology needs to be adopted as quickly, easily and cost-effectively as possible, for scale and flexibility.

21 February 2020

News/regulation

FCA flags regulatory gaps and IT outages as key areas of focus

In its annual Sector Views report, the UK's Financial Conduct Authority warns of the growing risks to consumers in the retail banking and payments sector, as regulatory protection struggles to keep pace with technology-driven innovation and incumbents grapple with legacy limitations.

19 February 2020

News/inclusion

JP Morgan acts as a Catalyst for financial inclusion

Finextra interviews Boston-based accelerator Catalyst Fund about JPMorgan's recent investment in its goal to boost financial inclusion across emerging markets.

17 February 2020

News/Open banking

JPMorgan Chase gives fintechs data access deal deadline

JPMorgan Chase has sent fintechs a letter warning that they will be cut off from retrieving customer information unless they sign up to a new data access agreement, according to Reuters.

14 February 2020

News/Open banking

Revolut rolls out Open Banking tool

Revolut has launched an Open Banking feature, giving UK customers the ability to see their bank accounts from other providers from within the challenger's app.

11 February 2020

News/startups

How analytics can help expand market share and generate revenue

Fintech players have captured the marketplace with efficient customer experience and proven that mass-market growth is achievable, without branches and with mobile-based applications. What sets new financial entrants apart is that they are adaptable and can provide customers with financial advice in a way that suits them.

31 January 2020

News/Open banking

Standard Chartered enters partnership with Bahrain Fintech Bay

Standard Chartered has formed an alliance with Bahrain Fintech Bay to keep tabs on innovative startups operating in the Greater Middle East.

27 January 2020

News/regulation

Regulators are focusing on data privacy and identity: What should banks do next?

California’s pioneering Consumer Protection and Privacy Act (CCPA), the first comprehensive consumer privacy law passed in the United States, went into force on January 1, 2020 but some of the law’s implications are already emerging.

23 January 2020

News/startups

How to build defences to accelerate innovation and generate revenue

The total value of global fintech deals in the first six months of 2019 was $22 billion. While this figure may seem staggering, when compared to $31.2 billion in the same period the year before, this is a steep decline of 29%.

14 January 2020