Latest Open banking News: Finextra Research

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

News/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.

25 June 2020

News/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.

23 June 2020

News/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.

04 June 2020

News/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.

03 June 2020

News/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.

29 May 2020

News/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.

20 May 2020

News/payments

Will SCA delays stall Request to Pay’s momentum?

Request to Pay (R2P) services originally scheduled to launch later this year have been expected to play a major part in transforming the UK and EU’s payments ecosystem.

14 May 2020

News/startups

Danish platform Billy looking to transform accounting at SMEs

Danish accounting platform Billy is harnessing Open Banking to get access to SMEs’ data from banks and transform the way they perform their accounting.

13 May 2020

News/retail

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