Open banking

445 articles tagged with this keyword

/retail

UK open banking sector faces sink or swim moment

The UK's open banking sector has created 4800 jobs and is valued at £4.1 billion, according to research conducted by the Coalition for a Digital Economy (Coadec), which nonetheless cautions that industry is at a "vital crossroads".

/payments

Japanese VCs join €3 million growth round in Sweden's Open Payments

Swedish fintech Open Payments has closed a €3 million growth round led by Industrifonden with support from Japan's Sony Financial Ventures and Global Brain and existing investors.

/payments

NextGen Nordics 2023: Speakers announced!

NextGen Nordics will return to Stockholm on 25 April 2023, and we will be welcoming a range of speakers who will discuss topics such as P27, cross border payments, open banking, BNPL, CBDCs, digital assets and Web 3.0.

/startups

Smart money app Snoop explores sale - Sky

Snoop, the money-saving app founded by former Virgin Money boss Jayne-Anne Gadhia, has called in bankers to explore a possible sale, according to Sky News.

/payments

Nigeria's central bank releases PSD2-style open banking legislation

The Central Bank of Nigeria (CBN) has approved operational guidelines on open banking this week, becoming the first country in the African region to adopt open banking regulations.

/regulation

Open finance prioritised in UK’s new Data Protection and Innovation Bill

The UK’s Department for Science, Innovation, and Technology has proposed a revised version of the Data Protection and Digital Innovation Bill.

/startups

BaaS platform Synctera makes Canadian play

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

/identity

LSEG signs for Mastercard Open Banking tech

London Stock Exchange Group-owned Giact has enlisted Mastercard's Open Banking capabilities to provide a secure account verification offering for its customers.

/payments

Weavr acquires Comma to combine embedded and open banking

Weavr, the London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has acquired B2B Open Banking platform, Comma Payments.

/cloud

Starling on scalability and being cut from the cloud

Finextra spoke with Starling Bank to understand how being ‘born in the cloud’ allows them to accelerate development and scale-up at a fast pace.

/retail

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

Fintech industry body Innovate Finance has called on regulators to extend open banking to support the deployment of budgeting and affordability algorithms as a way to help Brits with the cost-of-living crisis.

/retail

NatWest and NAB compare UK and Oz open banking regimes

Australia should consider a purpose-built open banking implementation entity modelled on the UK's OBIE to ensure effective collaboration between the industry and regulators, according to a white paper from NatWest and NAB.

/retail

Ikea investment arm pumps €9 million into DirectID

UK-based credit scoring and risk decisioning platform DirectID has secured a €9 million investment from Ikea venture arm Ingka Investments.

/retail

UK open banking users swell to seven million

The number of consumers and SMEs actively using open banking powered services in the UK has reached seven million for the first time.

/payments

FCA grants UK e-money license to Payoneer

Cross-border payments firm, Payoneer, has gained its Electronic Money License (EMI) with approval from the Financial Conduct Authority (FCA).

/crypto

UAE to build CBDC and card scheme

The United Arab Emirates is planning to launch a CBDC and domestic card scheme as part of a wide-ranging financial infrastructure transformation programme.

/retail

Canadian SMEs keen on open banking

As Canada prepares an open banking regime, the country's small businesses are ready to seize the opportunity, according to a Mastercard survey.

/regulation

FinTech Australia says ING systems upgrade may breach open banking rules

Fintech Australia and the Financial Data and Technology Association (FDATA) are calling on Australia's competition watchdog to intervene in ING Bank's planned upgrade to an Open Banking-related system.

/payments

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on the 25th of April.

/retail

Zopa Bank raises £75 million to boost growth

Zopa Bank has received £75 million in funding to support its next phase of growth in the UK.