Open banking

450 articles tagged with this keyword

/regulation

Big names back new Canadian fintech association

Mastercard, Square and Wise are among the members of a new not-for-profit group pushing for a "whole-of-government" approach to supporting Canada's fintech ecosystem.

/payments

Equals Group acquires open banking platform Roqqett

Equals Group, a fintech payments group outfit on the SME marketplace, is to acquire open banking platform Roqqett for a total consideration of up to £2.25 million.

/retail

Atom Bank raises £30m; pushes back IPO

BBVA, Toscafund, and Infinity Investment Partners have agreed to invest £30 million in Atom Bank as the UK digital lender readies itself for a 2024 initial public offering.

/payments

Atoa raises $2.2m to take on Visa and Mastercard

Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $2.2 million in a pre-seed funding round.

/payments

NextGen Nordics 2023 agenda announced

NextGen Nordics will return on 25th April 2023 to Stockholm, Sweden and the timing of this event could not be better placed.

/crypto

Coinbase enables instant deposits with TrueLayer

Coinbase has tapped open banking technology from TrueLayer to deliver real-time instant deposits to UK users.

/people

Tink recruits JPMorgan payments expert Andrew Boyajian as VRP head

Tink has recruited Andrew Boyajian, former head of emerging payments and fintechs at JPMorgan, to lead its variable recurring payments unit in the UK.

/retail

Klarna launches open banking 'autopilot'

Klarna's open banking unit, Klarna Kosma, has unveiled an initiative to help startups develop Proofs of Concepts in the e-commerce, data analytics and fintech space.

/people

Former TrueLayer ANZ CEO launches open finance consultancy

Brenton Charnley, the former CEO of TrueLayer's Australian and New Zealand operation, has resurfaced with a consultancy startup to help businesses take advantage of open finance.

/regulation

New Zealand Government kickstarts open banking

The New Zealand Government has instructed banks to begin sharing data with competitors under a new open banking framework.

/retail

Bank monetisation of APIs represents "billions-per-year" opportunity

Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.

/payments

JP Morgan and Mastercard unveil Pay-by-Bank service

JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.

/people

CMA begins search for new chair of Open Banking entity as Crosswell steps down

Charlotte Crosswell is to step down from her role as chair and trustee of the UK's Open Banking Implementation Entity, kickstarting a reruitment process for a fresh face at the helm as the organisation transitions to a new entity, Open Banking Limited.

/retail

Saudi Arabia unveils open banking framework

Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.

/startups

Ethical lender Plend raises £40m

Plend, a UK "ethical lender" that is ditching the traditional credit system and is instead using open banking data for lending decisions, has raised £40 million in seed funding.

/devops

APImetrics, tomato pay, Finextra report finds neobank API call quality outperforms traditional banks

APImetrics, Finextra and tomato pay have released a report capturing the performance of UK open banking providers over the period July 2021 to July 2022, analysing over 17 million functional API calls.

/regulation

Money20/20 US: CFPB to finalise US open banking rule by 2024

Director of the US Consumer Financial Protection Bureau (CFPB), Rohit Chopra, took to the Money20/20 stage to outline the Bureau’s strategy toward determining regulation of open banking in the US.

/wholesale

Klarna's open banking unit boosts SME lending for Krea

Klarna Kosma, the open banking arm of BNPL giant Klarna, has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower interest rate, through a tie-up with Swedish digital lending platform Krea.

/retail

Legal & General and Lloyds Banking Group lead £35 million investment in Moneyhub

UK open finance and data platform Moneyhub has secured an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook.

/payments

Natwest forges VRP partnerships with Token, Tink and Yapily

NatWest is opening up more opportunities for variable recurring payments by forging agreements with fintechs Token, Tink and Yapily, in adition to existing arangements with TrueLayer, GoCardless and Crezco.