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

Open banking and request to pay fintech Ordo raises £10m

UK open banking and request to pay fintech Ordo has raised £10 million in a Series A funding round led by Equinox Systems.

19 October 2022

News/devops

Sibos 2022: Open banking in the UK - it’s high time for a review

In the lead up to Sibos 2022, Finextra spoke to Dan Globerson, head of Bank of APIs at NatWest, to explore how he is leading the bank’s regulatory commitments in the UK and Europe, driving a culture of API enablement, and collaborating across the industry by establishing standards.

11 October 2022

News/payments

Adyen partners Tink for open banking payments

Dutch fintech giant Adyen is embedding technology from Tink to enable its customers to offer open banking payments.

05 October 2022

News/regulation

FCA’s amendment to the 90 day PSD2 rule comes into effect

The update will further streamline users’ ability to confirm data access for open banking services.

30 September 2022

News/retail

HSBC teams with Oracle NetSuite for embedded banking services

HSBC has integrated embedded banking services into NetSuite Accounts Payable Automation, a cloud enterprise resource planning (ERP) platform.

28 September 2022

News/startups

Open banking app Sync. goes into administration

Sync., the UK open banking app founded by a former Revolut executive, has gone into administration.

28 September 2022

News/regulation

Afme calls for level playing field in data sharing

As the European Commission prepares to share its framework for data access in financial services, a paper from Afme is stressing the need for a level playing field if data is to be shared across sectors.

27 September 2022

News/payments

Revolut adds Brazil and Mexico to global expansion

Digital bank Revolut has announced its expansion into Mexico and Brazil, with a plan to hire 250 new employees in both countries by 2025.

23 September 2022

News/retail

Fintechs form Open Finance Association

Leading fintech players including Plaid, Truelayer and Yapily have banded together to launch a not-for-profit trade association pushing open finance in the UK and EU.

22 September 2022

News/retail

TSB connects consumers to fintechs with Marketplace app

TSB Bank recently launched TSB Marketplace on their mobile app. The service will connect customers to fintechs to aid them in making informed financial decisions. Finextra spoke to head of open banking and partnerships at TSB, Aruna Bhalla, about the service and what opportunities it opens up for consumers.

02 September 2022

News/retail

ING kills off Yolt

Less than a year after shutting down its consumer-facing smart money app, ING-backed Yolt is set to close completely, shuttering its business-to-business open banking operations.

30 August 2022

News/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

30 August 2022

News/payments

HSBC debuts variable recurring payments for open banking customers

HSBC UK has rolled out sweeping variable recurring payments (VRP) to all its personal and business customers who use open banking services.

25 August 2022

News/payments

Nationwide deploys open banking sweeping feature for new account opening

Nationwide Building Society is using open banking technology from Moneyhub to enable customers to fund new savings accounts as part of the application process.

25 August 2022

News/payments

Aussie buy-to-earn startup Hello Clever raises A$4.5m

Hello Clever, an Australian 'buy-to-earn' startup that gives shoppers real-time cashback, has raised A$4.5 million in seed funding.

24 August 2022

News/startups

Citi invests in Latin American open finance firm Belvo

Citi Ventures is the latest big name to invest in Mexico City-based open finance API platform Belvo.

23 August 2022

News/wealth

AJ Bell signs for Lloyds FundBy Bank tech

Lloyds has signed investment platform AJ Bell to its open banking-powered FundBy Bank technology.

23 August 2022

News/payments

Prometeo launches Latin America's first A2A payments platform

Prometeo Open Banking has launched what it claims is the first pan-regional Account-to-Account (A2A) payments offering in Latin America.

22 August 2022

News/retail

Revolut rolls out consumer loans in Romania

Revolut has announced that Romanian customers are able to apply for consumer loans in their local currency.

19 August 2022

News/payments

Faster Payments volumes increase by 23%– UK Finance

A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.

19 August 2022