Open banking

450 articles tagged with this keyword

/regulation

Saudi Arabia welcomes open banking

Bank Abilad has become the first financial institution in Saudi Arabia to offer open banking services

/regulation

CFPB warns big firms on efforts to control open banking standards

As it prepares to introduce a personal data rights rule, the Consumer Financial Protection Bureau has warned that it will not allow big banks to skew open banking standards in their favour.

/people

GoCardless to cut 17% of staff

UK payments unicorn GoCardless is to cut 17% of staff in a bid to shave 15% off its cost base and rediscover its scrappy startup energy

/payments

Open banking payments startup Atoa raises $6.5m

Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $6.5 million in seed funding round led by Peter Thiel-backed Valar Ventures.

/devops

Money20/20: Quantum and generative AI together is ‘scary’ - ING

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

/retail

Money20/20: No end game for open banking

Money20/20's annual Europe event kicked off with a stream updating the industry on the progress of open banking.

/payments

Money20/20: Flutterwave CEO on being 'in the trust business'

Ahead of Money20/20 in Amsterdam, Finextra spoke to Olugbenga 'GB' Agboola, CEO of Flutterwave, about Europe's formula for supporting the fintech industry and how to prioritise digital trust amid global unrest and uncertainty.

/retail

Standard Life partners Moneyhub for open finance integration

Standard Life is teaming up with Moneyhub to roll out an open finance-powered tool, Money Mindset, to its 1.5 million workplace pension scheme members.

/startups

Financial wellness fintech Elifinty launches

UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.

/people

Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.

/startups

FinTech Scotland doubles-down on data to invigorate fintech

Nicola Anderson, CEO of Fintech Scotland, discussed the developments at the organisation and future developments in the Scottish fintech sector.

/retail

Mastercard taps open banking for digital account opening

Mastercard has unveiled a digital account opening tool that uses open banking to integrate customer verification with identity insights into a single API.

/startups

Swedish open banking startup Kreditz raises €10 million

Swedish open banking startup Kreditz has raised €10 million from investment company Creades and the venture arm of retail furniture giant Ikea.

/payments

Payments Canada Summit: open access and open banking

Payments Canada is pushing hard for the government to open up access to the country's payment systems to local credit unions and payment service providers this year, CEO Tracey Black told the organisation’s summit in Toronto on Wednesday.

/retail

Tarabut Gateway raises $32 million for Saudi push

Tarabut Gateway, a Bahrain-based open banking platform, has completed a $32 milion Series A fundraise, which includes a first invesment in the nascent Middle East open finance scene by Visa.

/startups

Australian pay by bank startup Waave raises $4.7 million

Waave, an Australian open banking startup for account-to-account payments, has closed a $4.7 million seed round backed by Menulog managing director Morten Belling and e-commerce investor Paul Greenberg

/payments

IFGS 2023: OBIE responds to JROC open banking roadmap

Exploring the data driven future of fintech at Innovate Finance Global Summit, panellists covered new developments across open banking, open finance, and digital identity.

/startups

Triver raises £7 million to provide SMEs with instant capital

Triver, a London-based startup that uses open banking data and AI to provide short-term working capital to SMEs, has raised £7 million in seed funding.

/devops

IFGS 2023: Andrew Griffith MP announces AI and open finance ambitions for UK

Economic secretary to the Treasury, Andrew Griffith MP, spoke in a keynote speech outlining the government’s ambitions for the fintech industry during day one of the Innovate Finance Global Summit 2023.

/regulation

UK regulators deliver roadmap for future of open banking

Financial regulators in the UK have laid out their plans for the future of open banking.