Latest Open banking News: Finextra Research

Tarabut acquires UK-based A2A payments platform Vyne

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

03 September 2024

Company update/retail

Bank of New Zealand becomes the first NZ bank to achieve next open banking milestone

Bank of New Zealand (BNZ) has taken another critical step toward open banking—better described as open data—becoming the first bank in New Zealand to meet a major milestone set by Payments NZ.

27 August 2024

Company update/payments

Sports platform Støtte introduces open banking for micro-donations with Neonomics

Støtte, an innovative platform designed to make it easier for sports associations and humanitarian organisations to receive support, announces its introduction of open banking with Neonomics.

20 August 2024

Company update/payments

InCred Finance and Ola collaborate to provide personal loan services

InCred Finance (InCred Financial Services Limited), one of India's leading diversified lending-focused NBFCs and Ola Money(Ola Financial Services), have announced a strategic partnership to provide seamless personal loan services to Ola users directly through the Ola app.

16 August 2024

News/payments

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

16 August 2024

Company update/retail

D•One to provide open banking data to Abound

D•One, the open banking business unit from The ClearScore Group, has announced a partnership with Abound to provide open banking connectivity and transaction categorisation intelligence.

14 August 2024

Company update/identity

Adatree adopts CDR for account verification

Adatree, a leader in Australian Open Data solutions, is excited to announce the launch of its groundbreaking Insights product suite.

14 August 2024

News/retail

Mastercard taps open banking for streamlined lending

Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.

13 August 2024

News/retail

ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

09 August 2024

Company update/payments

Nacha welcomes Visa as preferred partner

Nacha announced that Visa, a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation.

07 August 2024

Company update/payments

Flexys adds open banking technology from Moneyhub to collections process

Flexys, a leading UK-based supplier of collections management technology, has announced a strategic partnership with Moneyhub, a data and payments fintech specialising in Open Banking, Open Finance, and Open Data solutions.

07 August 2024

Company update/identity

Konsentus Verify arrrives on Temenos Exchange

Konsentus today announced that Konsentus Verify, Europe’s leading open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.

31 July 2024

Company update/payments

SDK.finance integrates with Salt Edge

SDK.finance, a white-label Lithuanian fintech platform for digital payments, has partnered with Salt Edge, a leading open banking solution provider with over ten years of experience.

30 July 2024

News/regulation

Major UK banks broke CMA rules

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

25 July 2024

Company update/retail

TotallyMoney releases open banking insights tool

TotallyMoney has announced the launch of a new open banking powered tool, providing customers with live, actionable affordability insights, so they can improve their chances of accessing the best offers

24 July 2024

Company update/payments

Plenti turns on account-to-account loan repayments with NAB

Customers of fintech lender Plenti now have a new way to make additional loan repayments, made possible with National Australia Bank’s (NAB) Pay by Bank solution, which enables PayTo transactions.

24 July 2024

News/payments

UK open banking hits 10 million users

More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.

23 July 2024

Company update/payments

OMS to implement Instant Bank Pay from GoCardless

Bank payment company GoCardless has announced a partnership with OMS, the seamless single-input enquiry to completion processing platform for brokers, to simplify and accelerate the payment process for its ever-growing user base.

23 July 2024

Company update/retail

GDS Link to use open banking data from Atto to improve credit decisioning

GDS Link, a leading player in credit risk management, is pleased to announce a partnership with the open banking provider, Atto.

23 July 2024

Finextra TV/payments

How Open Banking will Enable Embedded Finance

At EBAday 2024, Afonso Eça, Appointed Executive Board Member, Banco BPI, expands on the future of open banking and embedded finance and how these two trends are transforming the financial industry. While regulatory pushes such as PSD2 led to more uptake of open banking, financial institutions continue to take advantage of what is occurring in the fintech space and move forward. The conversation also turns to how open banking is the catalyst for embedded finance and through open payments, customers and businesses alike will be able to simplify the payments journeys of small business operators.

19 July 2024