Latest Open banking News: Finextra Research

Plaid appoints first CFO

Open banking platform Plaid has hired former Expedia executive Eric Hart as its first chief financial officer, filling a critical role ahead of an anticipated IPO.

18 October 2023

News/wealth

Flanks secures $8 million for Open Wealth platform

Open wealth platform Flanks has secured $8 million in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital.

18 October 2023

Company update/payments

Roqqett readies launch of A2A payments suite

Roqqett, an Open Banking payments platform, will be launching at Open Banking Expo, 18th October 2023.

18 October 2023

Company update/payments

Token.io expands to Scandinavia

In a move that marks another significant milestone for Token.io, the leading account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark and Finland, where it now offers Account Information Services (AIS) and Payment Initiation Services (PIS) services.

18 October 2023

Company update/payments

Prommt reports 100 percent increase in open banking adoption rates

Leading payment platform Prommt has, today, announced adoption of its Pay by Bank solution has more than doubled, with businesses processing tens of millions per month through open banking across the UK and Ireland, and many implementing it as their default payment method.

17 October 2023

Company update/payments

Ecommpay orchestrates card payments and Open Banking transactions via a unified patform

Ecommpay, a leading international payments service provider and direct bank acquirer, launches Open Banking Select – the latest addition to Ecommpay’s integrated Open Banking payment suite. It offers greater control and scale over payment routing options, a consistent user experience, and all the features of Open Banking Advanced.

16 October 2023

Company update/payments

Ecommpay unveils suite of open banking products

Ecommpay, a leading international payments service provider and direct bank acquirer, launches Open Banking Select - the latest addition to Ecommpay's integrated Open Banking payment suite. It offers greater control and scale over payment routing options, a consistent user experience, and all the features of Open Banking Advanced. By introducing Open Banking Select, Ecommpay becomes the first and only payment provider to orchestrate card payments and Open Banking transactions via a unified proprietary platform.

16 October 2023

Company update/retail

Fiserv and Plaid forge data sharing pact

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, and Plaid, a data network at the forefront of the digital financial landscape, today announced an agreement to enable secure and reliable data sharing through application programming interfaces (APIs), addressing growing consumer demand to access their financial information when, where and how they want.

12 October 2023

Company update/payments

Aero Commerce partners Ordo on Open Banking payments for retailers

We're thrilled to announce that Ordo, a leading Open Banking Payments-as-a-Service provider, has seamlessly integrated into the Aero Commerce platform.

11 October 2023

Company update/payments

A2A and Salt Edge come together to support Open Finance in Jordan

The Central Bank of Jordan (CBJ) has taken a significant step towards modernising the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services.

11 October 2023

Company update/payments

UK payment providers frustrated by lack of VRP progress

Today, Nuapay, EML Payments’ Open Banking and account-to-account (A2A) payments business, announces the results of research into PSPs and ISVs views on Open Banking adoption and potential barriers.

10 October 2023

Company update/payments

TrueLayer reaches landmark one million variable recurring payments per month milestone

TrueLayer, Europe’s leading open banking payments network, has reached the milestone of processing 1 million variable recurring payment (VRP) transactions in a single month.

09 October 2023

News/payments

UK startup taps open banking technology to help people build their credit score

BuildMyCreditScore, a UK startup that enables individuals to effortlessly boost their credit score through everyday spending on a debit card, has launched in the UK.

09 October 2023

Company update/retail

Tarabut supplies income verification tool to Bahrain-based digital lender Flooss

Tarabut, MENA’s leading open banking platform, has announced a new partnership with FLOOSS, Bahrain-based digital lending platform.

09 October 2023

News/retail

NatWest launches transaction categorisation service for businesses

NatWest is tapping Open Banking for a transaction categorisation service that lets businesses offer their customers personalised insights.

06 October 2023

News/payments

Canadian fintechs launch open banking public campaign

Some of Canada's largest fintechs have launched a campaign to rally public support for government action on open banking and payments modernisation.

05 October 2023

News/inclusion

Financial wellbeing app Wagestream buys Keebo to help workers access credit

Financial wellbeing app Wagestream has acquired challenger credit card startup Keebo. Financial terms of the deal were not disclosed.

03 October 2023

Company update/payments

Salt Edge and SeaPay join forces for Saudi open banking push

In a significant move towards advancing digital technology and open banking in the Kingdom of Saudi Arabia, SeaPay, a leading Omni-Channel Payment Solutions provider, has announced a strategic partnership with Salt Edge, a renowned financial technology company.

03 October 2023

News/payments

Weavr shuts down recently-acquired Comma app

London-based embedded finance firm Weavr is shutting down Comma, the open banking payments app it acquired just months ago.

03 October 2023

Finextra TV/Sibos

Navigating European Financial Shifts with Open Finance & PSD3

At Sibos 2023, Liliana Fratini Passi, Managing Director of CBI, discusses the future impact of Open Finance and PSD3 on the European financial industry and methods for overcoming the challenges of today.

28 September 2023