Open banking

1196 articles tagged with this keyword

/payments

UK Government to explore the use of open banking payments

The UK Government is to explore the use of open banking driven digital payments for public services.

/regulation

Fed extends remit to cover 'novel' technology-driven risks

The US Federal Reserve is setting up a new supervisory unit to cover 'complex' technology partnerships between banks and non-banks, crypto activities, and the implementation of blockchain technologies.

/Open banking

POS player Lopay signs with TrueLayer for instant settlement

TrueLayer, Europe’s leading open banking payments network, today announces that Lopay, the UK’s highest-rated point-of-sale (POS) solution, now offers its real-time settlement solution to its 20,000 businesses.

/payments

Petal scores $200 debt facility

Credit card and financial technology company Petal announced today that it has closed a committed $200 million debt facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit.

/payments

CMC Markets rolls out TrueLayer payments in the UK and Europe

TrueLayer, Europe’s leading open banking platform, today announces that global trading platform CMC Markets is live using its closed-loop payments product.

/retail

Klarna ditches open banking brand

Buy now, pay later giant Klarna has killed off its open banking brand Klarna Kosma a little over a year after launch, although the business will continue to operate as before.

/payments

FedNow will be a ‘large accelerant’ for fintech - Plaid CEO

FedNow, the Federal Reserve’s new payments system that was launched last week, is predicted to bolster growth for the US fintech sector according to Plaid CEO Zach Perret.

/wealth

InvestEngine switches on variable recurring payments with TrueLayer

Exchange-traded funds (ETF) investment platform, InvestEngine, and leading open banking payments network, TrueLayer, have today announced a new partnership to utilise variable recurring payments (VRPs) in ETF investing.

/payments

TrueLayer launches Payment Links for A2A payments via open banking

Today, TrueLayer, Europe’s largest open banking payments network, launches payment links, a new feature that enables businesses to offer instant payments, powered by open banking, directly from an email, text message or a QR code.

/Open banking

The Future of Fintech in Africa 2023

574 downloads

/payments

CFIT launches ‘Open Finance Coalition’ and unveils founding members

The Centre for Finance, Innovation and Technology (CFIT) today unveils the founding members of its ‘Open Finance Coalition’ who will collaborate to show the power of financial data for better SME and consumer outcomes.

/Open banking

How to Formulate an Actionable Cloud Strategy

213 downloads

/payments

Lloyds & Finastra: The Shifting Payments Market & The Power Of Collaboration

In the second episode of this 4-part FinextraTV series, Stephen Everett, MD Cash Management & Payments, Lloyds and Roy Marsh, Global Payments Director at Finastra, discuss the significant changes happening in payment solutions as a result of Open Banking, Embedded Finance, shifting digital solutions and regulatory changes. We hear how ISO has been a major diversion for all banks in recent years, what will be the impact going forward, and the role of partner collaboration in enabling banks to maintain their competitive edge within these rapidly changing payments landscape.

/wealth

Moneyhub partners wealth management player Voyant

Moneyhub, the market-leading data platform built on the principles of Open Finance, has announced a partnership that will see financial planning and wealth management solution provider, Voyant, use Moneyhub’s Open Banking and Open Finance APIs throughout its adviser systems.

/retail

Moneyhub and MX team on open finance

Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has today announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America.

/payments

Total Processing integrates A2A payments with Token

Leading A2A payment infrastructure provider, Token.io, and award-winning payment processor, Total Processing, have teamed up to offer account-to-account (A2A) payments to European customers.

/retail

Kindgeek and Salt Edge form open banking partnership

Kindgeek, a leading one-stop shop fintech software developer, and Salt Edge, a top open banking service provider, announce their partnership for providing PSD2 and open banking solutions to the fintech landscape.

/retail

NatWest calls for step change in industry approach to open banking

A report commissioned by NatWest concludes that banks, fintechs and regulators need to work together to resolve key economic obstacles that are holding back wider adoption of open banking in the UK.

/payments

The Role of ISO20022 and Open Banking Adoption in Harmonizing Payments

Katja Lehr, Managing Director, EMEA Payments and Commerce Solutions, J.P. Morgan, speaks at EBAday 2023 about the shifts we are currently seeing in cross-border & instant payments technology. Examining the use of Open Banking adoption and innovation by regulators across CEEMEA, we explore the role of ISO20022 and how developing initiatives will support the harmonization of cross-border payments.

/payments

Canadians unfamiliar with open banking

As Canada works towards the creation of an open banking framework, a new survey suggests that boosting awareness needs to be top of the agenda for a public largely oblivious to the concept.