Latest Open banking News: Finextra Research

NextGen Nordics 2023: Back and better than ever

Finextra will be back in Stockholm to bring the new world of Nordic banking to life for the NextGen Nordics 2023 conference on the 25th of April.

03 February 2023

News/retail

Zopa Bank raises £75 million to boost growth

Zopa Bank has received £75 million in funding to support its next phase of growth in the UK.

02 February 2023

News/payments

Brazil celebrates 2 years of open finance

Today marks two years since Brazil launched its Open Finance Initiative. Open banking in Brazil has blossomed thanks to the initiative, forging a new governance structure and financial system for financial institutions in the nation.

02 February 2023

Company update/people

David Beardmore decamps from Open Banking Implementation Entity to join Raidiam

Raidiam, the data sharing ecosystem pioneers, is delighted to announce that David Beardmore has joined the company as Ecosystems Development Director.

01 February 2023

News/people

Crosswell hands in Open Banking report

As she signs off as trustee of the Open Banking Implementation Entity, Charlotte Crosswell has hit out at the lack of long-term vision to move beyond the current environment to a "Smart Data" economy.

01 February 2023

Company update/retail

Majority of Brits don't trust Open Banking with their data - survey

Despite the CMA recently celebrating the UK’s six largest banks fully implementing their open banking standards, there is still a long way to go before consumers are fully confident in handing over their financial data.

31 January 2023

Company update/retail

TransUnion invests in Bud

TransUnion, a global insights and information company, has announced a strategic investment in Bud Financial Limited (Bud), a leader in Open Banking and data intelligence.

31 January 2023

Company update/retail

TrueLayer rolls out onboarding product powered by open banking APIs

Today, Europe’s leading open banking platform TrueLayer announces the launch of the UK’s first-ever automated onboarding product using open banking APIs.

31 January 2023

News/startups

Unbanx app enables consumers to realise the value of their banking data

Irish fintech Unbanx has launched an open banking tool that enables consumers to share their transactional data with popular brands in return for points-based rewards.

31 January 2023

News/retail

Judo Bank: Redefining the challenger bank

Judo Bank, an Australian-based challenger founded in 2016 is dedicated to providing support and capital to SMEs by turning traditional banking on its head.

27 January 2023

Company update/regulation

Study says UK risks losing leadeship position in open banking

A new report released has claimed that the UK, the first mover and, until now, seen as a global leader in Open Banking will lose that leadership position this year unless drastic action is taken.

26 January 2023

News/people

Marion King takes over chair at Open Banking Implementation Entity

The former president of Mastercard UK and ireland, Marion King, has been appointed to suceed Charlotte Crosswell as chair and trustee of the Open Banking Implementation Entity.

24 January 2023

News/startups

Rent-to-own startup Keyzy raises £3 million

Keyzy, a UK-based rent-to-own startup for key workers, has raised £3 million in a seed funding round.

24 January 2023

Company update/retail

Garanti BBVA customers can now view account activity from other banks on mobile app

Garanti BBVA customers are now able to use the Garanti BBVA mobile app and Internet Banking to access information from their accounts at other banks.

23 January 2023

Company update/startups

Open data platform Okredo enters UK market

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by offering access to the most recent data about other UK businesses.

20 January 2023

News/regulation

HSBC gets warning for open banking failures

HSBC has once again fallen foul of the UK's Competition and Markets Authority (CMA) for publishing inaccurate information through its Open Data APIs.

20 January 2023

Company update/wholesale

Neonomics and KapitalKontroll partner to streamline debt management through open banking

KapitalKontroll, an innovative Norwegian provider of debt management and collection services has partnered with Neonomics to launch a fully automated debt collection system that manages all payments through Neonomics open banking platform, enabling increased efficiency and security for its customers who include an extensive list of Norwegian municipalities and both small and large businesses across the country.

19 January 2023

Company update/retail

Australia’s Finsure to give mortgage brokers open banking access

Finsure has become the first Australian mortgage aggregator to turn on Open Banking access for its brokers.

16 January 2023

Company update/retail

Dutch money saving start-up iBilly taps Klarna Kosma for open banking

Klarna Kosma, Klarna's financial technology platform for banks, fintechs and innovative retailers, today announces that it has joined forces with iBilly, the Dutch personal finance app, to give its users a data-driven, one-stop overview of their finances.

16 January 2023

News/devops

CMA announces completion of open banking roadmap

The Competition and Markets Authority (CMA) has announced the completion of the open banking roadmap on the fifth anniversary of PSD2, which mandated open banking as a regulatory requirement in the UK.

13 January 2023