Latest Open banking News: Finextra Research

Klarna's open banking unit boosts SME lending for Krea

Klarna Kosma, the open banking arm of BNPL giant Klarna, has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower interest rate, through a tie-up with Swedish digital lending platform Krea.

25 October 2022

News/retail

Legal & General and Lloyds Banking Group lead £35 million investment in Moneyhub

UK open finance and data platform Moneyhub has secured an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook.

24 October 2022

News/payments

Natwest forges VRP partnerships with Token, Tink and Yapily

NatWest is opening up more opportunities for variable recurring payments by forging agreements with fintechs Token, Tink and Yapily, in adition to existing arangements with TrueLayer, GoCardless and Crezco.

24 October 2022

Company update/Open banking

Token and Computop team on open banking payments for merchants

Open banking payments platform, Token, and leading Payment Service Provider (PSP), Computop Paygate, have joined forces to answer the growing demand for Open Banking payments in Europe.

21 October 2022

Research/Open banking

The Future of Digital Banking in North America 2023

21 October 2022 1154 downloads

Company update/payments

NatWest inks VRP agreements with three payment providers

NatWest Group has made agreements with Token, Tink and Yapily to offer Variable Recurring Payments (VRP) as a new and convenient payment option for businesses and consumers.

20 October 2022

Company update/retail

Abymap and Nordigen team up for open banking

Abymap has partnered with freemium open banking provider Nordigen for direct access to customer bank accounts.

20 October 2022

Research/Open banking

Banking as a Service: Predictions for 2023

20 October 2022 1002 downloads

Company update/inclusion

Allpay taps Salt Edge to boost financial inclusion with open banking

UK-based payments specialists, allpay Limited, have joined forces with Salt Edge, a leader in Open Banking solutions, to allow the business to provide clients, including people with vulnerable financial situations, a seamless payment experience, being a part of the wider financial inclusion initiative of the company.

19 October 2022

News/payments

Open banking and request to pay fintech Ordo raises £10m

UK open banking and request to pay fintech Ordo has raised £10 million in a Series A funding round led by Equinox Systems.

19 October 2022

Company update/payments

Crowdz picks GoCardless for open banking payments

GoCardless, a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance for small businesses.

18 October 2022

Company update/inclusion

Allpay boosts financial inclusion with open banking

UK-based payments specialists, allpay Limited, have joined forces with Salt Edge, a leader in Open Banking solutions, to allow the business to provide clients, including people with vulnerable financial situations, a seamless payment experience, being a part of the wider financial inclusion initiative of the company.

17 October 2022

Finextra TV/Sibos

Industry issues and technology enhancements

Stephanie Wolf, Head of Global Financial Institutions, Governments and Business Banking Sales for GTS, Bank of America joins FinextraTV at Sibos 2022 to discuss the issues facing the industry and Bank of America’s latest innovation in APIs.

13 October 2022

Company update/payments

Tink and Snoop extend partnership

Europe’s leading open banking platform, Tink is working with Snoop, the multi award-winning money saving app, to give UK consumers real-time insights on how to cut their bills, pay off debt, grow their savings and save where they spend.

13 October 2022

Company update/retail

Ayoconnect increases 2022 fundraise to $28M with $13M Series B extension

Ayoconnect, Southeast Asia's largest open finance platform, has closed a US$13 million B extension financing round led by SIG Venture Capital with participation from CE Innovation Capital and existing investor fintech PayU, the payments and Fintech business of Prosus, increasing its stake.

13 October 2022

Company update/retail

Yapily and Juni team up to improve access to credit for ecommerce

Open banking infrastructure platform Yapily has teamed up with Juni, the financial platform built for ecommerce, to help ecommerce businesses gain a real-time overview of their finances, maximise cash flow, and get better credit decisions.

12 October 2022

News/devops

Sibos 2022: Open banking in the UK - it’s high time for a review

In the lead up to Sibos 2022, Finextra spoke to Dan Globerson, head of Bank of APIs at NatWest, to explore how he is leading the bank’s regulatory commitments in the UK and Europe, driving a culture of API enablement, and collaborating across the industry by establishing standards.

11 October 2022

Company update/payments

LuLu Exchange launches open banking service platform in partnership with Wio Bank

In a gamechanger of sorts, LuLu Financial Group – one of UAE’s leading financial services company, has joined hands with Wio Bank – the region’s first platform bank, to allow Wio Business customers to make account deposits through its network of LuLu Exchange branches.

10 October 2022

Company update/retail

Validis partners Aryza to power open finance for UK SME business lenders

Aryza, expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has today announced a partnership with Validis, a market leading open accounting platform, to develop an open finance solution that will help business lenders obtain better quality financial data from their customers.

06 October 2022

Company update/people

Enable Banking lands €600,000 investment; recruits Nordea open banking veteran Sarah Häger

Finnish Fintech Startup, Enable Banking, discloses a round of €600,000 led by Wellstreet and attracts the strong open banking profile Sarah Häger, now leaving Nordea after 15 years.

06 October 2022