Latest Open banking News: Finextra Research

Yapily signs Volume as first VRP customer

Open banking platform Yapily has launched its variable recurring payments (VRP) product and signed one-click payments platform Volume as it first customer.

02 August 2022

News/regulation

FCA zeroes-in on misleading investment adverts

The Financial Conduct Authority (FCA) has strengthened regulation around high-risk investment adverts targeting consumers.

01 August 2022

Company update/people

MX names Jim Magats CEO

MX, the leader in Open Finance, announced today that Jim Magats has been named Chief Executive Officer, effective August 17, 2022.

28 July 2022

News/crypto

Plaid backs Gemini users for crypto purchases

Crypto exchange Gemini, has connected with open banking and payments platform Plaid, to provide UK customers with the option to buy cryptocurrency through their bank accounts.

28 July 2022

News/regulation

FCA overhauls consumer protection with new Consumer Duty

The Financial Conduct Authority (FCA) has confirmed it will roll-out the Consumer Duty, requiring banks and other financial institutions to drastically improve their consumer protection efforts over the next 12 months.

27 July 2022

Company update/retail

Airbank chooses Klarna open banking platform

Klarna Kosma, Klarna's financial technology platform for banks, fintechs and innovative retailers, today announced its collaboration with Airbank, a digital financial management platform for businesses.

26 July 2022

Company update/payments

MX powers account verifications for FuturePay

MX, a leader in Open Finance, today announced it will provide data cleansing and Instant Account Verification (IAV) for FuturePay’s MyTab, a digital revolving credit platform for online merchants and their customers.

26 July 2022

Company update/people

Trovata adds open banking execs to lead European expansion

Trovata, the leading fintech in automating cash workflows through multi-bank API data aggregation for corporate finance and treasury teams, announced today the appointment of Vladimir Pintea as VP of Open Banking Engineering and Lisa Gutu as VP of Business Development.

26 July 2022

Company update/payments

Crassula and Salt Edge to deliver open banking solutions

Crassula, a Cloud Banking SaaS software platform, joins hands with Salt Edge, a leader in offering open banking solutions, to help banks, EMIs, and fintechs launch advanced PSD2 and open banking solutions in the UK and EU.

26 July 2022

News/payments

GoCardless and Plaid launch VRP offering ahead of CMA sweeping deadline

Following the Competition and Markets Authority’s mandate that the UK’s nine largest banks must support sweeping by 31st July 2022, both Plaid and GoCardless have launched a Variable Recurring Payments offering today.

26 July 2022

Company update/retail

Crif introduces open banking-led consumer credit scoring to UK

Europe’s leading provider of credit information, CRIF, has expanded its open banking-powered consumer credit solution to the UK, helping more people access affordable, responsible credit during the current economic climate.

25 July 2022

News/startups

Starling posts first profitable year

UK digital bank Starling has turned a £32m profit for the last financial year, marking its first full year of profitability.

21 July 2022

Company update/retail

Moneyhub and Pennyworth announce digital banking alliance

Moneyhub, the market-leading Open Data and payments platform, is partnering with Pennyworth, a financial planning and banking app, to redesign digital banking for the aspiring-affluent consumer.

21 July 2022

Company update/payments

GoCardless and Xero partner for open banking payments

GoCardless, the global leader in direct bank payments has today announced at Xerocon London it has partnered with Xero, the global small business platform, to provide its Instant Bank Pay feature to Xero’s customers in the UK.

21 July 2022

Company update/retail

Fico teams up with Israel's Open-Finance.ai

Global analytics software provider FICO announced today a partnership agreement with Israel’s Open-Finance.ai, a risk, finance and compliance software enabler of open banking and finance services and consulting firm headquartered in Tel Aviv.

20 July 2022

Company update/payments

Mastercard adds open banking to Engage partner programme

Mastercard today announced an expansion of its Engage partner network to include its open banking services, offering customers easy access to several technology partners that can quickly build and deploy open banking solutions for payments and lending decisioning at scale.

15 July 2022

Company update/retail

EQ Bank selects Flinks for open banking data sharing

EQ Bank, powered by Equitable Bank, Canada's Challenger Bank, has partnered with Flinks, a leader in open banking, to provide EQ Bank customers with the ability to share their financial data securely with third-party fintech applications of their choosing.

14 July 2022

News/payments

Tink rolls out settlement accounts

Open banking platform Tink has rolled out settlement accounts, providing merchant customers with a full-stack payments offering that performs automated refunds, payouts, and reconciliation, alongside the Swedish firm's Payment Initiation Services.

13 July 2022

Company update/retail

Adatree opens Open Data marketplace

The world’s first Open Data marketplace, Adatree Exchange has launched, streamlining how organisations discover and procure regulated Consumer Data Right (CDR)-ready, third-party software capabilities.

13 July 2022

Company update/payments

Yapily and Soldo join forces to bring open banking payments to European businesses

Open banking platform Yapily has teamed up with spend management platform Soldo to create a simplified payments experience for businesses across Europe.

12 July 2022