Latest Open banking News: Finextra Research

BaaS startup BKN301 raises EUR15m

BKN301, a digital payments and Banking-as-a-Service startup, has raised EUR15 million in a Series A funding round led by Abalone Group.

05 July 2022

News/payments

Paytrail and Mastercard hit monthly open banking milestone

Paytrail and Mastercard’s partnership through Aiia - an open banking platform, is now enabling more than one million open banking payments each month.

04 July 2022

News/payments

GoCardless to acquire Nordigen

GoCardless has announced its plans to acquire Nordigen, a freemium open banking data provider. This move will open GoCardless to a wider covering in its account-to-account network, more than 2,300 banks in 31 countries.

01 July 2022

Company update/retail

Five Degrees joins forces with Salt Edge

Five Degrees, a cloud-native core banking technology provider, combines forces with Salt Edge, a leader in offering open banking solutions, to kit up banks and lenders from Europe with the open banking-enabled tools, helping them to create fully digital and innovative services.

29 June 2022

News/payments

Travel money card Currensea raises £1.35 million in under two hours on Seedrs

Currensea, a money-saving travel card linked to existing current accounts, has surpassed its crowdfunding target in under two hours, raising £1.35m from over 350 investors on Seedrs.

28 June 2022

Company update/payments

Kredinor intorduces open banking payments with Neonomics

Kredinor will offer end users the ability to directly complete payments from the security of their own bank accounts in a simple and convenient manner.

28 June 2022

Company update/payments

Hargreaves Lansdown picks Ecospend for Open Banking payment option

Hargreaves Lansdown (HL) has selected Ecospend, the UK’s leading Open Banking provider, to provide a “pay by bank” service for its clients. Ecospend’s solution will allow HL’s clients to make payments directly to their HL accounts more easily and securely and without the need for cards.

28 June 2022

News/payments

Revolut to roll out 'responsible' BNPL product across Europe

Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.

24 June 2022

News/regulation

EBA calls for PSD2 and E-Money Directive to be merged

PSD2 should be merged with the Electronic Money Directive, says the European Banking Authority (EBA) in response to the EC's call for feedback on the directive.

23 June 2022

Company update/identity

Volt launches 'ultrafast' account ownership authentication in European markets

Open banking pioneer Volt, a UK-based, leading fintech company powering the growth of real-time payments in UK and Europe, is launching Verify, an ultrafast bank account authentication service for online merchants and businesses.

23 June 2022

Company update/payments

Blink taps Opaay for open banking payments

The everything payments platform, Blink has partnered with Open Banking solution, Opaay, to provide its users with an efficient, secure, and more cost-effective way for processing payments.

22 June 2022

Company update/payments

Qatar National Bank launches open banking suite

QNB, the largest financial institution in the Middle East and Africa, announces its launch of Open Banking platform for a wider audience including the Bank’s customers, partners and emerging FinTechs in Qatar.

21 June 2022

Company update/payments

GoCardless brings open banking products to germany

GoCardless, a leading fintech in direct bank payment solutions, has today launched two open banking features in Germany through the introduction of Instant Bank Pay and Verified Mandates.

21 June 2022

News/payments

Stripe unveils global infrastructure for bank transfers

Stripe is making its bank transfer offering available to businesses in the UK, EU and Mexico.

20 June 2022

Company update/retail

RBC connects with Plaid

During a time when Canadians' appetite for digital services continues to increase, RBC and Plaid are pleased to announce a new data access agreement that will empower RBC clients with the option to share their financial data securely via a direct application programming interface (API) with the thousands of apps and services of their choice on the Plaid data network.

20 June 2022

Company update/payments

Tell.money integrates with Toqio to meet PSD2 rules

Tell.money, the fintech solution that delivers innovative and rapidly deployable open banking services for banks and other account providers, has partnered with Toqio, the fintech SaaS platform that enables organizations to build and launch fintech propositions.

20 June 2022

Company update/security

Enfuce selects Konsentus Verify for open banking

Enfuce, one of the fastest growing fintechs in Europe, has chosen Konsentus Verify to protect its customers from unauthorised or fraudulent third parties gaining access to valuable account data and funds.

20 June 2022

Company update/retail

Aviva to implement open banking dashboard for pension clients with Bud

It’s great to be able to say that following a rigorous selection process, we’ve been chosen by Aviva to provide the tech behind their new Open Banking dashboard.

16 June 2022