Open banking

1198 articles tagged with this keyword

/people

Token welcomes Charles Damen as chief product officer and Artashes Torosyan as CTO

Open banking payments platform, Token.io, has appointed two new executive hires as it continues to strengthen its leadership position in Europe.

/regulation

Salt Edge develops TPP Verification product

Open banking platform Salt Edge has developed an on-the-fly mechanisim for banks to verify the bona fides of third-party providers trying to access users’ account data.

/startups

Open insurance startup Insurely raises €19 million; signs deal with SEB

Insurely, a Swedish fintech startup that uses open banking data to help insurers personalise premium offers, has signed SEB as a flagship customer.

/retail

FintechOS and Salt Edge form partnership

FintechOS, a global technology provider for financial services companies, and Salt Edge, a leader in offering open banking and secure customer authentication solutions, today unveiled a partnership to provide innovative and secure technology services to joint clients within the banking industry.

/retail

OBIE publishes latest open banking specification

The Open Banking Implementation Entity (OBIE) is pleased to announce the publication of the Open Banking Standard version 3.1.10, which is the final release under the CMA’s revised roadmap.

/retail

Budget Insight secures €31 million investment from PSG Equity

Budget Insight, the leading aggregator of banking and financial data in France and a pioneer of Open Finance in Europe, is pleased to announce $35m (€31m) in funding from PSG Equity (“PSG”), a leading growth equity firm partnering with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and the US.

/retail

Marqeta survey finds 79% denied a loan due to outdated affordability criteria

Marqeta, the global modern card issuing platform, today released new data from a survey of European consumers on their attitudes and experiences of lending. The findings, which will be detailed in an upcoming report on the future of lending, shows many consumers still feel frozen out of the lending bubble, held back by outdated lending criteria and assessments – such as credit scores. Yet change could be on the horizon, with 59% of European consumers saying they are more aware of new lending options due to the pandemic, with 61% being more willing to use them.

/payments

Qolo partners with open finance provider MX

Qolo, the omnichannel payments platform for fintech, today announced a strategic partnership agreement with MX, the leader in open finance. Qolo and MX provide fast-track solutions to help businesses, particularly neobanks and fintechs, stand up a core mobile banking experience. This allows them to get to market quickly while also future-proofing their growth.

/regulation

UK watchdog takes on card schemes

The UK's Payment Systems Regulator (PSR) has put the card schemes on notice that it is investigating their fees and how to help merchants get better deals, including by promoting the alternative of account-to-account payments.

/payments

EML Payments' Nuapay adds Praxis to PSP network

EML Payments Limited's (ASX: EML) (S&P/ASX 200) open banking business, Nuapay, has partnered with Praxis Tech (Praxis) to power the delivery of open banking and account-2-account payments to Praxis’ clients across Europe.

/payments

Klarna launches open banking business unit

Buy now, pay later giant Klarna has set up an open banking sub-brand and business unit, helping firms connect to its network of thousands of banks across Europe and the US.

/retail

Finicity and Fiserv ink data sharing deal

Finicity, a Mastercard company, and Fiserv, Inc., both leaders in open banking technology, are advancing the future of open finance through secure data sharing.

/regulation

Arion Bank Chooses Banfico OB Directory Plus to Verify TPPs

Arion Bank, one of Iceland’s leading universal banking groups, has chosen the Banfico OB Directory Plus to support its Open Banking and PSD2 access-to-account compliance process.

/wholesale

NextGen Nordics: Danske Bank announces Trade AI app

Ahead of our NextGen Nordics conference on the 27th of April 2022, we will be putting together a weekly briefing of selected top stories that are emerging out of the region and setting the blueprint for payments innovation across Denmark, Finland, Iceland, Norway, and Sweden.

/regulation

CMA unveils recommendations for future of Open Banking

The Competition and Markets Authority (CMA) has announced a new committee – the Joint Regulatory Oversight Committee (JROC) – to oversee the continued rollout of Open Banking in the UK, among other recommendations.

/payments

Mastercard rolls out open banking payments tools

Mastercard has unveiled a pair of open banking tools designed to improve predictability and transparency in digital account-to-account payments for merchants.

/security

GoCardless releases open banking-powered fraud prevention tool

GoCardless, a leader in direct bank payment solutions, has launched Verified Mandates in the UK, a feature within its global bank pay platform which combines the Account Information Services (AIS) capabilities of open banking with direct debit to stop fraud before it happens.

/retail

Adatree teams up with Personetics

Award-winning data intermediary platform Adatree (adatree.com.au) has partnered with Personetics, the leading global provider of financial data analytics, to provide customers with an all-in-one solution for financial data access and intelligence.

/payments

Nordigen signs Payment Reply for open banking

Payment Reply has joined up with freemium open banking platform Nordigen for direct bank account connections.

/payments

Avarda taps Aiia open banking services

Today the Nordic-based payment service provider Avarda chose European open banking leader Aiia, a Mastercard company, to enable open banking payments through its white-label payment solutions for a wide range of retailers and merchants.