Open banking

1127 articles tagged with this keyword

/sustainable

Worldline partners ecolytiq on CO2 footprint calculation service

Payments outfit equensWorldline has joined forces with Berlin-based fintech ecolytiq to help European banks provide their customers with data on their environmental footprints.

/startups

National Bank of Canada takes majority stake in data sharing startup Flinks

National Bank of Canada is paying C$103 million for a majority stake in Flinks, a Montreal-based data aggregation startup.

/retail

NatWest launches app to help renters spilt shared bills

NatWest has developed an app called 'Housemate' that helps renters living in shared housing split and pay their bills.

/retail

Open Banking Initiative Canada joins forces with Open Banking Expo

Open Banking Initiative Canada (OBIC), is a not-for-profit advocacy organization gathering great minds in finance, technology, and regulation, to advance Open Banking as an innovative and inclusive force for good, has partnered with Open Banking Expo, a global community of Open Banking and Open Finance executives responsible for digital transformation across the financial services sector, to boost the growth of the Open Banking and Open Finance across Canada.

/payments

Paysafe to acquire viafintech

Paysafe, a leading specialized payments platform, today announced that it has signed a definitive agreement to acquire market-leading German fintech company, viafintech, in an all-cash transaction. viafintech, known under the brands of Barzahlen/viacash and viacash, offers the largest, bank independent, payments infrastructure in the DACH region, allowing a popular alternative to the traditional banking structure. For Paysafe, this latest acquisition not only boosts its growth opportunities in Germany, a critical market for its international merchants, it also creates revenue-generating opportunities to cross-sell viafintech’s alternative banking and payments solutions to its merchants around the world.

/sustainable

Acacia uses open banking to help Aussies build wealth in sustainable way

Australian startup Acacia is emerging from stealth mode with the launch of it money management app that uses open banking and data analytics to give user insights into their financial and environmental arrangements.

/retail

JP Morgan Private Capital and AmEx invest in Plaid

Open banking platform Plaid has topped up its Series D financing round with investments from JP Morgan Private Capital Growth Equity Partners and Amex Ventures.

/regulation

Canada sets 2023 target for open banking regime

Canada's government has paved the way for an open banking regime in the country by the beginning of 2023.

/payments

CMA mandates ‘Sweeping’ in big win for UK Open Banking

The Competition and Markets Authority (CMA) has ruled in favour of the Open Banking Implementation Entity’s (OBIE) recommendation to mandate Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping, injecting a further element of competition into the Open Banking market and ending years of opposition from some of the UK's biggest banks.

/retail

Bud and Minna Technologies partner to provide subscription-management to enterprise clients

The fintech Bud selects partner Minna Technologies, a Swedish tech company, to provide banks with access to Minna’s subscription management tools through Bud’s Open Banking platform.

/payments

Danish pension fund Velliv rolls out open banking payments with Aiia

Danish pension fund Velliv has teamed up with open banking platform Aiia to let its 360,000 customers top up their pension funds instantly.

/payments

Universo taps Token to improve credit card account top ups

Universo, one of Portugal’s leading financial institutions, with more than 900K cards issued, announced a partnership with open banking platform Token to improve account top ups for Universo’s flagship credit card product.

/payments

APImetrics and tomato pay form partnership

APImetrics has partnered with tomato pay, QR-code-based payments app for businesses and sole traders, to launch the first independent production monitoring dashboard for Open Banking APIs.

/regulation

White House encourages CFPB to roll out bank data sharing rules

President Joe Biden is encouraging the Consumer Financial Protection Bureau (CFPB) to issue rules allowing customers to download their banking data and take it with them.

/payments

P27 Nordic Payments secures merger approval from EU Commission

The European Commission today announced merger approval for the P27 Nordic Payments initiative to establish its pan-Nordic payments platform. This approval marks a significant milestone for the initiative which is working toward the creation of a common payments infrastructure across the Nordic region.

/retail

Russia welcomes first open banking participants

Promsvyazbank and Tochka, a fintech service for small businesses, started using Open Banking API developed by the Bank of Russia and the Russian FinTech Association (RFA).

/retail

Equifax UK launches Open Banking product for water industry

Equifax UK, the business and consumer insights expert, has partnered with leading water company, United Utilities, providing a first-of-its-kind real time income verification tool to streamline eligibility for reduced-rate social tariffs.

/retail

Entercard partners Nordigen for open banking insights

Leading Scandinavian credit market company Entercard is partnering with European open banking company Nordigen to improve their credit assessment and scoring models through more detailed data insights.

/startups

GoCardless and Pennylane partner to provide SMEs with automated accounting

GoCardless, a leading fintech in account-to-account payments, has joined forces with Pennylane, the first financial management and accounting platform designed for companies and their accountants, to offer SMEs and start-ups a seamless way to manage and collect recurring payments. The partnership will combine Pennylane’s new subscription management functionality, enabling businesses to automate the creation of recurring invoices and accounting, with GoCardless’ global bank debit network, allowing them to automatically debit their customers when each payment is due.