Open banking

1152 articles tagged with this keyword

/cloud

NatWest Group India launches Global Open Finance Challenge

NatWest Group, National Australia Bank, Canadian Imperial Bank of Commerce, and Itaú Unibanco are running the Global Open Finance Challenge, a first-of-its-kind virtual event encouraging innovation and the development of new solutions for a global open finance ecosystem. The four banks are inviting teams of innovators from start-ups, fintechs, universities, and large organisations from India and around the world to take part in the Global Open Finance Challenge. Interested candidates can apply by registering online before the application deadline of 26 September, 2021. The Challenge will take place virtually on 18-24 October and the grand finale will take place on 16 November, 2021.

/startups

Trade Ledger accelerates loan approval speeds

Global digital lending platform innovator, Trade Ledger, has joined forces with ScotPac, Australia and New Zealand’s largest non-bank SME lender, to create a market-leading origination and underwriting experience for business funding. The partnership demonstrates the game-changing scope of the Trade Ledger platform for business lenders and their customers, dramatically reducing application turnaround times.

/payments

Only 14% of UK consumers ‘completely understand’ Open Banking - Ecommpay

Ecommpay, payment service provider and card acquirer, has released new data as part of its whitepaper entitled, ‘Beyond the pandemic: The outlook for Open Banking’.

/people

Truelayer appoints Klarna's Mariko Beising as head of payment partnerships

TrueLayer, Europe’s leading open banking platform, today announced that Mariko Beising has joined the firm as its new Head of Payment Partnerships, bringing a decade of experience, most recently at Klarna where she led partnerships with Payments Services Providers (PSPs).

/Open banking

Competitive Advantage through Cloud Connectivity

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/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.