Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

First Direct taps Bud to boost app transaction data

First Direct has enlisted open banking specialist Bud to add transaction categorisation and merchant identification services to its mobile app.

10 May 2021

Company update/payments

Tink and Tribe form open banking partnership

Europe’s leading open banking platform Tink, and payments technology provider Tribe, have entered a channel partnership for open banking technology.

06 May 2021

News/sustainable

Open data will catalyse the UK’s progress to net-zero

Data sharing is key to designing financial instruments and creating demonstrable Net Zero results, noted Gavin Starks, CEO of Icebreaker One, in a FinextraTV interview.

04 May 2021

Company update/payments

EML Payments and Frollo team on Australia's first Open Banking payments platform

EML Payments Limited (ASX: EML) (S&P/ASX 200) and Frollo have made financial history with the announcement of the EML Nuapay product suite, combining the newest innovations in Open Banking, personal finance management and payments in a customisable solution to streamline, enhance and personalise the entire user journey for fast growth neolenders and neobanks.

03 May 2021

News/payments

EBAday 2021: Driving correspondent banking success through wider adoption of instant payments

The shift toward instant payments will undoubtedly provide benefits for consumers, but it is the benefits for institutions and corporates that are likely to revolutionise financial services. However, to reap these benefits financial institutions must navigate the maze of deadlines and coinciding schemes in a proactive manner.

30 April 2021

Company update/payments

Paysend and Plaid team on open banking payments

Across the world, Covid-19 has reshaped our financial lives, with economic uncertainty accelerating financial polarisation and local lockdowns increasing the adoption of digital technologies to help manage consumers’ changing financial needs.

27 April 2021

Company update/payments

Ecommpay announces partnership with Nuapay

International payment service provider and direct bank card acquirer, ECOMMPAY, today announced it is partnering with open banking solutions provider, Nuapay, to enable better payouts to EU and UK bank accounts, and access to SEPA — the Single Euro Payments Area — an EU initiative to improve payments across the Eurozone.

27 April 2021

News/payments

GoCardless launches open banking payments

GoCardless, the bank-to-bank payments fintech, has launched an open banking feature integrated directly into its global payment platform and functional across all payment models.

27 April 2021

News/payments

‘Massive’ potential for embedded finance in Europe - Solarisbank

Research by Solarisbank and the Handelsblatt Research Institute has found considerable conversion potential for e-commerce providers to offer financial services in Germany, confirming the significant opportunity embedded finance may hold across Europe.

26 April 2021

News/regulation

How regulators have catalysed collaborations and technological innovations

Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”

22 April 2021

Company update/retail

Banca Sella and Workinvoice form open banking partnership

Banca Sella (digital banking champion) and Workinvoice (Italian fintech pioneer) have partnered to jointly develop new, seamless digital financial services for corporates.

20 April 2021

News/regulation

Shearman & Sterling: 'Remove the straitjacket of statutory rules' for UK fintech

During a panel for UK Fintech Week 2021, Barnabas Reynolds, global head of financial services group, Shearman & Sterling emphasised that to build trust in the system and allow space for fintech innovation, that the focus of supervisory systems should be on risk and not unnecessary code or control.

20 April 2021

News/retail

Open Bank Project and API3 partner to unite banking and the blockchain

Open Bank Project (OBP) has formed a partnership with the API3 Foundation to deliver banking and open banking data oracles to the decentralised web.

19 April 2021

Research/Open banking

The Cloud-native journey - Why Hybrid Cloud and Open Source go hand-in-hand

19 April 2021 321 downloads

News/retail

Credit Karma taps Bud Open Banking platform to help members find better products

Credit monitoring and building platform Credit Karma has picked Bud's Open Banking stack to help its UK members find better financial products and make smart money decisions.

16 April 2021

News/startups

Fintern raises funds for UK consumer lending play

Fintern, a UK startup aiming to shake up the market for low-value consumers loans with the launch of credit technology that bypasses credit scores in making lending decisions, has raised £32 million in equity and debt funding.

15 April 2021

News/crime

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

15 April 2021

News/retail

Consumers still wary of Open Banking

Just over half of people have never heard of open banking and many who have still worry about sharing their data, according to a global survey from Mambu.

15 April 2021