Latest Open banking News: Finextra Research

Company update/people

Enacomm names Joseph Brown chief revenue officer

FinTech company Enacomm is accelerating its strong growth with the hire of Joseph Brown—a seasoned technology leader with global experience—as Chief Revenue Officer.

08 September 2021

News/inclusion

India launches Account Aggregator system

India's big banks have taken the open banking plunge, launching an Account Aggregator (AA) data sharing system.

07 September 2021

News/retail

Mastercard expands open banking reach through Aiia acquisition

Mastercard has agreed to buy Danish open banking technology outfit Aiia. Financial terms of the deal were not disclosed.

07 September 2021

Company update/wholesale

SIX and Inventx cooperate on open finance

As part of a technical partnership, Inventx and SIX will ensure the smooth interconnection of their complementary ix.OpenFinancePlatform and bLink open-finance hubs going forward.

07 September 2021

Company update/payments

PPRO bolsters APAC presence by integrating Indonesian players Jenius Pay and LinkAja

PPRO, the leading global provider of local payments infrastructure for payment service providers, banks, and enterprises with payment platforms, has today announced their integration of two of the most popular payment methods in Indonesia, Jenius Pay and LinkAja.

07 September 2021

Company update/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.

07 September 2021

Company update/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.

06 September 2021

News/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’.

06 September 2021

Company update/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).

06 September 2021

Research/Open banking

Competitive Advantage through Cloud Connectivity

06 September 2021 173 downloads

News/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.

31 August 2021

News/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.

27 August 2021

News/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.

24 August 2021

Company update/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.

23 August 2021

Company update/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.

23 August 2021

Research/Open banking

Corporate Mobile Banking and the Road to Omnichannel

23 August 2021 341 downloads

News/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.

18 August 2021

News/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.

17 August 2021

News/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.

06 August 2021

News/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.

28 July 2021