Latest Open banking News: Finextra Research

EBAday 2021: The next chapter for Open Banking in Europe

With the payments industry in a state of post-pandemic flux, it is difficult to predict what the next iteration of Open Banking will take across Europe.

18 June 2021

News/startups

Open payments firm Volt raises $23.5m

London-based open payments gateway Volt has raised $23.5 million in a Series A funding round led by EQT Ventures.

18 June 2021

News/regulation

Governor Bailey encouraged by progress around ‘critical innovation’ of CBDC

At the launch of the Bank for International Settlements’ (BIS) fourth Innovation Hub in London, Governor Andrew Bailey expressed positivity around the work currently being carried out by the Bank of England on central bank digital currencies.

11 June 2021

News/payments

EBAday 2021: full event agenda now released

The Euro Banking Association and Finextra’s full EBAday agenda is now live, boasting a jam-packed programme throughout the virtual event from June 28-30.

04 June 2021

News/devops

Latin American open banking startup Belvo raises $43m

Mexico City-based Open Finance API platform Belvo has raised $43 million in a Series A funding round.

01 June 2021

News/payments

EBAday 2021: Request-to-Pay most useful in Customer-to-Merchant payments

Having been touted as the ‘missing piece of the instant payment puzzle,’ many are keenly interested in the potential Request-to-Pay holds for streamlining payments, improving customer experience, and optimising liquidity through better cash management and visibility.

25 May 2021

News/payments

EBAday 2021 speaker line-up released

A blockbuster speaker line-up has been announced for Finextra and the Euro Banking Association’s upcoming EBAday event for 2021.

19 May 2021

Research/Open bankingSurvey

Payments Modernisation: The Cloud Imperative

18 May 2021 575 downloads

News/retail

US Bank and Plaid ink data sharing deal

US Bank has teamed up with Plaid to enable the lender's millions of customers to connect their accounts to third party apps.

13 May 2021

Company update/retail

Jack Henry joins Akoya data access network

Akoya LLC announced today that Jack Henry & Associates, Inc. has joined the Akoya Data Access Network. The agreement will enable more than 400 banks and credit unions using Jack Henry’s Banno Digital Platform to securely connect with fintechs and data aggregators through the application programming interface (API)-based network this year.

10 May 2021

News/retail

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