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

Company update/payments

OneBanks forms partnership with Nuapay

OneBanks, the future of high street banking, has announced a global partnership with open banking pioneer Nuapay, a Sentenial company, as part of its purpose to bring back banking with humans and enable financial inclusion for all.

25 September 2020

Company update/retail

Sync and TrueLayer extend smart banking alliance

TrueLayer, the leading technology company building financial infrastructure that’s open to any business, anywhere in the world, today announced the extension of its partnership with digital smart open banking app sync. to include France and Ireland.

24 September 2020

Company update/payments

Tink announces new open banking partnership

Enel X, the business line of Europe’s largest utility company, the Enel Group, has picked the open banking platform Tink as its open banking technology provider.

24 September 2020

Company update/retail

Intelliflo makes Open Banking move

Intelliflo has launched Open Banking to all customers, enabling them to provide their clients with a holistic view of their entire financial portfolio in one secure place.

23 September 2020

News/startups

UK's Tech Nation announces latest fintech cohort

Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme.

23 September 2020

News/retail

Italy's illimity buys 50% stake in Banca Sella's open banking unit

Italian digital bank illimity has reached an agreement to buy a 50% stake in Hype, the open banking outfit owned by Banca Sella.

22 September 2020

News/crypto

Investors to increase allocation to crypto assets

The growing number of startups offering crypto investment services will be buoyed by news that institutional investors are set to increase the amount of capital they spend on crypto assets.

22 September 2020

News/payments

ClearBank dances on the cloud’s silver lining thanks to Covid-19

For the latest feather in its cap, the cloud-based ClearBank became the first clearing bank to offer multi-currency bank accounts via API. Partnering with JP Morgan, ClearBank will offer clients the ability to move funds between accounts through an API-based connection to JPMorgan, but this is just one step in what promises to be a period of strong growth for the firm.

22 September 2020

News/inclusion

Finastra to prioritise tackling financial exclusion and SME funding issues

As part of its accelerated innovation mission and open cloud platform strategy, Finastra has set forth a plan to support nine million lives around the world and focus on resolving the SME funding gap, inequality in financial services and financial exclusion.

22 September 2020

News/startups

TrueLayer raises $25m

UK Open Banking startup TrueLayer has raised $25 million in a Series C funding round joined by Anthemis, Connect Ventures, Northzone and Temasek.

21 September 2020

News/retail

Tink selects OpenWrks aggregation platform

Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.

21 September 2020

News/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

18 September 2020

News/startups

Aussie startup unveils open banking-powered corporate credit card

Australian working capital startup Cape is preparing to launch a corporate credit card powered by Open Banking technology early next year.

18 September 2020

Company update/retail

Salt Edge scores Nova Credit deal

Nova Credit, the premier cross-border credit reporting agency, has teamed up with Salt Edge, leader in developing open banking solutions, to get instant access to the banking data of newcomers from the UK and EU.

16 September 2020

News/regulation

Open banking regtech Konsentus closes funding round

Konsentus, a UK regtech startup focused on helping financial institutions be compliant with open banking requirements, has closed a multi-million pound pre-Series A investment round led by Conviction Investment Partners.

16 September 2020

Company update/startups

Raisin teams up with Spain's Finect

The interactive financial resource platform Finect and deposits marketplace Raisin are launching a partnership, in a significant step toward broadening access in Spain to higher interest rates.

14 September 2020

News/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

11 September 2020

Research/Open banking

The Future of Fintech 2020

03 September 2020 959 downloads

Company update/payments

Vanquis Bank adds NatWest open banking payments tool to app

UK credit card provider Vanquis Bank, a subsidiary of Provident Financial plc, has today announced the launch of NatWest’s new open banking payment solution, Payit, within its mobile app, allowing Vanquis customers to make instant payments to their account without the use of a debit card.

27 August 2020

News/retail

Monzo, Starling and the lessons for challengers post-Covid

Recent weeks have brought news of differing fortunes for two of the UK’s flagship digital challenger banks. With Starling confidently announcing it would break even by the end of 2020, Monzo has described “the significant doubt” that Covid-19 had cast on the bank’s ability to continue.

18 August 2020