Open banking

1196 articles tagged with this keyword

/regulation

Blair Institute sets out 'progressive vision' for fintech

If it wins the upcoming UK general election, the Labour party must harness the fintech sector as an engine for economic growth, opportunity and inclusion across the country, says a report from the Tony Blair Institute for Global Change.

/regulation

Canada set for open banking legislation

The Canadian government has promised open banking legislation by the end of the year and confirmed that the Financial Consumer Agency of Canada (FCAC) will oversee the new system.

/inclusion

Everybody in the room: Moving fintech forward

Lou Smith, Chair of Innovate Finance, discusses fintech's evolution in the past decade and its impact on consumer behaviour and industry collaboration. From challenger banks to widespread fintech app usage, we examine transformative trends like Open Finance, and amidst the challenges 2024 brings both nationally and internationally, we highlight opportunities for sustainable growth, charting a course towards fintech's fruitful future.

/retail

CFIT advances open finance pilots for consumers and SMEs

The UK Centre for Finance, Innovation and Technology (CFIT) is to build two working prototypes of open finance applications for providing financial advice to vulnerable consumers and to speed up credit assessments for SME loan applications.

/retail

Innovate Finance sets out Open Finance roadmap

Building on open banking to enable wider data sharing across financial services products including savings, mortgages and insurance, could unlock an extra £30.5 billion GDP a year for the UK, says a paper from Innovate Finance and KPMG.

/regulation

UK government announces open finance task force

Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.

/retail

Atto and Fico help UK lenders integrate open banking data into credit scoring process

Atto, a leading provider of credit risk solutions using transactional data, is thrilled to announce a strategic partnership with Fico, a global analytics software leader, for the UK market.

/payments

SurePay joins Temenos API exchange programme

SurePay today announced that the SurePay solutions will be available via the cloud-based Temenos Exchange partner ecosystem.

/predictions

Embedded Finance market to be worth $22bn by 2028

The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.

/startups

Fintech Innovation Lab New York names 2024 class

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through in-depth engagement with top financial services and venture capital executives.

/payments

Advancing payments: How can innovation drive business growth?

At MPE 2024, Neil Caldwell, Senior Vice President, Merchant Sales & Acquiring, Visa Europe, explores the influence of Open Banking and regulatory changes such as PSD2 on the payments industry. We discuss how technologies like tokenization and biometric authentication safeguards merchants and drives growth; and look at methods for optimising payments and enhancing customer experience, alongside exciting developments in biometric payments, real-time platforms, and the integration of artificial intelligence and machine learning.

/cloud

Plumery joins Google Cloud Marketplace

Plumery, a digital banking experience platform for true customer-centric banking, is pleased to announce its availability on Google Cloud Marketplace.

/payments

PayPoint named open banking supplier to UK central and local government

Digital payments expert PayPoint today reveals it been named as a supplier on the Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework, used by all public sector buyers seeking official suppliers of Open Banking services.

/startups

BuildMyCreditScore users see credit scores surge in months

UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.

/payments

Micropayment and Tink combine for Pay by Bank

Micropayment, the Berlin-based payment processor, has partnered with Tink, a market-leading payment services and data enrichment platform, to add Pay by Bank to its payments offering.

/payments

Railsr proposes merger with Equals Group

Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.

/wealth

Australia's HeirWealth turns on open banking

HeirWealth, a Sydney-based wealthtech that is on a mission to help high net worth families have better intergenerational conversations about money, has turned on open banking data sharing technology powered by global financial aggregator Envestnet | Yodlee.

/identity

Hazy and Unbanx launch ethical synthetic data cooperative

Leading generative AI firm, Hazy, and Open Banking data ownership platform, Unbanx, announced today the launch of the first ethical data cooperative comprising synthetically generated financial transaction data.

/payments

GoCardless to buy Nuapay from EML Payments

GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.

/startups

EBAday 2024: Calling early-stage startups to showcase products

The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.