821 articles tagged with this keyword
News/retail
Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.
08 October 2020
An ING survey into consumer attitudes to open banking has exposed one of the glaring weaknesses of such polling: What we say and what we are actually prepared to do when it comes to sharing personal data are two distinct things.
06 October 2020
News/payments
More than a third of consumers discovered a new payment provider during the Covid-19 crisis, according to Capgemini’s World Payments Report 2020.
Singapore's United Overseas Bank (UOB) has become the world's first lender to use a new Visa API that lets customers add cards to third party apps without the physical plastic.
29 September 2020
As Sibos 2020 approaches, we look back to some of the predictions and forecasts made in 2010 and pick through what other lessons can be learnt from the post-financial crisis world to inform strategy in the not dissimilar economic environment of today.
28 September 2020
Open banking is taking a firm hold in the UK, with user numbers doubling to two million in just over six months.
News/inclusion
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
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
Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.
News/wholesale
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
ClearBank is to offer clients the ability to create multi-currency bank accounts via a an API-based connection to JPMorgan.
17 September 2020
Interbank payment network Swift is to expand beyond pure-play financial messaging to offer member banks a range of transaction management services.
News/identity
Alloy, the New York-based startup behind an operating system that helps banks and fintechs make better identity and risk decisions, has raised $40 million in a Series B funding round led by Canapi Ventures.
16 September 2020
News/regulation
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.
The UK tax authority has put out a £3 million tender for the provision of an Open Banking-based Payment Initiation and Account Information Service.
04 September 2020
Financial API provider TrueLayer has recorded an eight fold increase in UK consumers using Payment Initiation (PI) to pay for goods and services online during the lockdown.
25 August 2020
Swedish fintech Open Payments has raised €3 million in seed funding backed by Nordic VC Industrifonden.
24 August 2020
Nordic challenger bank Lunar Way is to introduce account aggregation and payment inititation features using technology from Nordic API Gateway.
21 August 2020
Australian challenger bank Xinja is to use a subscription-based API from Siss Data Services to comply with Consumer Data Right rules for sharing account information with third parties.
19 August 2020
Abu Dhabi-based fintech NymCard has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FRSA) to hold and transfer money, issue payment instruments with stored value and carry out currency exchange.
17 August 2020
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