Latest Open APIs News: Finextra Research

Company update/payments

Open Banking variable recurring payments hackathon open for applications

Leading brands in the world of open banking today announced an important new open banking challenge: The VRP Hackathon.

02 September 2021

US Bank takes stakes in two fintech VCs

US Bank has taken ownership stakes in two fintech-focussed venture capital firms as it seeks to step up its engagement with the sector.

02 September 2021

Company update/retail

FDX snags 22 million consumer accounts for open finance data sharing

The Financial Data Exchange (FDX) today reports that 22 million consumer accounts are now using its FDX API for open finance data sharing.

01 September 2021

Company update/payments

Beanstalk and Tomato Pay bring Open Banking PISP to child savings

Beanstalk, the family app that invests for your kids, today launched instant transfers for top-ups to its Stocks and Shares Junior ISAs. Working with tomato pay, as its Payment Initiation Service Provider (PISP), Beanstalk is bringing the fintech power of Open Banking to child savings and investments and disrupt a market that has to date been reliant on largely manual, complex and costly processes.

01 September 2021

News/payments

Manchester's BankiFi secures £2.2 million investment

BankiFi, a fintech business specialising in payment processing and financial administration services for SMEs, has secured a £2.2m investment in a funding round led by Praetura Ventures, with participation from the Greater Manchester Combined Authority (GMCA).

01 September 2021

Company update/payments

Astra partners Plaid to enable fintechs to to embed automated bank transfers

Astra, a technology company that offers advanced bank-to-bank transfer solutions, today announced a formal partnership with Plaid, a data network powering the digital financial ecosystem, to offer an integrated solution for developers to easily enable programmatic money movement for their customers.

31 August 2021

News/crypto

Alpaca raises $50m; moves into crypto trading

Alpaca, a stock brokerage platform that offers APIs for fintech apps to connect and trade in US stocks, has raised $50 million and laid out its plan to launch cryptocurrency trading.

31 August 2021

Company update/retail

Salt Edge inks deal with Italy's Switcho

Switcho, an Italian digital fintech platform that brings innovations in expenses management, has upgraded its services by teaming up with Salt Edge, pioneer in open banking, thus becoming the first company in Italy able to provide insights on expenses and at the same time offer the chance to take actions about it, straight from the app, in order to save on those expenses.

30 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/regulation

TrueLayer opens new European HQ in Dublin

Open Banking platform TrueLayer has been authorised by the Central Bank of Ireland (CBI) as a Payments Institution and established its new European headquarters in Dublin.

26 August 2021

Company update/retail

Open Banking Excellence launches local chapter in Brazil

Open Banking Excellence (OBE), the global centre of community and knowledge driving change in Open Finance, announced today the launching of a local chapter in Brazil to support the development and growth of the country’s open financial system.

24 August 2021

News/wealth

DriveWealth raises $450m

DriveWealth, a provider of API-based brokerage technology that enables partners to offer real-time access to the US equities market through fractional share trading, has closed a $450 million Series D funding round at a $2.85 billion valuation.

23 August 2021

Company update/cloud

Open source solution provider Suse adds professional services to AWS offering

SUSE, a global leader in innovative, reliable and enterprise-grade open source solutions, today announced the availability of SUSE Professional Services – including consulting, training and premium support services – in AWS Marketplace. Amazon Web Services, Inc. (AWS) customers can now access SUSE professional services alongside already-available SUSE software, simplifying their business processes and enhancing their ability to meet the demands of the digital economy.

19 August 2021

Company update/payments

Decta partners with Volt to equip businesses in 70+ markets with open banking benefits

Volt, the leading open payments gateway, today announces a new partnership with global payment processing firm DECTA to provide customers from 70+ markets – including banks, merchants, online payment service providers (PSPs), and fintechs – with a portal to open banking architecture.

18 August 2021

Company update/retail

Salt Edge software arrives on Finastra Fusion store

Finastra today announced its collaboration with Salt Edge to improve the speed of compliance with the Payments Service Directive 2 (PSD2) and other global Open Banking standards, for banks and Electronic Money Institutions (EMIs) worldwide.

18 August 2021

Company update/payments

Macropay debuts Open Banking service

The banking industry has not been a favorite for consumers in the past, and it isn’t difficult to see why.

18 August 2021

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

Brex buys Israel's Weav

US corporate card unicorn Brex has paid $50 million to buy Weav, an Israeli outfit offering a universal API for commerce platforms.

17 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/cloud

NAB, CIBC, Itaú Unibanco and NatWest launch open finance challenge

NAB, CIBC, Itaú Unibanco and NatWest Group have joined forces with Amazon Web Services to run a global open finance challenge, inviting fintechs, universities and other large organisations to prototype and develop new digital banking services.

16 August 2021