Latest Open APIs News: Finextra Research

Railsbank appoints John Hammond chief commercial officer

Railsbank, a leading global Banking-as-a-Service (BaaS) platform, has announced that industry veteran John Hammond has joined the senior team as Chief Commercial Officer (CCO).

08 April 2021

Company update/Open APIs

DNA Payments partners with Ecospend for Open Banking payments

The partnership will bring Ecospend's Open Banking innovative payments service to DNA Payments Group portfolio of 30,000 merchants.

08 April 2021

News/retail

TrueLayer raises $70 million in preparation for Open Finance moment

UK Open Banking platform TrueLayer has raised $70 million in a Series D fundraising round.

08 April 2021

News/payments

EML Payments to acquire Sentenial for €70 million

Australia's EML Payments is entering the European and UK market for Open Banking services through the acquisition of Irish firm Sentenial and its NuaPay product.

07 April 2021

News/retail

Plaid hits $13.5 billion valuation on $425 million funding round

Open banking platform Plaid has raised $425 million in Series D financing at an estimated valuation of $13.5 billion.

07 April 2021

News/cloud

How cloud enables banking transformation towards contextual finance

Companies adapting to the new normal brought on by the pandemic have been forced to undergo a digital shift toward contactless payments and a surge in online transactions. As a result, many are looking to Banking-as-a-Service (BaaS) to enable innovative financial and payments services that can be embedded into digital apps and products. Further, the deployment of BaaS enables a faster time to market for more personalised propositions.

01 April 2021

Company update/payments

La Banque Postale chooses Ebury to support its SME customers

La Banque Postale has entered into a partnership with the fintech Ebury to offer its SME customers an open banking solution to support their international activities.

01 April 2021

News/retail

Santander Consumer Bank rolls out new PFM app

Santander's consumer bank in Norway has released a new PFM app using Open Banking tools from Nordic API Gateway.

01 April 2021

Company update/wealth

DriveWealth connects with Plaid

DriveWealth, LLC, a leading global brokerage infrastructure platform, today announced a partnership with Plaid, a data network powering the digital financial ecosystem, that enables mutual customers of the companies to simplify online investment account funding via one API integration.

30 March 2021

Company update/startups

TAB Bank creates Open Banking platform and streamlines lending processes with MuleSoft

MuleSoft, provider of the world’s #1 integration and API platform, today announced that TAB Bank is using MuleSoft to build its open banking strategy and grow an ecosystem of partners.

30 March 2021

News/regulation

Tide proposes Open Banking data fees to incentivise banks

Business banking platform Tide has accused the UK's banks of dragging their feet on Open Banking, arguing for the introduction of data fees to incentivise the sector to promote wider uptake.

30 March 2021

News/regulation

FCA to define new rules about data ethics in evolution of Open Banking

The UK's Financial Conduct Authority is to use its legislative powers to steer the evolution of Open banking to a broader model of Open Finance.

29 March 2021

Company update/retail

VTB opens API platform

VTB has developed and began the implementation of a new platform of Application Programming Interfaces (APIs) to accelerate the introduction of new products and services within the bank.

25 March 2021

Company update/cloud

Italy's Fabrick collaborates with Microsoft on Open Banking

Fabrick, Italy’s first open banking ecosystem that operates internationally to promote Open Finance, announces the strengthening of its collaboration with Microsoft Italia with the aim of leveraging Cloud Computing and new technologies to continue to develop innovative projects capable of accelerating the digital transformation of the financial world.

25 March 2021

Company update/retail

Swisscom and SIX build interoperability into Open Banking offerings

Switzerland’s two leading infrastructure providers, Swisscom and SIX, are teaming up to improve the interoperability of their complementary offerings.

25 March 2021

Company update/retail

Fidelity's eMoney Advisor joins Akoya data access network as first aggregator

eMoney Advisor (eMoney), a leading provider of technology solutions and services that help people talk about money, today shared updates on its API strategy and continued work to transition from credential-based data aggregation – or “screen scraping” – to application programming interface (API)-based data aggregation.

24 March 2021

Company update/retail

Basiq and Personetics partner for one-on-one banking personalisation

Basiq, a financial API platform backed by Plaid, Westpac, Salesforce and NAB has partnered with Personetics, the leading global provider of data-driven personalisation and customer engagement solutions for financial institutions.

24 March 2021

News/startups

Fintech startup NumberX to launch app-based Mastercard

NumberX, a fintech firm established by former Revolut and Anyline managers, is preparing to launch an app-based Mastercard which promises to deliver to users neo-bank innovations without the need to upend a relationship with their trusted bank.

24 March 2021

Company update/retail

Salt Edge joins Berlin Group's openFinance advisory board

Being a pioneer in developing open banking solutions, Salt Edge’s main goal is making headway toward open banking expansion and accessibility.

23 March 2021

News/regulation

ClearBank: Third of fintechs face regulatory scrutiny due to agency banking partners

Based on an independent survey of 100 fintechs across the Netherlands, Lithuania, Sweden, Switzerland, and the UK, a report by ClearBank reveals a multitude of challenges fintechs experience at the hands of their agency bank’s shortcomings.

23 March 2021