Latest Open APIs News: Finextra Research

Microsoft and Nexi collaborate to innovate across the European payments landscape

Nexi has announced a strategic partnership with Microsoft to digitise payments solutions and secure cloud-based infrastructures across the European market.

29 July 2022

News/payments

Swift could face challenge in new era for cross-border payments - EIU

The Russian invasion of Ukraine will cause disruption to cross-border payment systems and could, in conjunction with technological advances, challenge the dominance of the Swift network, predicts a paper from the Economist Intelligence Unit (EIU).

29 July 2022

News/crypto

Plaid adds crypto strings to its bow

Plaid has announced that major crypto exchanges including Binance.US, Gemini, Robinhood, and SoFi, are now available on their network. Support for additional platforms, including Blockchain.com and BitGo is planned for later this year.

15 July 2022

News/payments

Visa and Mambu partner for global debit processing

Mambu has announced its partnership with Visa to utilise Visa DPS, one of the largest processors of Visa debit transactions globally.

06 July 2022

News/regulation

Plaid proposes prioritisation of TPPs for PSD2 review

Open banking platform Plaid has made clear their position around PSD2 in a blog outlining their proposal to the Payments Service Directive (PSD2) review.

06 July 2022

News/payments

Paytrail and Mastercard hit monthly open banking milestone

Paytrail and Mastercard’s partnership through Aiia - an open banking platform, is now enabling more than one million open banking payments each month.

04 July 2022

News/startups

Fintech infrastructure firm Prime Trust raises $107m

Prime Trust, a one-stop-shop for API-based financial infrastructure for fintech and digital asset innovators, has raised $107 million in a Series B funding round.

23 June 2022

News/payments

Money 20/20 EU: When payments become an experience

Finextra caught up with Scarlett Sieber, chief strategy and growth officer at Money 20/20, and Sophie Guibaud, co-founder and chief commercial growth officer at Fiat Republic, to discuss the launch of their book 'Embedded Finance: When Payments Become An Experience.'

10 June 2022

News/regulation

US Senator requests FSOC review into risks of consumer data use

US Senator and Democratic chair of the Senate Banking Committee this week requested that the Financial Stability Oversight Council (FSOC) examine financial institutions’ use of consumer data, and the risks they pose to US financial stability.

10 June 2022

News/startups

JP Morgan leads $100m funding round for Codat

Codat, an API-based platform for business data sharing, has raised $100 million in a Series C funding round led by JP Morgan Growth Equity Partners.

09 June 2022

News/cloud

ACI to sell corporate banking tech to PE firm

ACI Worldwide has agreed to sell its corporate online banking technology to private equity firm One Equity Partners. Financial terms were not disclosed.

08 June 2022

News/payments

Money 20/20 EU: Which comes first, tech or banking?

“Innovation is happening in the value add”, stated Charlotte Hogg, CEO of Europe Visa, during the opening session of Money 20/20 alongside Daniel Kjellén CEO and co-founder Tink and Karen Tso anchor CNBC.

08 June 2022

News/retail

Open banking fintech Bud raises $80m

Open banking fintech Bud has raised $80 million in a Series B funding round led by an indirect affiliate of investment funds managed by TDR Capital.

07 June 2022

News/security

NatWest launches Confirmation of Payee API for business customers

NatWest has launched an API that lets commercial customers embed Confirmation of Payee into their own systems and processes.

30 May 2022

News/payments

NatWest pioneers UK’s first ‘non-sweeping’ VRPs

Making Variable Recurring Payments (VRPs) available to businesses and consumers for ‘non-sweeping’ customer payments, NatWest has become the industry’s first firm to go beyond the requirement to offer VRPs for account sweeping.

27 May 2022

News/cloud

TCF 2022: Plug-and-play required for hyper-personalisation

Max Chuard, Temenos CEO, opened the Temenos Community Forum 2022 (TCF) introducing a number of the key themes to be covered during the conference, from embedded finance, to disruptive technologies, disintermediation, new business models, composable services, and sustainability.

19 May 2022

News/payments

Plaid accuses Stripe of underhanded tactics over new open banking product

Shots were fired over Twitter last night, as Plaid CEO Zachary Perret accused Stripe of dishonestly obtaining valuable information which it then leveraged to launch its new open banking product, Stripe Financial Connections.

05 May 2022

News/cloud

Temenos Community Forum 2022 theme announced

As media partner for the Temenos Community Forum, Finextra can reveal the theme for the first in-person event Temenos has held in three years.

05 May 2022

News/payments

EBAday 2022: Anticipating the European Commission’s PSD2 review

Open Banking is set to receive its first ‘school report’ from the European Commission this year, setting out how the second Payment Services Directive (PSD2) is performing, along with consideration of progress being made toward Open Finance.

29 April 2022

News/payments

Minka raises $24M to help overhaul national payment systems for the digital economy

Colombia-based fintech Minka, a provider of last-mile APIs and shared ledgers for national payment networks, has secured $24 million in capital through a funding round led by Tiger Global and Kaszek.

29 April 2022