Tagged: open banking

Open Banking: Salt Edge Selected by LHV Bank, Supported by Tuum Partnership

Open banking enabler Salt Edge and Tuum have been selected by LHV Bank to support their endeavors. Tuum partnered with Salt Edge in 2022 as part of an effort to expand services across Europe. Tuum is a cloud-based, banking-as-a-service platform that offers core banking while… Read More

Salt Edge to Work with RiseUp on Open Banking

Open banking firm Salt Edge will partner with RiseUP, a “financial insight provider.” According to a company statement, the collaboration will enable RiseUp to leverage financial data and enhance revenue. UK businesses will see Salt Edge’s services integrated into the RiseUp platform, which aims to… Read More

Fintech Trustly Partners with The Swedish Postcode Lottery to Enhance Payments

Trustly, the global enabler of Pay by Bank, announced a partnership with The Swedish Postcode Lottery (Svenska Postkodlotteriet). This collaboration is set to enhance “the way people participate in one of Europe’s charity-based lotteries by providing seamless, secure, and fast payment processing solutions.” The Swedish… Read More

Deutsche Bank and Mastercard to Enable Merchant Solutions with Open Banking Payments

Deutsche Bank (NYSE: DB) and Mastercard (NYSE: MA) are pleased to announce a strategic partnership designed to accelerate the evolution of open banking and redefine the payment experience for merchants and consumers across Europe. The collaboration will elevate Deutsche Bank’s Merchant Solutions offering, particularly its… Read More

Tink, Adyen Offer Pay by Bank in Germany

Vodafone customers may now Pay by Bank in Germany due to a partnership between Tink and Adyen (ADYEN:AMS). Tink is part of Visa (NYSE:V). Pay by Bank is an open banking process that allows for immediate transfers between two banks in a secure environment. Tink… Read More

CFPB’s Decision to Abandon Open Banking Rule Sparks Controversy

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The Consumer Financial Protection Bureau (CFPB) has decided to abandon its proposed open banking rule, prompting sharp criticism from the Financial Technology Association (FTA). The FTA, an advocate for fintech innovation, has labeled the move a “handout to Wall Street banks,” arguing it undermines efforts… Read More

Open Banking Fintech Snoop Introduces Variable Recurring Payments (VRPs)

Snoop has reportedly added a new variable recurring payments feature. Fintech app Snoop has introduced Variable Recurring Payments (VRPs), allowing users to automate savings with ease while also staying on track with financial goals – all enabled by Open Banking tech. As explained in the… Read More

UK’s Banking Circle Gives Visa Access to Local Clearing Rails

Banking Circle S.A., the technology-led payments bank, announced a strategic partnership with Visa, a global leader in digital payments. The partnership provides Visa Direct with access “to Banking Circle’s extensive local clearing rails across the world, further strengthening the business’s global payment reach for its… Read More

Fintech Trustly Selects Sabre Direct Pay to Expand Pay by Bank Solution within Travel Industry

Trustly, the global enabler of Pay by Bank, has partnered with Sabre Direct Pay, a division of Sabre Corporation, a travel technology company, to enhance payment solutions for travel agencies across the UK and Europe. Through its Travel Marketplace, Sabre offers travel retailers access to… Read More

UK Fintech GoCardless Announces Giacom Integration for Cloud Market Tools

Global bank payment company GoCardless has announced a new integration with Giacom’s Cloud Market Tools billing platform. The integration enables Giacom channel partners to manage Direct Debit payments from within their billing system, “helping them simplify collections, improve cash flow, and reduce operational overheads.” This… Read More

TrueLayer and Other Fintechs, Banks to Fund Commercial Variable Recurring Payments Initiative

In a key move for the UK’s financial ecosystem, Open Banking Limited has announced that 31 organizations, including fintech TrueLayer, have committed to funding the establishment of an operator to advance commercial variable recurring payments (cVRPs). This collaborative effort, encompassing high street banks, challenger banks,… Read More

TrueLayer’s Pay by Bank Report: Streamlining E-Commerce Payments

In its 2025 Pay by Bank report, TrueLayer, Europe’s open banking payments provider, outlines a transformative vision for ecommerce payments, positioning Pay by Bank as a key innovation in the competitive checkout landscape. Authored by CEO Francesco Simoneschi and VP Jack Wilson, the report details… Read More

Cambridge Centre for Alternative Finance (CCAF) : Data Sharing Frameworks Are Transforming Financial Services

The global financial landscape is undergoing a transformation, driven by the rise of open banking, open finance, and open data. According to the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, over 95 jurisdictions worldwide have embraced these data-sharing frameworks, signaling a… Read More

Open Banking : FinGoal Partners with Unified API Platform Quiltt

FinGoal, a provider of transaction enrichment solutions, announced a partnership with Quiltt, the unified API platform for open banking. This collaboration marks a step forward in simplifying financial data management and “enhancing user experiences across financial applications.” By integrating FinGoal’s transaction enrichment capabilities with Quiltt’s… Read More

European Open Banking Fintech Yapily Partners with UK’s Allica Bank

Europe’s open banking infrastructure platform Yapily has partnered with the UK Fintech, Allica Bank, to bring the “benefits” of open banking top-ups to UK SME current accounts. Having launched to market in 2020, Allica has become the challenger bank for established SMEs with “between 5… Read More

L.E.K. Consulting Exec Comments on Implications of CFPB’s Closure and Why Banks Must Push Forward

  The Consumer Financial Protection Bureau’s (CFPB) recent shutdown caused a ripple across the industry and calls into question many regulations, including the status of the October open banking ruling. As the situation continues to evolve, CI caught up with Aaron Byrne, Head of Financial… Read More

European Open Banking Fintech TrueLayer Partners with Papa Johns

TrueLayer, Europe’s Pay by Bank network, has announced a partnership with Papa Johns, one of the world’s pizza brands to introduce Pay by Bank, a payment method that enables customers to pay directly from their bank accounts. With TrueLayer’s open banking technology, Papa Johns customers… Read More

Open Banking Fintech Salt Edge and Backbase to Help Banks with Compliance and Unlocking Revenue Streams

Backbase, the enabler of engagement banking, announced a partnership with Salt Edge, a provider of open banking solutions, to support the adoption of open banking and help banks meet compliance requirements while unlocking revenue opportunities. This collab reportedly enables Backbase customers to “integrate open banking… Read More

Open Banking Fintech Trustly to Support Sweden’s Central Bank Instant Settlement System

Trustly, the global Pay by Bank solutions provider, announced that it will now support RIX INST, the instant settlement system of Sveriges Riksbank, the Swedish Central Bank, solidifying Trustly’s position in instant payouts. Representing a key milestone for the company in its home market, Trustly… Read More

Open Banking APIs Expected to Serve Key Role in Digital Financial Services – Report

The financial landscape is undergoing a significant transformation, driven by the rise of open banking and the power of Application Programming Interfaces (APIs), according to an update from Juniper Research. A recent report from Juniper Research, titled “Open Banking APIs: Facilitating the Future of Finance,”… Read More

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