Tagged: open banking

March 8, 2023 @ 8:32 am By Omar Faridi  |  

Following the announcement of impressive growth in the past year, Weavr has confirmed the acquisition of B2B Open Banking platform, Comma Payments, in “a first-of-its kind deal within the world of embedded finance.” The acquisition, which is “largely equity-based, will see Weavr retain most of… Read More

March 2, 2023 @ 7:17 pm By Omar Faridi  |  

Tazapay, a Singapore-based cross-border payments provider, has partnered with leading global real-time payments gateway Volt “to add open banking to its growing stack of payment offerings, as it accelerates its international growth plans across the UK and Europe. The partnership will enable Tazapay’s customers “to… Read More

March 2, 2023 @ 11:21 am By Omar Faridi  |  

Aventus, a Web3 solutions provider for enterprises, has partnered with Nexos Technologies, a digital payments and banking platform providing open banking and payment solutions, in order “to bring blockchain-enabled solutions to the digital banking and payments sector.” Nexos Technologies has deep domain expertise “in traditional… Read More

February 26, 2023 @ 6:53 pm By Omar Faridi  |  

Former CEO, CPO and CTO of Nordigen are expected to hold leadership roles in data, connectivity and engineering as integration of the two companies continues. GoCardless, a global firm focused on bank payment solutions, has “appointed three executives from open banking provider Nordigen, which it… Read More

February 24, 2023 @ 12:22 pm By Omar Faridi  |  

NatWest and NAB have published a jointly authored white paper “exploring the common threads that bind both Australia’s Consumer Data Right (CDR) and the UK’s Open Banking regime.” The agenda-setting whitepaper “highlights the similarities in the policies that underpin both regimes: to increase competition, innovation… Read More

February 20, 2023 @ 10:07 am By Omar Faridi  |  

Juniper Research defines Open Banking as the practice of “sharing, and to an extent control, personal financial information between FIs (Financial Institutions) and TPPs (Third-party Providers), mostly in the form of Fintech developers, subject to customer consent via the use of APIs (Application Programming Interfaces).”… Read More

February 17, 2023 @ 4:11 pm By Omar Faridi  |  

Market uncertainty and increased costs continue “to challenge small businesses, and many will rely on extended credit lines and loans to weather the current environment and grow their businesses,” according to an update from Mastercard (NYSE: MA). Mastercard is announcing that it has “added advanced… Read More

February 17, 2023 @ 10:19 am By JD Alois  |  

Last spring, HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR) collaborated to create the Joint Regulatory Oversight Committee as part of the UK Government’s commitment to boost open banking. This committee convened the Strategic… Read More

February 13, 2023 @ 7:39 am By Omar Faridi  |  

Trustly, the global firm focused on Open Banking Payments, partners with PointsBet, an  online gaming operator, “to offer its players Instant Payouts in the United States, powered by Cross River.” In partnership with Cross River Bank, a financial services and technology infrastructure provider that offers… Read More

February 1, 2023 @ 8:20 am By Omar Faridi  |  

TransUnion (NYSE: TRU) has announced a strategic investment in Bud Financial Limited, a key player focused on Open Banking and data intelligence. This dynamic partnership will “help drive innovation and growth in the personal finance market and support better outcomes for consumers, with greater financial… Read More

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

January 24, 2023 @ 7:54 am By Omar Faridi  |  

Okredo, an open data platform that merges open data, open banking, and credit bureau functionalities, aims to give SMEs in the UK a competitive advantage by “offering access to the most recent data about other UK businesses.” Okredo will start by “introducing business linkages reports,… Read More

January 23, 2023 @ 8:27 am By Omar Faridi  |  

Emma, the financial super app, announces the release of Easy Access Pots that allow customers “to earn up to 2.43% AER to more than 1.3m+ customers in the UK.” This product is launched in partnership with Bondsmith, which claims to be “the UK’s leading provider… Read More

January 20, 2023 @ 7:06 am By Omar Faridi  |  

KapitalKontroll, an innovative Norwegian provider of debt management and collection services has partnered with Neonomics in order “to launch a fully automated debt collection system that manages all payments through Neonomics open banking platform, enabling increased efficiency and security for its customers who include an… Read More

January 17, 2023 @ 10:47 pm By Omar Faridi  |  

Finsure, Australia’s mortgage broker aggregator, has partnered with Frollo and NextGen to use Open Banking data as part of the loan application process. Finsure has reportedly “become the first Australian mortgage aggregator to turn on Open Banking access for its brokers.” In a partnership with… Read More

January 16, 2023 @ 7:33 pm By JD Alois  |  

Salt Edge, an Open Banking enabler, has expanded into the Kingdom of Jordan. According to a blog post, Salt Edge will be working with Jordanian Banks and other financial services firms to power Open Banking solutions with its API-driven platform. According to the post, the… Read More

January 8, 2023 @ 8:47 pm By Omar Faridi  |  

Powered by Bud‘s aggregation and data intelligence services, Little Birdie’s subscription management app will “help consumers save money by switching or ditching their unused subscriptions.” As noted in an update from Bud, we’ve “all been there.” The audiobook membership that seemed “like a good idea… Read More

January 8, 2023 @ 5:37 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued by SAMA November 2022. The Open Banking Lab aims “to enable innovation and accelerate the development of open banking services in the Kingdom as it… Read More

December 27, 2022 @ 7:37 pm By Omar Faridi  |  

Japan-based Fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that “allows customers to pay for online installment purchases straight from their bank accounts.” Smartpay Bank Direct “emphasizes user security while delivering convenience for the consumer, through a network of… Read More

December 23, 2022 @ 3:19 pm By Omar Faridi  |  

UAE-based Fintech Galaxy, the “first” Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help “to set FTG’s Open Finance and Open Banking wheels in full… Read More