Tagged: open banking

January 24, 2024 @ 10:10 am By Omar Faridi  |  

Plannix, a personal finance hub that helps with wealth tracking, portfolio management, and financial planning, teams up with Salt Edge, a key player focused on offering open banking solutions, to enable users from Italy and beyond “to connect and view all their bank accounts in… Read More

January 15, 2024 @ 9:25 am By Omar Faridi  |  

UK Open Banking adoption and integration into the financial ecosystem remains steady with over six years of ongoing developments. CI recently received insights regarding open banking and its “transformative” potential as payments via this method become more widely recognized. Saturday 13th January marked the sixth… Read More

January 11, 2024 @ 8:43 am By Omar Faridi  |  

Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Optty, the universal payments platform, announced that they have established a partnership. Optty’s collaboration with Link Money “will empower its US-based merchant clients and partners to leverage Link Money’s Pay by… Read More

January 11, 2024 @ 5:22 am By Omar Faridi  |  

GoCardless, the bank payment company, has extended its relationship with JustGiving to become the online donation platform’s exclusive open banking payment provider, replacing American Express. The move will see JustGiving use both the fintech’s Instant Bank Pay feature “to collect instant, one-off gifts and its… Read More

January 8, 2024 @ 8:41 am By Omar Faridi  |  

Everything that Plaid is building together is part of a “bigger picture” which includes helping millions find financial freedom. As Plaid and its team prepares for 2024, they’ve taken a look back at what they consider to be the year’s biggest highlights and what they’ve… Read More

December 30, 2023 @ 2:12 pm By Omar Faridi  |  

Over the past decade, a strong foundation of consumer financial data rights have underpinned an open finance ecosystem “that drives competition, choice, and inclusion for hundreds of millions of people today.” This, according to an extensive update from Plaid. Plaid noted in a blog post… Read More

December 17, 2023 @ 9:58 pm By Omar Faridi  |  

Open banking and Embedded Finance platform, FutureBank, has announced a partnership with leading global issuer-processor, Paymentology, in order to “provide banks and fintechs with streamlined integration to modern card issuing and processing technology, enabling instant issuance of virtual cards.” Paymentology provides banks, fintechs and telcos… Read More

December 15, 2023 @ 10:22 am By Omar Faridi  |  

Trustly, a global enabler of Open Banking Payments, is pleased to announce that it is seeing steady  adoption of its Real-Time Payments (RTP) service and has reportedly become one of the “largest” originators on the RTP network. Specifically, Trustly’s RTP volume reportedly “grew 29% in… Read More

December 3, 2023 @ 4:29 pm By Tony Zerucha  |  

Axway, a global API management and integration software leader, this week released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults about their expectations and top concerns about how… Read More

November 28, 2023 @ 9:20 am By JD Alois  |  

Lendable has added recurring payments to its platform by leveraging the services of TrueLayer, according to a company statement. TrueLayer is an Open Banking provider and Lendable providers loans to consumers. TrueLayer said the new service was incorporated as Lendable leveraged its Account Information Services… Read More

November 28, 2023 @ 1:08 am By Omar Faridi  |  

Crastorehill, a company majority owned by Finch Capital, Europe‘s growth investor, has successfully acquired open banking players “as part of their buy-and-build strategy.” This move positions Crastorehill as “the 100% shareholder of Qwist (formerly finleap connect) and ndgit, harnessing their complementary strengths to lead the… Read More

November 19, 2023 @ 3:21 pm By Omar Faridi  |  

Research released by Tink, the firm focused on open banking, uncovers that investment pots have proved to be a financial ‘safety net’ for armchair investors during challenging economic times. This suggests a shift in investing behaviors “from long-term ‘set and forget’ portfolios, to needing instant… Read More

November 16, 2023 @ 9:58 am By JD Alois  |  

CI previously reported on Apple (NASDAQ:AAPL) leveraging the UK Open Banking ecosystem to connect bank accounts with their popular digital wallet. Today, Apple is officially announcing the service that aims to provide users access to financial information more conveniently. The UK has led the global… Read More

November 7, 2023 @ 11:52 am By JD Alois  |  

Charlotte Crosswell, Chair of the Centre for Finance, Innovation, and Technology (CFIT), has shared a comment pertaining to the King’s Speech and policy included in the presentation. This is the first time that King Charles has presided over the King’s Speech since the passing of… Read More

November 5, 2023 @ 6:46 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a global API management and integration software firm,  released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults “about their expectations and top concerns about how… Read More

October 31, 2023 @ 2:07 pm By JD Alois  |  

TrueLayer has issued an update stating they will be enabling William Hill, a UK gaming operator, to provide instant pay-ins and pay-outs for its customers. William Hill provides sports betting, poker, and more. TrueLayer says the winnings can be transferred instantly into a user’s bank… Read More

October 30, 2023 @ 9:25 pm By JD Alois  |  

Earlier this month, the Consumer Financial Protection Bureau (CFPB) proposed new rules seeking to boost Open Banking (Open Finance) in the United States. Open Banking, sometimes called Open Finance, is a concept where data can be seamlessly transferred from one financial service provider to another… Read More

October 25, 2023 @ 9:48 pm By Omar Faridi  |  

Prism Data, a cash flow underwriting and data analytics platform, announced today that it has raised $5 million in seed funding. This investment round was reportedly “led by Obvious Ventures, with participation from Citi Impact Fund and Core Innovation Capital.” Prism’s new funding follows “a… Read More

October 20, 2023 @ 11:06 pm By Omar Faridi  |  

Token.io, the account-to-account (A2A) payment infrastructure provider has announced the expansion of its direct open banking connectivity network to Sweden, Norway, Denmark and Finland, where it now “offers Account Information Services (AIS) and Payment Initiation Services (PIS) services.” This unlocks new opportunities “for Payment Service… Read More

October 20, 2023 @ 10:07 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has proposed new rules that aim to boost Open Banking (Open Finance) in the United States, according to a statement by the agency. Open Banking is a concept where financial data and access to this data is easily shareable… Read More