Tagged: open banking

February 14, 2024 @ 9:00 am By JD Alois  |  

FIS (NYSE:FIS) has announced a partnership with Banked to offer a new “pay by bank” solution for both consumers and businesses. Banked, enables consumers to pay directly using their bank without entering any financial data. Last year, FIS became one of the first Fintechs to… Read More

February 11, 2024 @ 9:00 am By Omar Faridi  |  

Plaid is marking an “exciting” chapter for the Fintech firm as they recently welcomed Jen Taylor as the first President. As noted in a blog post by Plaid, Jen is considered to be an experienced product leader who joins them from Cloudflare where she “spent… Read More

February 9, 2024 @ 11:20 am By JD Alois  |  

NatWest says it is the first UK bank to join the UK Open Banking DPS or Dynamic Purchasing System. As explained by the UK government: “… frameworks – otherwise known as agreements – help public and third sector buyers to procure goods and services from… Read More

February 9, 2024 @ 8:30 am By Omar Faridi  |  

Global financial technology firm FIS (NYSE: FIS) has announced another milestone in its drive to make secure open banking more accessible to its clients and their customers. Agreements are in place with data networks “including Akoya, Envestnet | Yodlee, MX and Plaid to integrate into… Read More

February 7, 2024 @ 6:34 pm By Omar Faridi  |  

Ant International, a digital payment and financial services leader dedicated to building an inclusive and sustainable global commerce ecosystem, is expanding its existing partnership with Yapily, the European open banking platform to introduce Europe’s first-ever commercial variable recurring payments (VRPs) for e-commerce via Open Banking… Read More

February 5, 2024 @ 11:02 pm By Omar Faridi  |  

MX Technologies, Inc. announced today that MX and Jack Henry (NASDAQ: JKHY) have agreed to work together to deliver a more seamless and secure data sharing experience for consumers across more than 800 financial institutions. MX’s secure, interoperable API platform will now “directly connect through… Read More

February 4, 2024 @ 6:00 pm By Omar Faridi  |  

Two in three (66%) larger UK businesses say they are very familiar with open banking and users report an average annual saving of 150 hours usually spent “on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research reveals.”… Read More

February 4, 2024 @ 5:55 pm By Omar Faridi  |  

The Bank of England has recently shared a Working Paper, focused on open banking, and it is attributed to several authors including Tania Babina, Saleem Bahaj, Greg Buchak, Filippo De Marco, Angus Foulis, Will Gornall, Francesco Mazzola and Tong Yu. As noted in the paper… Read More

January 29, 2024 @ 10:56 am By JD Alois  |  

Two open banking providers have announced a strategic partnership. Clowd9 and Ozone API will now work together globally. Open API, as it names alludes to, provides open banking services to its clients. Clowd9 is a payments platform that will now be incorporated into the Ozone… Read More

January 26, 2024 @ 3:22 am By Omar Faridi  |  

Tink, the firm focused on open banking, has launched ‘Risk Signals’ – a rules-based risk engine that unlocks instant payment experiences across Europe, while minimizing risk. In some European markets, bank transfers “can take up to three days to settle depending on the scheme, with… Read More

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