Tagged: open banking

May 31, 2023 @ 10:56 pm By Omar Faridi  |  

Tarabut Gateway, MENA’s open banking platform, announces a strategic partnership with Qarar, the region’s credit analytics technology provider and technology arm of SIMAH, the first and largest credit bureau in the Kingdom of Saudi Arabia. This strategic partnership is set to enhance the financial landscape… Read More

May 30, 2023 @ 8:53 am By Omar Faridi  |  

Mintos have shared the latest updates on what their platform developers have been working. Mintos reveals recent improvements, feature developments, and “share the innovative solutions powering their platform.” This month, Mintos reportedly spoke to one of their engineers, Artis, a full-stack developer who started at… Read More

May 26, 2023 @ 1:01 am By Omar Faridi  |  

Airwallex, the global payments and financial platform for modern businesses, today announced its partnership with TrueLayer, the payments network powered by open banking, to deliver innovative payment solutions for businesses. TrueLayer will leverage Airwallex’s global payments and financial infrastructure API “to build new products and… Read More

May 24, 2023 @ 5:41 pm By JD Alois  |  

Superfinanciera Colombia, the financial regulator in Colombia, is pursuing a consultation on Open Banking, according to a recent post. Open Banking, or Open Finance, is a concept for data management in the financial services sector – typically where the consumer controls and owns the data…. Read More

May 24, 2023 @ 2:52 pm By Omar Faridi  |  

Ozone API and Smart Data Foundry have announced a partnership and the launch of two new products – the Standards Library and Innovation Atlas – which are designed to support and accelerate financial innovation in Open Banking. The Standards Library helps financial institutions and innovators… Read More

May 24, 2023 @ 1:18 am By Omar Faridi  |  

Brite Payments, one of Sweden’s fastest growing fintechs and a leader in instant bank payments, announced its Brite Instant Payments Network (IPN). Brite IPN is a proprietary network “that leverages the capabilities of open banking to give merchants and businesses a complete, out-of-the-box instant payments… Read More

May 22, 2023 @ 11:06 pm By Omar Faridi  |  

Topps Tiles, the UK’s tile specialist founded in 1963, is a “household name” with over 300 stores nationwide. The well-known retailer always aims “to provide an inspirational shopping experience and an unrivalled product range, coupled with exceptional convenience — a philosophy that crosses over onto… Read More

May 14, 2023 @ 2:59 pm By Omar Faridi  |  

Rapyd has announced a partnership with Belvo, the Open Finance data and payments platform in Latin America. By combining Rapyd’s extensive global payments network with Belvo’s expertise in open banking, the partnership will “enable businesses across Latin America to deliver seamless open finance experiences to… Read More

May 12, 2023 @ 12:37 pm By Omar Faridi  |  

Neonomics, a Nordic open banking provider, has expanded the launch of their core open banking driven Checkout solution to the Danish market. This payment solution makes it easy for any business “to get started with account-to-account payments through a frictionless front-end user interface, delivering higher… Read More

May 11, 2023 @ 7:18 am By Omar Faridi  |  

The key to faster Fintech growth is safe, seamless digital account opening, according to an update from Mastercard (NYSE: MA). Innovations in finance and payments are reportedly “unlocking new experiences for consumers and fintechs alike.” As of 2022, around 78 percent of adults in the U.S…. Read More

May 5, 2023 @ 8:21 am By Omar Faridi  |  

Tarabut Gateway, which claims to be one of MENA’s leading open banking platforms, announces the completion of a US$32 million Series A fundraise. The investment round was “led by Pinnacle Capital, a leading alternative investment firm that focuses on KSA investments to provide unique alternative… Read More

May 4, 2023 @ 8:29 am By Omar Faridi  |  

Ingka Investments has made a minority investment together with Creades in Swedish based credit information startup called Kreditz, a Nordic market leader in credit scoring and verification services based on Open Banking and PSD2 data. The investment is “part of Kreditz’s latest funding round with… Read More

April 19, 2023 @ 11:27 am By JD Alois  |  

Montonio and Episode Six have announced a new partnership to “bolster its open banking offering” in the Nordic region. Montonio is an e-commerce enabler providing payment links, card payments, automatic shipping label printing, and installment solutions. By incorporating Episode Six’s service, Montonio expects to reduce… Read More

April 18, 2023 @ 9:37 am By JD Alois  |  

The Joint Regulatory Oversight Committee (JROC) has posted the recommendations for the next stage of Open Banking in the United Kingdom. JROC is made up of HM Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA), and the Payment Systems Regulator (PSR)…. Read More

April 3, 2023 @ 10:52 am By Omar Faridi  |  

ING Bank N.V. has partnered with Salt Edge, which claims to be a pioneer in providing open banking solutions, “for leveraging the widest international bank connectivity and thus, unlocking a whole new range of open banking use cases for SME segments from various industries, corporate,… Read More

April 2, 2023 @ 5:30 pm By Omar Faridi  |  

Bud Financial Limited, a key player in Open Banking and transactional data intelligence, announced its expansion into the United States. Bud’s entry into the US market reportedly coincides “with high demand for innovative products to shake up the $20 trillion banking industry.” Backed by HSBC,… Read More

March 29, 2023 @ 7:10 pm By Omar Faridi  |  

SMEs are at the heart of our economy and financial institutions need to do more to help them. It has been found that they play a central role in financial inclusion, representing around 90% of businesses globally and more than 50% of employment worldwide, according… Read More

March 19, 2023 @ 2:50 pm By Omar Faridi  |  

Juniper Research specializes in identifying and appraising new high-growth market sectors within the digital ecosystem. They provide market research covering 90 technology markets. Their research reports form the basis on which their analysts make various predictions. As noted in an update shared by Juniper Research,… Read More

March 15, 2023 @ 10:27 pm By Omar Faridi  |  

This is notably the first ‘directly integrated’ open banking API in MENA’s crypto sector. The collaboration will allow Rain customers in Bahrain “to quickly and easily top-up their crypto wallets via bank transfer through the Rain app.” Tarabut Gateway, which claims to be one of… Read More

March 9, 2023 @ 8:05 am By Omar Faridi  |  

GIACT, an LSEG (London Stock Exchange Group) business, announces a partnership with Mastercard (NYSE: MA), a global technology company in the payments industry, “to leverage its Open Banking capabilities to provide a secure account verification solution for customers.” The partnership will “build on LSEG‘s existing… Read More