Tagged: open finance

November 13, 2025 @ 8:26 am By Tony Zerucha  |  

Humanity Protocol, an on-chain digital identity solution provider, this week announced a new integration that brings together Mastercard’s open finance connectivity with Humanity Protocol’s identity verification platform Human ID. Rolling out first in the United States, the enhanced platform will enable users to tap into… Read More

September 27, 2025 @ 9:14 am By Omar Faridi  |  

As the supporter of Latin America’s leading economic contributor, the Banco Central do Brasil (BCB) is charting a transformative course for the financial sector in the South American nation of Brazil. Recent announcements underscore this evolution: a reflective celebration of five years of Open Finance… Read More

September 15, 2025 @ 10:43 am By Omar Faridi  |  

In the ecosystem of open finance, where data sharing powers innovative financial services, Plaid is releasing updates aimed at bolstering security and streamlining operations. This month, Fintech Plaid unveiled seemingly pivotal updates: the Aggregator Token for reducing costs and complexity, and new standards for safer,… Read More

July 9, 2025 @ 6:09 am By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has published a report on Open Banking in APAC countries. The research covers 16 different jurisdictions and the status of Open Banking development across the region. Open Banking, also known as Open Finance, refers to the ability to share data… Read More

April 27, 2025 @ 9:39 am By Omar Faridi  |  

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

April 26, 2025 @ 3:20 am By Omar Faridi  |  

In an era where financial connectivity is becoming increasingly important, Plaid is positioning itself as a key player in delivering more reliable, scalable solutions for Open Finance. Through technical innovation, automation, and partnerships, Plaid is  addressing today’s integration challenges and is also focused on laying… Read More

April 18, 2025 @ 12:24 am By Omar Faridi  |  

Belvo has reportedly secured $15 million in new round of funding to power the next phase of Open Finance growth in Latin America. The investment round included participation from new investors Quona Capital and existing ones Kaszek, Kibo Ventures, Future Positive, Citi Ventures, and Y… Read More

October 22, 2024 @ 11:45 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking. Open Banking, or Open Finance, addresses the massive amounts of data generated by financial services firms and their customers. In the past, these firms have largely leveraged this… Read More

August 21, 2024 @ 1:03 pm By Omar Faridi  |  

Støtte, a platform designed to make it easier for sports associations and humanitarian organizations to receive support, announces its introduction of open banking with Neonomics. Støtte allows supporters to make micro-donations “with every financial transaction they make. Neonomics has worked closely with Støtte to connect… Read More

August 5, 2024 @ 10:01 am By Omar Faridi  |  

Klickl, the Middle East’s Web3 open finance platform, has partnered with Sumsub, a global full-cycle verification platform, to meet stringent regulatory requirements for cryptocurrencies and improve user identity verification. This collaboration enhances Klickl’s compliance, fraud prevention, and user asset security. Sumsub will integrate comprehensive KYC… Read More

May 29, 2024 @ 2:14 pm By Tony Zerucha  |  

Fabrick, an open finance operating company, this week announced the acquisition of finAPI GmbH, a German open finance solutions provider. Founded in Munich in 2008 to develop solutions for the aggregation and analysis of financial data, finAPI serves more than 350 clients, including banks, financial… Read More

April 10, 2024 @ 9:25 am By JD Alois  |  

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

January 3, 2024 @ 11:34 am By Omar Faridi  |  

Plaid says that it has led the industry shift away from screen scraping, with the majority of their traffic now “on or committed to APIs.” Plaid are pleased to see regulators “reaffirm the industry’s adoption of this new technology.” At the same time, the open… 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

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

October 20, 2023 @ 1:48 pm By Omar Faridi  |  

MX Technologies, Inc., an Open Finance service provider, announced it has named Jane Barratt as its Chief Advocacy Officer and Head of Global Public Policy. She brings more than 25 years of experience working “with financial institutions, technology and Fortune 500 companies, policymakers, and regulators,… Read More

October 12, 2023 @ 10:50 am By Omar Faridi  |  

The Central Bank of Jordan (CBJ) has taken a significant step towards modernizing the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating “within the jurisdiction of CBJ, as well as online payment… Read More

September 26, 2023 @ 8:40 am By Omar Faridi  |  

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

September 23, 2023 @ 6:12 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

August 29, 2023 @ 10:19 am By Omar Faridi  |  

The team at Fintech Plaid are pleased to have Cecilia Frew join the open banking provider as their Head of Open Finance. As the industry comes together to establish data connectivity standards and embrace digital finance, Plaid’s relationship with financial institutions “continues to evolve.” Today,… Read More