Tagged: open banking

April 5, 2022 @ 10:02 am By Omar Faridi  |  

  The Open Banking Implementation Entity (OBIE) is pleased to confirm the publication of the Open Banking Standard, version 3.1.3 – including updates to the Read/Write API Specification and Customer Experience Guidelines (CEGs). This is “a minor update to version 3.1.2 which was released in… Read More

April 1, 2022 @ 1:24 pm By Omar Faridi  |  

Klarna, the international retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, has launched ‘Klarna Kosma’, a sub-brand and business unit “to harness the rapid growth of its … Open Banking platform.” By offering simple access… Read More

March 31, 2022 @ 8:36 am By Omar Faridi  |  

Finicity, a Mastercard company, and Fiserv, Inc. (NASDAQ: FISV), both key players in Open Banking tech, are supporting the future of open finance via secure data sharing. A data access agreement between the firms should enable Fiserv financial institution customers to enable consumers to “provide… Read More

March 25, 2022 @ 3:32 pm By Omar Faridi  |  

Spanish Fintech platform SeeDCash has chosen Nordigen for an enhanced financial data import process. SeeDCash is described as an intuitive and advanced analytical system for managing and predicting companies’ liquidity and finances. The application reportedly includes custom payment and transaction categories, automated daily treasury processes,… Read More

March 25, 2022 @ 11:06 am By Tony Zerucha  |  

The Government of Canada this week named its open banking lead. Abraham Tachjian was named to the post by the Hon. Randy Boissonnault, Minister of Tourism and Associate Minister of Finance. Tachjian is currently a director in the financial services practice at PwC Canada, where… Read More

March 25, 2022 @ 9:47 am By JD Alois  |  

  The UK Competition and Markets Authority (CMA) has issued a statement outlining its recommendations regarding the pursuit of Open Banking. The statement follows a consultation that was initiated in the spring of 2021. The CMA said its recommendations will guide a future entity that… Read More

March 23, 2022 @ 2:43 pm By Omar Faridi  |  

When one of the most prominent firms, Andreessen Horowitz, proclaimed in January 2020 that “every company will be a fintech company”, it “spurred a big debate,” according to the team at UK’s MarketFinance. How much should software platforms “build their own solutions, versus embedding third… Read More

March 23, 2022 @ 9:36 am By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, has acquired UK open banking firm Credit Kudos, according to multiple reports. Credit Kudos was apparently purchased for $150 million after putting itself up for sale earlier this year. While neither Credit Kudos nor… Read More

March 23, 2022 @ 1:18 am By Omar Faridi  |  

The Nordic-based payment service provider Avarda has reportedly chosen European open banking provider Aiia, a Mastercard company, in order to support open banking payments via its white-label payment solutions for an extensive range of retailers and merchants. Supported by the Mastercard global Open Banking platform,… Read More

March 18, 2022 @ 5:26 pm By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s leading open banking platforms, recently announced that former Amazon executive David Exposito has now joined the company in the newly created role of VP of EU Sales, where he will “manage commercial operations and development, including the… Read More

March 18, 2022 @ 9:22 am By Omar Faridi  |  

The United Kingdom’s Open Banking Implementation Entity (OBIE) has reportedly appointed Theresa Casey as the General Counsel, after the departure of Selene Brett to Yapily. Casey, who had served as general counsel and company secretary at online retailer N Brown Group, will now be joining… Read More

March 16, 2022 @ 4:33 pm By Omar Faridi  |  

Moneyhub, the Open Data and payments platform, is teaming up with global electronics manufacturer Samsung in order to facilitate the “first” Open Banking payments on a retail self-service point-of-sale (POS) Kiosk. Moneyhub’s Open Banking payment tech along with Samsung’s self-service ordering and payment solution, “will… Read More

March 15, 2022 @ 9:38 am By JD Alois  |  

PostNord Strålfors, part of the PostNord Group, has partnered with European open banking provider Tink, a company that was recently purchased by Visa. PostNord Strålfors operates in the Nordic region and offers corporate communication management and services. The company reports that it is the largest… Read More

March 15, 2022 @ 9:24 am By Omar Faridi  |  

The United Kingdom’s Competition and Markets Authority has clarified what may and may not be used for when it is introduced later in 2022. The CMA mandated the use of Variable Recurring Payments (VRPs) as the mechanism for implementing Sweeping – which is described as… Read More

March 14, 2022 @ 3:35 pm By Omar Faridi  |  

Ebitly and open banking platform Nordigen have joined forces to offer financial information straight onto the program from clients’ bank accounts. Ebitly is a real-time cashflow planning platform, which is focused on giving SMEs access to smart and robust financial management tools. The program’s interface… Read More

March 11, 2022 @ 3:35 pm By JD Alois  |  

Visa (NYSE:V) has completed the acquisition of Tink, a Swedish open banking platform. The acquisition was announced in June 2021 at a valuation of €1.8 billion. At that time Tink stated that it became clear that they shared a common mission with Visa to “connect… Read More

March 10, 2022 @ 11:44 am By Omar Faridi  |  

Open Banking Fintech firm Bud has confirmed its Australian market debut after obtaining accreditation from the Australian Competition and Consumer Commission in order to offer a range of Open Banking services. The Fintech firm, named an international player in Open Banking intermediary services in Forrester’s… Read More

March 1, 2022 @ 9:35 pm By Omar Faridi  |  

Douugh Ltd (ASX: DOU), the banking super app on a mission to help clients “autonomously budget, save and invest their money to live financially healthier lives,” is pleased to confirm a partnership with TrueLayer in order to access Open Banking data in Australia. Open Banking… Read More

February 28, 2022 @ 11:30 pm By Omar Faridi  |  

Globally, 84% of consumers agree that they should “have control of their financial data, and banks should not prevent the movement of money between other financial services.” These are the principles that are the “basic tenets of open banking,” according to an update shared with… Read More

February 26, 2022 @ 10:31 am By Omar Faridi  |  

LatAm Fintech Belvo notes that enrichment products are able to offer out-of-the-box insights based on clients’ transactional data in order to enhance decision-making and allow firms to better understand customers. But how do these products work and what can you build with them, the team… Read More