Tagged: open banking

January 20, 2022 @ 9:04 am By JD Alois  |  

Plaid has acquired Cognito, a firm that provides ID verification including anti-money laundering (AML) and know your customer (KYC) services. Plaid has emerged as a key open banking platform connecting top Fintech and traditional financial services firms around the world. Plaid said that Cognito was… Read More

January 19, 2022 @ 9:31 am By JD Alois  |  

Linked Finance, a peer-to-peer lending platform serving Irish SMEs, says it has incorporated open banking technology to speed up the lending process. Open banking can enhance financial services by seamlessly accessing data and information across different platforms. By integrating with other financial services providers, products… Read More

January 16, 2022 @ 2:17 pm By Omar Faridi  |  

Open Banking is four years old now, however, the team at TrueLayer asks “who’s using it, how is it benefitting consumers and what’s next?” TrueLayer writes in a blog post that the updated Payment Services Directive (PSD2) came into force “on 13 January 2018, introducing… Read More

January 14, 2022 @ 8:56 am By Omar Faridi  |  

UK-headquartered digital bank Monzo reveals that they’re opening up their Open Banking-powered gambling block to “all Open Banking providers, following a pilot last year with Truelayer.” As mentioned in the update from Monzo, this extension will let all licensed UK Open Banking firms to “integrate… Read More

January 13, 2022 @ 12:50 pm By JD Alois  |  

Financial data provider MX has announced that Shane Evans has been appointed Interim Chief Executive Officer and member of the Board of Directors, effective immediately. Founder Ryan Caldwell has exited the CEO role and will transition to Executive Chair. The change is being led by… Read More

January 11, 2022 @ 4:12 pm By Omar Faridi  |  

Financial services have become a lot more accessible, seamless, and user-friendly in the past decade due largely to the rise of innovative Fintech platforms throughout the world. Traditional banking service providers have launched their own digital transformation strategies in order to remain competitive in a… Read More

January 10, 2022 @ 3:05 pm By Omar Faridi  |  

Open Banking is the “future of banking,” according to an update from alternative investment platform YieldStreet. The team at YieldStreet has explained how Open Banking can impact your banking experience. In an episode of The Yield, Yieldstreet CFA Peter Kerr was joined by Frédérick Lavoie… Read More

January 7, 2022 @ 10:00 am By Omar Faridi  |  

Jack Wilson, ex-FCA advisor and TrueLayer’s Head of Public Policy, notes that he’s responsible for coordinating how the firm “influences” public policy (government and regulators) to ensure the appropriate conditions for the company’s growth across the United Kingdom, European Union, internationally. A lot of the… Read More

January 2, 2022 @ 2:29 am By Omar Faridi  |  

Towards the end off 2021, industry professionals from Finn AI, MX, Q2, and Rival Technologies came together to talk about what they’ve learned throughout the year and what advice they’d like to “impart to banks and credit unions in 2022.” By looking at the latest… Read More

December 28, 2021 @ 1:39 pm By Tony Zerucha  |  

Open banking is a fast emerging trend in the Fintech sector, and several factors will help it to evolve in 2022, Axway’s head of open banking Eyal Sivan said. The upcoming year will be when North America begins its formal adoption of open banking, Sivan… Read More

December 27, 2021 @ 3:51 am By Omar Faridi  |  

European open banking platform Tink has finalized the acquisition of German open banking infrastructure provider, FinTecSystems, following regulatory clearance. FinTecSystems will now become part of Tink, according to a release. After the acquisition, the combination of Tink’s pan-European open banking platform and FinTecSystems’ product suite… Read More

December 23, 2021 @ 11:47 pm By Omar Faridi  |  

The only “free” Open Banking platform, Nordigen, has entered into a partnership with full-service company management tool provider, Enty, in order to offer the latter with banking data that’s delivered right to their dashboard, along with integration with their other solutions. Enty may be described… Read More

December 22, 2021 @ 2:03 pm By Tony Zerucha  |  

Super apps, openness in customer data ownership, and Generation Hashtag will be key topics in fintech in 2022, according to GlobalData’s Tech, Media, & Telecom (TMT) Predictions 2022. GlobalData thematic analyst Amrit Dhami said while mobile commerce is leading to the development of super apps… Read More

December 20, 2021 @ 10:23 pm By JD Alois  |  

Open Banking Europe (OBE) reports that it has extended its memorandum of understanding (MOU) with the European Telecommunications Standards Institute (ETSI) for three more years. OBE provides standardised solutions while working with stakeholders to facilitate a greater understanding of open banking and enable collaboration between… Read More

December 17, 2021 @ 10:40 am By JD Alois  |  

Plaid, a leading open banking platform, has published a blog post that reflects on 2021 while providing some insight into their expectation for 2022. Authored by Keith Grose, GM of International at Plaid in London, explained that Fintech’s disruptive capacity is far beyond financial services…. Read More

December 13, 2021 @ 11:49 pm By Omar Faridi  |  

The Open Banking Limited (OBL) board is looking for a Chief Executive Officer who will be responsible for leading the everyday operations of the Open Banking Implementation Entity (OBIE) and its gradual transition to an organization that will be observing the Competition and Markets Authority’s… Read More

December 11, 2021 @ 3:46 pm By Tony Zerucha  |  

MENA open banking platform Tarabut Gateway this week announced a partnership with Zain Bahrain to provide the region’s first use case of open banking payments within a telco app. The companies said this is the first time a regional telecom provider has used open banking… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

December 6, 2021 @ 11:49 am By Tony Zerucha  |  

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More

November 27, 2021 @ 10:24 am By Omar Faridi  |  

Landsbankinn, which is one of the largest Icelandic banks, has teamed up with Salt Edge, a provider of Open Banking services. Through their partnership, the organizations will focus on  complying with Icelandic law on the latest PSD2 legislation. The Act on Payment Services, which incorporates… Read More