Tagged: open banking

December 18, 2020 @ 9:38 am By Samantha Hurst  |  

Finicity, a Mastercard company and provider of open banking solutions, announced on Thursday it has signed a data access agreement with U.S. fintech Brex. Finicity repeated that through the partnership, it is extending its leadership in direct data access through the use of an application… Read More

December 15, 2020 @ 3:28 pm By JD Alois  |  

Admiral Financial Services Limited (AFSL), part of the Admiral Group (LSE:ADM), has selected credit reference agency Credit Kudos to provide Open Banking data to initially help with income verification for its personal loan products. According to AFSL the access to more up-to-date information than was… Read More

December 11, 2020 @ 8:01 am By Samantha Hurst  |  

  Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it secured €85 million through its latest investment round, which was co-led by Eurozea Growth and Dawn Capital with participation from  PayPal Ventures, HMI Capital, Heartcore, ABN AMRO Ventures,… Read More

December 10, 2020 @ 9:02 pm By Omar Faridi  |  

Plaid, which is having to deal with a suit in federal court (filed by US Dept of Justice) pertaining to Visa’s (NYSE:V) pending $5.3 billion acquisition of the firm, enables financial technology providers like Chime, Robinhood, and Venmo to gain access to banking data. The… Read More

December 8, 2020 @ 7:41 am By Omar Faridi  |  

A new study has found that SMEs are now using Open Banking solutions a lot more frequently than before the pandemic began. Approximately half of the SMEs that took part in a recent survey claim they’re now using Open Banking services providers, according to research… Read More

December 7, 2020 @ 11:39 am By JD Alois  |  

Railsbank, a Banking-as-a-Service (BaaS) platform, has announced the launch of two new products, the Houston platform and OpenRailz API. Houston is Railsbank’s new User Interface layer on top of the Railsbank open finance Operating System (ROS). The no-code platform is expected to transform the building,… Read More

December 3, 2020 @ 9:23 am By Samantha Hurst  |  

  Digital payments company Payoneer announced on Thursday it has joined forces with TrueLayer to launch its open banking service for customers in the UK and Europe. Payoneer reported that its customers in these regions will now benefit from lower fees, faster payments and increased… Read More

December 2, 2020 @ 9:24 am By Omar Faridi  |  

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have partnered with Monerium in order to bring regulated fiat money to the… Read More

December 1, 2020 @ 10:29 am By JD Alois  |  

Nordigen, a Latvia based Fintech, has launched an Open Banking API that incorporates a freemium model. According to Nordigen, developers in companies of all sizes may access PSD2 data from major banks from across Europe via a single API. Nordigen pairs the free service with… Read More

November 25, 2020 @ 7:44 am By JD Alois  |  

Saas provider Konsentus has announced the launch of its Open Banking Hub (OB Hub), a cloud based service that offers clients a global open banking solution. According to Konsentus, the OB Hub is designed to remove the complexity involved in setting up a central and… Read More

November 24, 2020 @ 8:12 am By Omar Faridi  |  

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

November 23, 2020 @ 11:33 pm By Omar Faridi  |  

Taiwan’s Joint Credit Information Center (JCIC) is reportedly planning to provide a database for local Fintech firms so that they can obtain relevant information on consumers’ credit risk profiles. Taiwan’s Financial Supervisory Commission (FSC) made this announcement after Fintech companies held a meeting in June… Read More

November 19, 2020 @ 9:04 am By Omar Faridi  |  

Open Banking Fintech firm Nordic API Gateway has launched a platform, called Aiia, that aims to meet the opportunities of PSD2, which is a European regulation for digital payment services. PSD2 aims to make electronic payments more secure in Europe, support innovation and assist banking… Read More

November 19, 2020 @ 9:01 am By Omar Faridi  |  

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

November 17, 2020 @ 9:28 am By JD Alois  |  

Goodlord, a Proptech that digitizes property management – and more, has partnered with credit reference agency and Open Banking provider, Credit Kudos, to improve the rental process for agents, landlords and tenants by allowing more accurate assessments of a tenant’s financial situation. According to a… Read More

November 13, 2020 @ 7:54 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has announced certain changes that are aimed at limiting the “risk of disruption” to Open Banking services after Brexit. The FCA’s changes are intended to allow UK-headquartered third-party providers (TPPs) to use an alternative to eIDAS certificates to gain… Read More

November 12, 2020 @ 9:36 am By Samantha Hurst  |  

Yapily, a UK-based open banking infrastructure provider, announced earlier this week it has expanded and launched in Germany as it turns its attention to drive open banking adoption for organizations throughout Europe. As previously reported, Yapily is an enterprise connectivity platform that enables companies to… Read More

November 11, 2020 @ 11:18 pm By JD Alois  |  

Former peer to peer lender and now digital SME lender ThinCats has partnered with Salt Edge, an Open Banking solutions provider, to improve the efficiency of its upfront credit assessment and ongoing loan monitoring processes. Salt Edge is a Fintech offering an API platform with… Read More

November 5, 2020 @ 10:00 am By Lauren Descout  |  

The events of 2020 have caused many people to reassess how they manage their businesses. Treasurers were forced into an unprecedented situation where they had to manage cash and international payments from suppliers and customers at a time of significant uncertainty and instability – all… Read More

November 5, 2020 @ 7:35 am By JD Alois  |  

The Bank of England’s Monetary Policy Committee has voted unanimously to maintain the Bank Rate at 0.1% following a meeting yesterday. As the economy continues to be challenged by the COVID-19 health crisis, the MPC also decided to continue its quantitative easing plan. For savers,… Read More