Tagged: open banking

Open Banking: CFPB Looks for Feedback on Consumer Access to Financial Records

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting information related to consumer access to financial records. In brief, the CFPB is asking interested parties as to how it might most efficiently and effectively develop regulations to implement… Read More

Open Banking Survey from ING Reveals that what Consumers Say and Do with Finances aren’t Necessarily the Same

What consumers might say and what actions they take when it comes to sharing personal financial data (via Open Banking) are two different things, ING Bank notes. Although there are many tools to help improve our financial lives, the findings of an ING global survey… Read More

Update: Open Banking Marketplace Platform Upside Saving Set to Close Seedrs Campaign With More Than £330,000 Raised

Upside Saving, a UK-based open-banking-marketing-platform connects Brands with consumers by offering frictionless cashback, is set to close its equity crowdfunding campaign on Seedrs with more than £330,000 raised. The funding round was launched earlier this month and has attracted over 315 Seedrs investors. As previously… Read More

Open Banking Developments in Singapore May lead to More Transformative Fintech Changes that those Offered by Digital Banking

Open Banking developments in Singapore could lead to more changes in traditional banking processes than those that involve digital banking and related infrastructure upgrades. Singapore’s addressable loan market for digital banks is valued at around S$220 and S$243 billion, according to estimates from the Fintech… Read More

Fintech Professional Explains how Payment Initiation Service Providers are Offering Improved Payment Solutions after PSD2 Went Live

Ciaran O’Malley, Head of Commercial Strategy at Trustly, a Stockholm, Sweden based financial services firm that aims to offer fast and secure online banking solutions, says that since PSD2 went live in September of last year, a “raft” of Payment Initiation Service Providers (PISPs) have… Read More

French Mobile Payments Firm Lydia Selects Tink as its Open Banking Partner

French Paytech firm Lydia has teamed up with Tink in order to enable Open Banking connectivity. Lydia’s mobile payment app will be using Tink’s open banking tech to access PSD2 APIs across Europe. Tink and Lydia will be working cooperatively to improve bank account connectivity… Read More

Melbourne’s module8 Partners Nium to Launch Payment and Card-Issuing Services for Fintechs and Digital Banks in APAC Region

David Laird, CEO at modul8, a Melbourne based financial services firm, confirms that his company has teamed up with Nium in order to build better payments solutions in Australia and Southeast Asia. Nium is a global finance infrastructure firm. It will offer payment card-issuing services… Read More

Prime Trust Announces Integration With Bittrex

Prime Trust, a blockchain-driven trust company, announced on Tuesday it has API integrated Bittrex, a blockchain tech and cryptocurrency exchange. The integration allows traders to move fiat on the exchange in real time and on a limitless basis. While sharing more details about the integration,… Read More

Overfunding: Open Banking Marketplace Platform Upside Saving Surpasses £300,000 Funding Target on Seedrs

Upside Saving, a UK-based open-banking-marketing-platform connects Brands with consumers by offering frictionless cashback, has successfully secured its initial £300,000 funding target on equity crowdfunding platform Seedrs. Upside Saving’s campaign has already attracted more than 200 Seedrs investors. Founded in earlier this year, Upside Saving is… Read More

Open Banking Platform AccountStore Partners Fintech Click2Check to Offer Credit Assess Solution for Mortgage Advisors

AccountScore, an Open Banking platform, has teamed up with Fintech firm Click2Check in order to offer a new solution, called Credit Assess, which may be helpful for businesses and professionals working in the mortgage advisory market. According to a release, the Credit Assess solution offers… Read More

Italy based Enel to Become First Major European Utilities Provider to Launch Digital Banking Platform

Italy-based Enel will soon be the first of Europe’s major utilities providers to introduce a digital banking platform this month. According to Reuters, the virtual bank will let customers open a new current account by using the debit card they use to settle their energy… Read More

Embedded Finance: Raisin Reports Topping UK Growth Target in Spite of COVID

Raisin, a European Fintech that leverages open banking to offer a deposit marketplace, says growth in the UK has topped expectations in spite of the ongoing COVID-19 health challenge. Raisin claims it is going “against trend” and has passed its 2020 annual growth target of… Read More

UK Fintech Currensea Is Offering a New Debit Card for SMBs that Leverages Open Banking

UK-based Fintech firm Currensea has introduced a new product for small businesses. The company is offering a debit card for SMBs that aims to leverage the benefits of Open Banking, so that it’s easier to carry out digital transactions. Currensea’s debit card allows SMEs to… Read More

Open Banking: Australia’s IMB Bank Launches New Platform for Sharing Data on Deposits, Transaction Accounts

Australia based IMB Bank will be introducing Open Banking services. The mutual bank confirmed on October 5, 2020, that it would provide a new banking platform that can share certain financial data through an API integration. The NSW-headquartered building society IMB Bank noted that, during… Read More

Open Banking Solutions are Increasingly Being Adopted in the UK, Users Doubled to 2 Million in 6 Months

Open Banking solutions are increasingly being adopted globally and also in the United Kingdom, where user numbers have doubled to around 2 million during the past 6 months. The Open Banking Implementation Entity (OBIE), an organization established by the UK’s Competition and Markets Authority (CMA)… Read More

No Code Integration Company Digibee Co-Founder Says Open Banking Is Revolution that Could Streamline Financial System

  Rodrigo Bernardine, Co-founder at Digibee Inc, a company that aims to connect enterprises to the world 10x faster with “No Code” Integration methods, claims that Open Banking is a revolution that could streamline or enhance the existing financial system. He notes that banks require… Read More

Germany: Fintech Raisin Partners with Procheck24 on Offering for Deposit Solutions

Procheck24, Germany’s largest financial product broker, is collaborating with Raisin to offer a “novel” deposits solution for financial institutions. According to a note from Raisin, its services will now be made available via Procheck24’s 60,000 business partners including client banks. Raisin is an open banking… Read More

Open Banking Firm Tink Acquires OpenWrks Aggregation Service in Move to Solidify UK Market Position

Tink, a leading Open Banking platform, has acquired an aggregation platform operated by OpenWrks. Tink is making the move to strengthen its position in the UK while buttressing its European expansion. The acquisition is also part of a strategic partnership where OpenWrks will power its… Read More

Charles Schwab to Work with Finicity to Enhance Security of Customers’ Data via Open Banking Solutions

Finicity, the provider of a real-time financial data aggregation and insights platform, has reportedly entered a direct data agreement with Charles Schwab (NYSE:SCHW), the world’s third-largest asset manager (behind BlackRock and Vanguard) and the 14th largest banking institution in the US with over $3.3 trillion… Read More

Working Capital Firm Cape to Offer Corporate Credit Cards in 2021 that Will Leverage Open Banking Tech

Cape, an Australian working capital firm, is planning to offer a corporate credit card that will leverage Open Banking technology. The company says the card will be available in 2021. Established by experienced Fintech professionals who previously worked at Funding Circle, Funding Options and 11:FS,… Read More

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