Tagged: open banking

January 20, 2021 @ 8:42 am By JD Alois  |  

finleap connect, an open banking platform, has signed a strategic partnership agreement with SIA, a European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, to deliver new open banking services to European Fintechs, banks and more, according to a release…. Read More

January 18, 2021 @ 4:15 pm By JD Alois  |  

Konsentus, a firm that provides open banking identity and regulatory checking services to protect our customers and partners from the risk of fraud has acquired Open Banking Europe (OBE) S.A.S. from PRETA, according to a release. Details of the transaction were not provided. Open Banking… Read More

January 15, 2021 @ 8:38 am By JD Alois  |  

Open banking Fintech Yapily, a London-based startup, will open an office in Vilnius, Lithuania, the company’s third European office. Yapily notes that it joins a number of UK Fintechs including Revolut, Curve, and Square that have operations in Lithuania. The company says it will hire… Read More

January 13, 2021 @ 12:27 pm By JD Alois  |  

The US Department of  Justice has announced that Visa’s acquisition of Plaid, an open banking Fintech, has been called off. The decision to abandon the $5.3 billion acquisition was due to a civil antitrust lawsuit filed on Nov. 5, 2020, to stop the merger. The DOJ… Read More

January 12, 2021 @ 10:06 am By JD Alois  |  

Sweep, an open banking Fintech that provides SMEs an expense and travel management platform, says it hit its 2020 funding target having raised £900,000 in investments and grants during 2020. Sweep completed an offering on Seedrs in December raising £250,000 in a Future Fund backed… Read More

January 6, 2021 @ 1:02 pm By JD Alois  |  

Salt Edge, and open banking service provider, has partnered up with Sorted – a Germany based accounting app that targets freelancers and self-employed. According to a blog post, by utilizing the Salt Edge Partner Program, Sorted is able to connect to the customers’ bank account… Read More

January 4, 2021 @ 11:22 pm By Omar Faridi  |  

Andrew King, Head of Synechron, a digital transformation consulting firm for financial services, notes that the exponential growth in digital transactions and data, along with regulatory developments, is changing the way companies are conducting business. King pointed out in an Op-Ed published by Insurance Business… Read More

January 3, 2021 @ 12:55 pm By Omar Faridi  |  

Fintech companies are reportedly urging the UK’s Financial Conduct Authority (FCA) to “break” banks during 2021. A group of London-based startups is asking the FCA to look into ending the control and dominance of traditional banking institutions, specifically their use of consumer data. The companies… Read More

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