Credit Karma announced on Friday it has partnered with Bud in a move to provide Open Banking access and smarter services to its members in the UK. Credit Karma reported it provides customers in the UK with one of the most advanced and personalized… Read More
Temenos (SIX: TEMN), the banking software firm, revealed on April 13, 2021, that BlueShore Financial, a boutique “full-service” financial institution, is “digitally transforming” its operations along with Temenos. As mentioned in a release, BlueShore is powered by Temenos Infinity, the omnichannel digital banking solution. BlueShore… Read More
Wage, has closed on a $5 million funding round led by Google’s AI-focused venture fund, Gradient Ventures. Wage is an open banking software solution that securely shares payroll data with third parties. Beyond Gradient Ventures, follow-on investment came from 8VC, Pear Ventures, Bloomberg Beta, CoFound… Read More
UK-based Open Banking solution provider TrueLayer has secured $70 million in capital through a Series D round. TrueLayer‘s latest investment round was led by Addition and included contributions from several angel investors. Following this latest fundraise, the Fintech firm has acquired a total of $142… Read More
EML Payments Limited (ASX: EML) has acquired Sentential and its wholly-owned subsidiaries including open banking firm Nuapay. The binding agreement totals €110 million including an upfront enterprise value of €70 million plus an earn-out of up to €40 million. Sentenial is a cloud-native payments company… Read More
Plaid has announced a significant funding round raising $425 million in a Series D round. It has been rumored for some time that Plaid, a leader in the open banking sector, was raising new capital. New investors Altimeter Capital, Silver Lake, and Ribbit Capital joined… Read More
Open Banking Fintech Plaid is reportedly in the process of closing financing at around a $13 billion valuation. Plaid’s investment round will be led by Altimeter Capital, according to Bloomberg which cited “people” familiar with the matter. Many of the Fintech firm’s current investors will… Read More
LendInvest has teamed up with Credit Kudos in order to improve the underwriting process via Open Banking. Through the partnership, LendInvest and Credit Kudos will aim to provide brokers and clients a more accessible and secure service. The initiative also aims to enable LendInvest with… Read More
Open Banking adoption or usage in the US has been increasing due to a significant rise in customer demand and growing pressure or competition. This, according to a recent from the Financial Technology (FT) Partners. As noted in a report titled, Open Banking: Rearchitecting the… Read More
Property finance marketplace LendInvest has published a blog post in which it’s requesting people to support the company in certain Buy-to-Let, Bridging and Development Awards. LendInvest notes that it’s a busy award season in property lending. Like most years LendInvest has been recognized for its… Read More
The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More
NumberX, an Austria-based fintech, recently announced its plans to launch if app-based payment card, which is powered by open banking. Mastercard is notably the company’s strategic partner for the card. Founded in 2020, NumberX’s focus is on maximum freedom and flexibility, the greatest possible acceptance, and… Read More
Leumi (TASE: LUMI), which is one of Israel‘s most well-established banks, and Tarya Fintech, the nation’s largest peer to peer lending platform, will be developing and adapting Leumi’s mortgage system, as part of the bank’s business transformation initiative. With Tarya’s financial technology and Leumi’s leadership… Read More
Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More
Immigrants who might not have an established credit history may be able to take advantage of advancements in Fintech that provide tools to help these people become homeowners and gain employment as well, according to industry professionals. As first report by CQ Roll Call, new… Read More
Vietnamese banks are becoming a lot more aware of Open Banking policies and are beginning to realize that they should look into leveraging open APIs in order to remain relevant in the evolving digital financial services sector. There are at least two local banks in… Read More
There are no extensive regulations yet on Open Banking in Thailand, however, the government’s digital transformation strategy (and the Thailand 4.0 strategy) along with the introduction of the Personal Data Protection Act (PDPA) in 2020 indicate that the country may soon offer an Open Banking… Read More
Plaid, a top open banking Fintech, has revealed a new service labeled “Income.” The service enables immediate income verification for firms using the application thus reducing the time to completion in situations that require the ability to confirm how much income an individual makes. Examples… Read More
Payment processing and global retail banking platform Klarna announced on Wednesday it has expanded its open banking solution to eight more European countries. The countries are Portugal, Denmark, Luxembourg, Ireland, Croatia, Estonia, Lithuania, and Latvia. According to Klarna, the solution processes more than 150 million transactions per year, offers third-party providers access to… Read More
Banking software firm Temenos (SIX: TEMN) has released a report, titled “Open Banking: Revolution or Evolution?”, which was authored by the Economist Intelligence Unit (EIU) and it’s also based on a survey of more than 300 senior banking professionals. The report revealed that almost half… Read More
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