This week, the United Kingdom governmental organization Open Banking Limited celebrated the seventh anniversary of PSD2 and the creation of open banking. Open Banking Limited is the implementation entity described in a Competitions and Market Authority Order. It created an open banking standard and industry… Read More
TrueLayer, Europe’s open banking payments network, announces a partnership with payments orchestration platform BR-DGE, to bring Pay by Bank to enterprise businesses across the globe. BR-DGE is a key player focused on payment orchestration, working with enterprise businesses, across sectors such as transport, travel, igaming,… Read More
Fintech Plaid has reportedly selected Triangle for its next office, along with plans to hire more staff in 2025. Plaid CEO and cofounder Zach Perret, said that you may think of the company as the “plumbing that connects banks to the app and the app… Read More
As he looks ahead to 2025, DECTA CEO Scott Dawson sees SMEs, Donald Trump, an AI backlash, Open Banking, and PSD3 making headlines. The ‘real’ year of the SME Dawson said markets were assured that 2024 was going be the Year of the SME, but… Read More
Plaid has looked into how financial institutions are thinking about open banking and has shared insightful survey results. In today’s digital world, consumers demand real-time financial services – from mobile banking apps to digital wallets and investment platforms. The adoption of digital tools is no… Read More
Raisin, a platform for savings and investments, has partnered with open banking Fintech Salt Edge to strengthen its compliance with UK regulations, ensuring secure financial solutions for clients. Raisin operates across the European Union, UK, and US, offering customers access to “competitive” interest rates and… Read More
Fintech TrueLayer, which claims to be one of Europe’s most prominent open banking payments network, has teamed up with Ryanair, Europe’s largest airline group. This collaboration is now live and represents a key milestone for both TrueLayer and Ryanair. Ryanair customers are now able to… Read More
At Plaid, they’re seeing a renewed interest in businesses expanding into Europe from the United States and from the US into Europe, as “demand for online finance continues to grow.” Nearly nine in ten consumers use fintech tools, according to Plaid’s The Fintech Effect report,… Read More
Tarabut, an open banking platform operating in the MENA region, and Geidea, Saudi Arabia’s payments solutions provider, have entered a strategic partnership to explore and develop SME financing solutions, subject to regulatory approvals. SMEs represent 1.3 million businesses in Saudi Arabia, and they face a… Read More
Truelayer, which was once a Fintech Unicorn (valued at over $1 billion), has made the decision to cut around a quarter of its workforce. This appears to part of Truelayer’s overall business strategy to substantially lower costs and attempt to move towards profitability in order… Read More
The Juniper Research team has shared key insights on digital-only banking and other Fintech trends encompassing neobanks and the emergence of Fintech innovations offered via digital banking platforms. The digital banking market is an evolving space, with digital banks racing to get banking licenses, create… Read More
GoCardless, a bank payment company, has expanded its relationship with Big Red Cloud. The cloud accounting software firm, which is a GoCardless customer, will now become one of its 350+ partners by “integrating GoCardless’ payment capabilities into its platform.’ This means Big Red Cloud customers… Read More
According to some insiders, U.S. open banking is poised for significant acceleration, but political uncertainty could hamper momentum. The Consumer Financial Protection Bureau (CFPB) finalized its Personal Financial Data Rights Rule under Section 1033 of the Dodd-Frank Act two weeks ago. The rule mandates that banks and other… Read More
Open banking enabler Salt Edge has announced a partnership with the Central Bank of Bahrain (CBB) to boost its tech stack in regard to its Open Banking Framework and requirement for banks to have APIs for corporate accounts. Bahrain is said to be the first… Read More
According to a global survey of Open Banking, 90% of companies are considering U.S. expansion following the finalization of new regulations this week. That is among the findings in The Transatlantic Index USA, a report released by Open Banking Excellence (OBE). The publication features insights… Read More
The Open Banking rules announced by the Consumer Financial Protection Bureau (CFPB) may dramatically alter the entire consumer financial services sector. Customers may soon be in control of their own data – determining who may, and who may, not access the information. This may expedite… Read More
There has been much discussion of the Open Banking rules announced by the US Consumer Financial Protection Bureau (CFPB). While many support the new regulations, which aim to empower consumers to control their financial services data—allowing when and by whom to use the information—some are concerned about having a… Read More
The Consumer Financial Protection Bureau (CFPB) released final Open Banking rules today. The new rules impact banks, brokerages and more, and go into effect over the next few years. Open Banking or Open Finance addresses the topic of data generated or provided by consumers… Read More
The Consumer Financial Protection Bureau (CFPB) has completed its rulemaking process for certain segments of Open Banking. Open Banking, or Open Finance, addresses the massive amounts of data generated by financial services firms and their customers. In the past, these firms have largely leveraged this… Read More
Mastercard (NYSE: MA) has officially introduced a range of new open banking-powered tools that put consumers in control of their data, safely and securely. Global payments firm Mastercard is launching Connect Plus, which is said to be data-consent command center, and new enhanced identity and… Read More
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