June 15, 2018 @ 9:40 am By JD Alois  |  

Alior Bank has announced a “pan-European collaboration” with Raisin, solarisBank and Mastercard. The four separate companies are seeking to create a new financial platform based on an open API model. This new model hopes to enable their clients “to benefit from truly open banking.” According… Read More

May 9, 2018 @ 10:38 pm By JD Alois  |  

FinTech Australia is lauding the Aussie Government’s policy push regarding Open Banking. The advocacy group says the Australian decision has pushed back against big banks to open true banking reform by next year. “A government-backed Open Banking framework will be a game-changer for consumers and businesses,… Read More

April 16, 2018 @ 10:05 pm By JD Alois  |  

“Stop knee-jerk anti-competitive measures by banks” FinTech Australia is out with a note on the push to achieve Open Banking rules – somewhat similar to what the UK kicked off this past January. The advocacy group responded to a submission by the Australian Banking Association… Read More

March 23, 2018 @ 11:05 am By Erin Hobey  |  

ORCA Alliance, an Open Banking platform designed for cryptocurrency users aims to unite fiat and crypto in a single convenient interface, is taking advantage of the European PSD2 directive. Founded by CEO Natan Avidan, ORCA Alliance aims to give its users the possibility to keep and track… Read More

February 20, 2018 @ 3:17 pm By Samantha Hurst  |  

On Monday, Credit Kudos, a challenger credit bureau, and Lending Works, a fast-growing peer-to-peer (P2P) lending platform, announced they were teaming up to launch a new Open Banking initiative, which is described as a secure way for banking customers to take control of their financial data. According… Read More

February 9, 2018 @ 12:45 pm By JD Alois  |  

“Open banking regime will empower customers, enhance competition and drive Australian innovation” FinTech Australia today welcomed news that the Australian Government will legislate to empower customers by requiring banks to allow these customers to access their own data. The Government has published a report on… Read More

February 9, 2018 @ 7:37 am By JD Alois  |  

Last July, Australia commissioned a review of Open Banking seeking recommendations as to how to best pursue this policy shift in Australia. Commissioned by Treasurer Scott Morrison, MP and chaired by Scott Farrell, the Australian government has now published a report that makes 50 recommendations…. Read More

January 15, 2018 @ 7:01 am By JD Alois  |  

Following a closed beta launch in December, Emma Technologies has announced the Financial Conduct Authority (FCA) has give regulatory approval to the company under the Payment Services Regulations 2017 for the provision of payment services. In the UK on January 13th requirements under PSD2, as… Read More

January 12, 2018 @ 5:52 pm By JD Alois  |  

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

December 13, 2017 @ 7:59 am By JD Alois  |  

Nesta, a global innovation foundation, has announced the ten Fintech firms that have won Stage 1 of the Open Up Challenge. The Challenge is in recognition of the launch of Open Banking in January 2018. Chris Gorst, Challenge Prize Lead at Nesta, congratulated all of… Read More

November 24, 2017 @ 7:49 pm By JD Alois  |  

Many people are still sorting through the various proposals announced by Chancellor of the Exchequer Philip Hammond during the Autumn Budget statement from the past week. Parsing through the nuances of the many policy pronouncements is an annual affair. So what is in the Budget… Read More

October 18, 2017 @ 2:14 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has published principles for data sharing and aggregation regarding individual consumers. As data become ubiquitous there is a looming concern about who owns or controls personal information. In an age of rampant cybersecurity issues, setting guidelines for what banks… Read More

October 10, 2017 @ 5:00 am By Therese Torris  |  

On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Thames, opened with a presentation by Imran Gulamhuseinwala OBE, Global Head of FinTech at consultancy firm EY, who spoke about “The… Read More

October 3, 2017 @ 9:17 am By Samantha Hurst  |  

Oracle announced on Monday the launch of its new digital innovation platform for open banking. According to the company, the platform enables the development and deployment of fintech capabilities on a single platform in the public cloud. Sanjay Mathew, Senior Director of Oracle’s Industry Solution Group, shared details… Read More

July 20, 2017 @ 10:36 am By Erin Hobey  |  

UK small business lender Growth Street has been selected to participate in Nesta’s Open Up Challenge. As one of 20 Stage 1 participants, Growth Street will work to develop new tools and change small business banking in the UK. Growth Street will build services that use… Read More

July 19, 2017 @ 8:12 am By JD Alois  |  

Nesta , a global innovation foundation, has announced the twenty Fintech firms that will participate in the Open Up Challenge. Nesta announced the competition this past February. The Open Up Challenge is a global search for organizations who would use new open banking Application Programming… Read More

July 11, 2017 @ 10:50 am By Therese Torris  |  

Banks represented by the European Banking Authority (EBA) and Fintechs represented through the Future of European Fintech are in profound disagreement about the technical standards for the implementation of the Second Directive on Payment Services (PSD2). Banks argue that screen scraping should be banned in… Read More