Tagged: open banking

January 16, 2023 @ 7:33 pm By JD Alois  |  

Salt Edge, an Open Banking enabler, has expanded into the Kingdom of Jordan. According to a blog post, Salt Edge will be working with Jordanian Banks and other financial services firms to power Open Banking solutions with its API-driven platform. According to the post, the… Read More

January 8, 2023 @ 8:47 pm By Omar Faridi  |  

Powered by Bud‘s aggregation and data intelligence services, Little Birdie’s subscription management app will “help consumers save money by switching or ditching their unused subscriptions.” As noted in an update from Bud, we’ve “all been there.” The audiobook membership that seemed “like a good idea… Read More

January 8, 2023 @ 5:37 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) announced the launch of the Open Banking Lab according to the Open Banking Framework issued by SAMA November 2022. The Open Banking Lab aims “to enable innovation and accelerate the development of open banking services in the Kingdom as it… Read More

December 27, 2022 @ 7:37 pm By Omar Faridi  |  

Japan-based Fintech Smartpay has launched Smartpay Bank Direct, the country’s first digital consumer finance service that “allows customers to pay for online installment purchases straight from their bank accounts.” Smartpay Bank Direct “emphasizes user security while delivering convenience for the consumer, through a network of… Read More

December 23, 2022 @ 3:19 pm By Omar Faridi  |  

UAE-based Fintech Galaxy, the “first” Central Bank-regulated Open Finance platform in the Middle East, announced the acquisition of Underlie, an Egypt-based Open Banking platform offering APIs to banks and businesses. The deal will help “to set FTG’s Open Finance and Open Banking wheels in full… Read More

December 23, 2022 @ 9:15 am By JD Alois  |  

Recently, the British Retail Consortium (BRC) published a report that indicated usage of credit and debit cards are soaring – fueled in part due to COVID-19 and its impact on how society operates. This should come as no surprise as digital money becomes the norm… Read More

December 18, 2022 @ 10:43 pm By Omar Faridi  |  

Secure Trust Bank has partnered with Mastercard (NYSE: MA) in order to “offer customers more choice and convenience through open banking to repay retail finance.” Open banking empowers consumers “to access, use and benefit from their financial data, and to initiate payments between any of… Read More

December 12, 2022 @ 6:26 pm By JD Alois  |  

Earlier today, the European Banking Authority (EBA) posted an update on certain standards that impact open banking services. One change involves authentication for individual users. CI received a comment from Jan van Vonno, Head of Industry Strategy at Tink – a leading open banking platform…. Read More

December 12, 2022 @ 8:11 am By Omar Faridi  |  

Finastra research reveals that views on Open Banking in the United States have “matured over the last year, with 68% of respondents considering it either a ‘must have’ or ‘important’, up from 48% last year.” Of those who have integrated Open Banking, 100% now say… Read More

December 8, 2022 @ 7:34 pm By JD Alois  |  

Plaid, a leader in open banking technology, is the next Fintech to reduce its staff due to a slumping economy. In a team update, Plaid founder and CEO Zach Perret announced the company was reducing its headcount by 260 positions. Offices around the world were… Read More

December 8, 2022 @ 8:17 am By Omar Faridi  |  

Prism Data, an open banking analytics platform, introduced CashScore v3, a powerful new version of its CashScore credit scoring model that leverages anonymized, consumer-permissioned open banking data “to fully illuminate a consumer’s true credit risk.” That deeper understanding “enables lenders to build more resilient businesses… Read More

December 7, 2022 @ 7:17 pm By Omar Faridi  |  

Ribbon announced it has closed $2.7 million in venture capital funding “to enable the Austin-based startup to roll out its unique fiscal sponsorship model for the burgeoning nonprofit industry.” The company’s fiscal sponsorship model “allows individuals looking to conduct charitable work to partner with existing… Read More

December 7, 2022 @ 4:08 pm By JD Alois  |  

Airwallex has partnered with open banking platform Plaid. The agreement will see Airwallex offer an integrated solution for Automated Clearing House (ACH) payments. Airwallex said this will enable a more seamless and cost-efficient way to authorize debits from bank accounts into Airwallex accounts.  Users will… Read More

December 4, 2022 @ 2:51 pm By Omar Faridi  |  

Nordic open banking provider, Neonomics, has decided to support UNICEF Norway in order “to make donating this holiday period easier and more secure by harnessing the power of open banking payments.” The holiday period is “the most important time of year for charities, but with… Read More

November 25, 2022 @ 7:29 pm By Omar Faridi  |  

This spring, Payset paves the way “for enhanced Open Banking capabilities, faster transaction processing, budget management, and more.” Payset is preparing “to launch a new and improved service, running on core banking technology from Thought Machine, a cloud-native banking technology company based in London.” The… Read More

November 25, 2022 @ 7:07 pm By Omar Faridi  |  

Volt, the global gateway for open banking payments in Europe, the UK and Brazil, and Kriptomat, one of the “fastest-growing” European cryptocurrency exchange platforms, are announcing a partnership “to enable Kriptomat customers throughout Europe to make real-time account-to-account payments to buy, sell and exchange cryptocurrencies.”… Read More

November 25, 2022 @ 8:50 am By JD Alois  |  

Tink, an open banking platform, now offers a new feature called Balance Check that enables users to verify account balances. Tink states that this new feature will simplify the setting up of direct debit mandates, supporting both businesses and consumers. Balances Check utilizes real time… Read More

November 19, 2022 @ 12:24 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is rolling out Easy Bank Transfers, which are described as “a seamless and secure way for UK users to add money to their Coinbase account.” As part of Coinbase‘s mission to increase economic freedom in the world, they are “committed to finding ways… Read More

November 18, 2022 @ 9:31 am By Omar Faridi  |  

Open Banking reportedly “powers 70% of new account connections” in the Frollo app. Frollo notes that they’re pleased to announce that they have “disabled screen-scraping for 20 more banks in [their] free money management app and instead will rely on Open Banking data for those… Read More

November 17, 2022 @ 10:07 pm By Omar Faridi  |  

Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services, a Bahraini Payment Services Provider that is focused on “specializing in POS and online payment gateway acquiring solutions to embrace opportunities in Open Banking.” The… Read More