Tagged: open banking

November 7, 2022 @ 11:11 pm By Omar Faridi  |  

SAMA announced the issuance of the Open Banking Framework as one of the key outputs of the Open Banking Program, which “includes a comprehensive set of legislation, regulatory guidelines and technical standards based on international best practices to enable banks and fintechs to provide open… Read More

October 25, 2022 @ 10:28 pm By JD Alois  |  

Earlier today, during Money20/20, CFPB Director Rohit Chopra commented on the concept of Open Banking (or Open Finance) alongside his perspective on the CFPBs “new approach to regulation.” Chopra stated: “This week, the CFPB will launch the process to activate a dormant authority under Section… Read More

October 24, 2022 @ 7:09 pm By Omar Faridi  |  

Open Banking Expo, the global community of Open Banking and Open Finance executives responsible for digital transformation across financial services and beyond, has partnered with American Express in order “to launch the world’s first Women in Open Banking.” The new industry initiative is “aimed at… Read More

October 22, 2022 @ 7:01 pm By Omar Faridi  |  

Open banking payments platform, Token and Payment Service Provider (PSP), Computop Paygate, have joined forces “to answer the growing demand for Open Banking payments in Europe.” Using Token’s Open Banking connectivity and platform, Computop “enables account-to-account (A2A) payments for eCommerce merchants, whitelabel partners and resellers… Read More

October 19, 2022 @ 12:41 pm By Omar Faridi  |  

GoCardless, which claims to be a global leader in direct bank payments, has signed Crowdz, the small and mid-sized enterprise (SME) finance platform, “as its latest customer as the company looks to integrate open banking to enhance its ability to drive equitable access to finance… Read More

October 19, 2022 @ 8:22 am By Omar Faridi  |  

UK-based open banking and request to pay Fintech firm Ordo has secured £10 million in a Series A round that was reportedly led by Equinox Systems. Established in 2018 by the former management team of the Faster Payments scheme, Ordo allows companies to request payments… Read More

October 18, 2022 @ 11:31 pm By Omar Faridi  |  

UK-headquartered payments Fintech, allpay Limited, have teamed up with Salt Edge, a key player in Open Banking services, to enable businesses to offer customers, including people with vulnerable financial situations, a convenient payment experience, being a part of the larger financial inclusion initiative of the… Read More

October 11, 2022 @ 10:57 pm By Omar Faridi  |  

LuLu Financial Group – which claims to be one of UAE’s leading financial services company, has joined hands with Wio Bank – the region’s “first” platform bank to allow Wio Business customers “to make account deposits through its network of LuLu Exchange branches.” The partnership… Read More

October 11, 2022 @ 7:44 am By Omar Faridi  |  

Bank of America’s (NYSE: BAC) online payment solution, Pay by Bank, is now available for euro currency payments. Delivered in conjunction with Banked Ltd., this development follows the UK launch of Pay by Bank in February this year and “allows customers of e-commerce companies to… Read More

October 9, 2022 @ 10:50 am By Omar Faridi  |  

Channel Capital Advisors LLP is pleased to announce “the launch of its specialist Fintech Lending Strategy, with commitments from global institutional investors.” The first $100m tranche of the $300m strategy will be “deployed immediately to leading fintech lenders.” Channel’s fund will be “deployed to digital… Read More

October 7, 2022 @ 3:51 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a provider of open banking built on the Amplify API management platform, is pleased to announce its partnership with Blanc Labs, a “trusted” financial service and healthcare innovation partner. While the largest banks are already well along their digital journey, many others… Read More

October 3, 2022 @ 10:22 am By Omar Faridi  |  

Open Banking-enabled Fintech Currensea has reportedly acquired £2.4 million in capital from VCs Blackfinch Ventures and 1818 Venture Capital. The proceeds will be used to support the Fintech platform’s ongoing growth plans. Currensea, which is the “money-saving” travel card that aims to eliminate the hefty… Read More

September 27, 2022 @ 3:37 pm By Omar Faridi  |  

Fintech Galaxy, which claims to be one of the industry-leading financial innovation companies, has announced the addition of a team of global Open Banking/Finance experts “as it looks to ramp up its product offering and presence across the MENA region.” Appointments reportedly “include Salt Edge’s… Read More

September 27, 2022 @ 9:00 am By JD Alois  |  

BR-DGE , a merchants payments provider that aims to offer a simple and affordable “payment orchestration platform,” has announced a partnership with Vyne. Vyne uses Open Banking to enable account-to-account payments for online businesses. In a company statement, BR-DGE explained that the partnership with Vyne… Read More

September 27, 2022 @ 8:42 am By Omar Faridi  |  

Nuapay‘s innovative and “fully customizable” open banking and real-time account-to-account payment capabilities will “give Pay360‘s customers access to cutting-edge payment technologies across all of its gateway connections.” Pay360 claims it is “a market leader for public sector payments – used by more than 60% of… Read More

September 22, 2022 @ 2:37 pm By Omar Faridi  |  

PCI Pal (LON: PCIP), the global SaaS provider of secure payment solutions for business communications, has announced the launch of its Pay By Bank open banking solution for contact centers. It is the first in “a series of new agent-assisted, digital payment products that enable merchants… Read More

September 22, 2022 @ 8:04 am By Omar Faridi  |  

GoCardless, a provider of direct bank payment solutions, has launched Verified Mandates in France. Part of the GoCardless global ‘bank payment’ platform, Verified Mandates “combines the Account Information Services (AIS) capabilities of open banking with bank debit to stop fraud before it happens.” This represents… Read More

September 21, 2022 @ 3:16 pm By JD Alois  |  

Open banking firm MX has announced the availability of a new product and new implementation partners that are said to “bolster” the MX platform. MX has revealed a new mobile banking SDK for companies to build their own mobile banking apps. MX noted that it… Read More

September 21, 2022 @ 8:34 am By Omar Faridi  |  

Aiia, a Mastercard company, and NORD.Investments are announcing a collaboration that will “enable quick, easy and secure top-up open banking payments in Denmark’s largest independent digital investment advisor platform.” Until today, NORD.Investments customers “experienced some challenges when adding funds to the investment platform, as the… Read More

September 14, 2022 @ 11:17 pm By Omar Faridi  |  

Tuum, an Estonian-born “next-generation” core banking platform, has partnered with Salt Edge, a key player in open banking solutions, “to help financial services providers from all over Europe to leverage the full spectrum of open banking features – fast and secure.” As technological advancements make… Read More