Tagged: open banking

September 10, 2022 @ 9:36 pm By Omar Faridi  |  

The team at Yapily is looking forward to teaming up with fintech unicorn Pleo, which offers a smart business spending solution, “to enable a simplified payments experience for its UK users.” Research shows that 82% of businesses that fail “do so as a result of… Read More

September 7, 2022 @ 4:38 pm By JD Alois  |  

Klavi, a Brazilian Fintech startup, has raised $15 million in a Series A funding round. The funding was led by venture capital funds Iporanga Ventures and Parallax Ventures and included GSR Ventures. Klavi said the banking infrastructure provider CIP S.A. and Vivo Ventures, Vivo’s Corporate… Read More

September 6, 2022 @ 8:16 am By Omar Faridi  |  

Easy4Cloud, which conducts operations in Italy, the United Kingdom, Spain and the US, digitizing different business areas and simplifying their management, has selected Fabrick to expand its offer and introduce BancheinCloud, a Business Intelligence platform for the aggregated management of Current Accounts through which personal,… Read More

September 2, 2022 @ 8:26 am By Omar Faridi  |  

TrueLayer, which claims to be one of Europe’s leading open banking platforms, announces its collaboration with Bybit, the “third-most visited” cryptocurrency exchange in the world. Bybit was established in 2018 as a crypto derivatives trading platform “where retail investors and traders could benefit from an… Read More

August 31, 2022 @ 9:50 am By JD Alois  |  

Banco Santander has enlisted Trovata to provide cash forecasting and liquidity management for its corporate clients. In a corporate statement, Trovata said that the agreement was for global distribution with Santander. The partnership is expected to see Santander market Trovata’s cash management platform to its… Read More

August 29, 2022 @ 10:17 pm By Omar Faridi  |  

The Saudi Central Bank (SAMA) recently announced granting permit to a new batch of companies; Lean Technologies and Mod5r to “provide Open Banking Solutions; bringing the total number of permitted Fintech companies operating under its Regulatory Sandbox to 38.” This step completes “a series of… Read More

August 26, 2022 @ 8:48 am By Omar Faridi  |  

Nationwide Building Society has improved the process for new and existing members opening a savings account by now “allowing them to fund the account straight away as part of the application process.” Previously members would have to wait a few days “until the account was… Read More

August 25, 2022 @ 8:43 am By Omar Faridi  |  

Citi Ventures has become the latest major company to invest in Mexico City’s open finance API platform Belvo. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a $43 million Series A investment round back in June 2021. The investment also… Read More

August 24, 2022 @ 2:56 pm By JD Alois  |  

Wes Hummel has been named Chief Technology Officer for Open Banking provider MX. Hummel is expected to oversee the company’s engineering and information security teams reporting to MX Chief Executive Officer Jim Magats. Magats said that Hummel brings a tremendous amount of experience in leading “high… Read More

August 23, 2022 @ 11:02 am By Omar Faridi  |  

We recently caught up with Huw Davies, Chief Commercial Officer, Ozone API, which has been involved in the development of Open Banking from the very beginning. Ozone API started by developing the sandbox and reference implementation for the UK Open Banking Implementation Entity (OBIE) –… Read More

August 23, 2022 @ 9:55 am By JD Alois  |  

Open Banking provider Plaid is continuing to expand its services around the world – focusing for now on Europe. According to a note from the company, Plaid is now live in 8 markets, having recently added Spain and Poland and offering data connectivity in Germany…. Read More

August 23, 2022 @ 9:39 am By JD Alois  |  

Deutsche Payment has announced a partnership with Token – an Open Banking provider. According to a company statement, an upcoming launch of “PayThisWay“, an account-to-account payments service, will be powered by Token’s Open Banking platform. Token’s white-label-ready platform is designed to enable payment providers like… Read More

August 22, 2022 @ 11:00 am By Omar Faridi  |  

Prometeo Open Banking, which claims to be the leading Latin American Open Banking platform, announced the launch of the first Account to Account (A2A) payments solution in Latin American markets. As noted in an update shared with Crowdfund Insider, Prometeo‘s new payment service “provides a… Read More

August 22, 2022 @ 1:07 am By Omar Faridi  |  

Vyzer, an Israeli-based Fintech consumer-focused startup, joined forces with Salt Edge, a key player in offering open banking solutions, “to enable high net worth investors to instantly connect and sync their European bank accounts, offering a comprehensive analysis of investment performance and fully digital cashflow… Read More

August 18, 2022 @ 2:17 pm By JD Alois  |  

Vyne, an open banking service provider targeting payments, has announced a partnership with Wix (Nasdaq: WIX) – a website creation provider including for e-commerce sites. The partnership is said to give Wix’s UK based merchants access to Vyne’s open banking payments infrastructure, allowing direct payments… Read More

August 17, 2022 @ 8:25 am By Omar Faridi  |  

Trustfolio Ltd, the ‘debt-tech’ collective behind the Debt Adviser Support Portal and other digital tools for creditors and third parties designed to ‘enable better debt solutions’, has partnered with Equifax (NYSE: EFX) “to launch a new feature powered by Open Banking.” The new Debt Adviser… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

August 12, 2022 @ 11:29 am By JD Alois  |  

Earlier this year, the UK FCA, PSR, CMA, and HM Treasury published a joint statement on the future of open banking (open finance), while announcing the creation of a joint regulatory oversight committee designed to improve adoption. The committee is co-chaired by the FCA Executive… Read More

August 9, 2022 @ 8:38 am By Omar Faridi  |  

CIBC (TSX: CM) (NYSE: CM) recently entered a data access agreement with MX in order to improve the CIBC client experience via secure data sharing, offering customers a safe and intuitive way to share their financial details. The partnership with MX is indicative of CIBC’s… Read More

August 4, 2022 @ 2:37 pm By JD Alois  |  

Yapily, an Open Banking service provider, has launched a new service – Yapily Virtual Accounts. According a company statement, Yapily Virtual Accounts enables merchants and payment service providers (PSPs) to create multiple accounts gain more control over flow of funds while collecting payments, initiating instant… Read More