Tagged: open finance

January 16, 2022 @ 2:17 pm By Omar Faridi  |  

Open Banking is four years old now, however, the team at TrueLayer asks “who’s using it, how is it benefitting consumers and what’s next?” TrueLayer writes in a blog post that the updated Payment Services Directive (PSD2) came into force “on 13 January 2018, introducing… Read More

January 11, 2022 @ 10:33 am By Omar Faridi  |  

The team at LatAm Fintech Belvo has reflected on a great year for all the financial innovators working towards “leveraging open finance in Latin America.” Belvo has shared their latest product updates and releases “on three fronts: data enrichment, data aggregation, and [their] developers portal.”… Read More

December 13, 2021 @ 11:49 pm By Omar Faridi  |  

The Open Banking Limited (OBL) board is looking for a Chief Executive Officer who will be responsible for leading the everyday operations of the Open Banking Implementation Entity (OBIE) and its gradual transition to an organization that will be observing the Competition and Markets Authority’s… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

November 23, 2021 @ 8:09 am By Omar Faridi  |  

UK Finance notes in an update that it brought the payments industry together to “consider the future opportunity for open banking payments and how the market could collaboratively shape that future.” There are now more than 2.5 million Open Banking payments every month compared to… Read More

November 10, 2021 @ 12:08 pm By Omar Faridi  |  

Wing, which is Ontology’s cross-chain DeFi lending platform, has officially gone live on Binance Smart Chain (BSC). Following the integration, millions of decentralized finance users should be able to access modern financial services. As mentioned in an update shared with CI: “Showcasing its status as… Read More

November 3, 2021 @ 5:33 pm By Omar Faridi  |  

BBVA, the Spanish multinational banking group, and the Sella Group have reportedly entered into a partnership that is focused on supporting Open finance. Through the partnership, BBVA will be providing its foreign clients, who are willing to operate in Italy and those of the newly… Read More

October 19, 2021 @ 1:31 pm By Omar Faridi  |  

Codat, the universal API for small business data that assists software providers and financial institutions with creating integrated products for their SME clients, has announced an integration partnership with the international tech platform Intuit (NASDAQ: INTU). This partnership will aim to bring about “a new… Read More

September 23, 2021 @ 3:04 pm By JD Alois  |  

Earlier this week, the House Financial Services Committee, Fintech Task Force, met to discuss individual data when it comes to financial services. In many ways, data is the fuel for Fintech innovation and thus is a key factor for both financial service providers as well… Read More

September 19, 2021 @ 10:12 pm By Omar Faridi  |  

As new lending starts to overtake the repayment boom seen during the COVID-19 crisis, research from digital bank Zopa reveals that more than 40% of UK-based consumers would make use of Open Banking to “apply for credit if it improved their chances of getting an… Read More

September 8, 2021 @ 8:19 am By Omar Faridi  |  

SIX and Inventx have announced that they will be cooperating on Open Finance initiatives. As part of a strategic partnership, Inventx and SIX will ensure the seamless interconnection of their complementary ix.OpenFinancePlatform and bLink open-finance hubs “going forward.” Following the cooperation between Swisscom and SIX… Read More

September 2, 2021 @ 10:00 am By Omar Faridi  |  

The Financial Data Exchange (FDX) reveals that 22 million consumer accounts are currently using its FDX API for open finance data sharing. Since FDX’s previous report in April of this year, more than 1 million additional consumer accounts per month have transitioned to the FDX… Read More

August 24, 2021 @ 10:02 pm By Omar Faridi  |  

Open Banking Initiative Canada (OBIC), which is a non-profit advocacy organization bringing together professionals from finance, technology, and regulation, to promote Open Banking, has teamed up with the Open Banking Expo, an international community of Open Banking and Open Finance execs working on digital transformation… Read More

August 24, 2021 @ 9:51 pm By Omar Faridi  |  

OpenSwap has secured more than $1M in a “strategic” funding round for an integrated DeFi Hub, according to an update shared with CI. OpenSwap, an integrated DeFi Hub built as an “interchain, decentralized liquidity booster for traders,” finalized its latest investment and raised $1 million+…. Read More

August 11, 2021 @ 7:29 pm By Tony Zerucha  |  

While some form of open banking is on its way to North America, not everyone is familiar with the term, results of a new survey from API management services provider Axway suggest. Open banking is the use of APIs to unlock financial data, enabling third-party… Read More

July 21, 2021 @ 10:05 pm By JD Alois  |  

Yapily, an open banking infrastructure provider, has raised $51 million in a Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital, and Latitude participated in the round as well. Yapily says the investment will enable it to expand its operations across… Read More

July 16, 2021 @ 9:55 am By Omar Faridi  |  

Blockpass and OpenDeFi are pleased to confirm their new partnership. Blockpass and OpenDefi will be working together to offer regulatory compliance, security and various other benefits to the intersection of decentralized finance and real-world assets, referred to as  “Open Finance.” The two organizations will also… Read More

July 12, 2021 @ 8:39 pm By Omar Faridi  |  

CBI, which is a hub for tech innovation and the ongoing digitalization of the financial sector, has teamed up with CRIF, an international firm focused on credit bureau & business information, advanced digital solutions for business development and Open Banking. This partnership between CBI and… Read More

July 5, 2021 @ 2:59 pm By Omar Faridi  |  

mmob, an Open Finance partnership platform, has announced that it has received authorization or approval from the UK’s Financial Conduct Authority (FCA) for Payment and Account Information Service Provision. The approval from the United Kingdom’s regulatory authority validates mmob’s progressive business model and embedded finance… Read More

June 29, 2021 @ 4:21 pm By Tony Zerucha  |  

Global bank investment strategies are becoming more proactive, data from a Finastra survey suggest. Finastra surveyed 785 professionals from institutions in the US, UK, Singapore, France, Germany, Hong Kong, and the UAE for Financial Services: State of the Nation Survey 2021. In 2021 banks’ top… Read More