Tagged: open finance

Open Finance: With Overdraft Alerts, Nubank Clients Reportedly Saved R$4M in Interest

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

Fintech Plaid Appoints Cecilia Frew to Lead Open Finance Initiatives

The team at Fintech Plaid are pleased to have Cecilia Frew join the open banking provider as their Head of Open Finance. As the industry comes together to establish data connectivity standards and embrace digital finance, Plaid’s relationship with financial institutions “continues to evolve.” Today,… Read More

Half of US Consumers Making or Considering a Bank Switch, New Research Report Claims

MX Technologies, Inc., which claims to be a leader in Open Finance, today released its latest consumer research, which unveiled that more than half of U.S. consumers “have either opened a new account (23%) or considered switching to a new bank (28%) in the past… Read More

Lisa Novier of Envestnet: Fintech Industry Executive Comments on Key Open Banking Developments Globally

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

Digital Banking: Bankjoy Integrates with Plaid to Enable Account Management for Businesses

Bankjoy, an end-to-end digital banking provider, announced its partnership with Plaid, the open finance provider powering the digital financial ecosystem. Institutions on the Bankjoy platform will now be able “to offer their customers API access to Plaid’s network of more than 8,000 fintech apps and… Read More

Centre for Finance, Innovation and Technology (CFIT) Begins to Deliver on its Kalifa Review Mandate

CFIT, the Centre for Finance, Innovation and Technology, announced that its initial ‘Open Finance Coalition’ will demonstrate the power of leveraging financial data to deliver better financial outcomes to consumers and SMEs. It also announced the first coalition partners who have “committed to progressing Open… Read More

Open Banking: Moneyhub, MX to Accelerate Adoption of Open Finance

Moneyhub, the data and payments platform built on the principles of Open Banking and Open Finance, has announced a partnership with MX Technologies, Inc., which claims to be a leader in Open Finance in North America. This partnership enables Moneyhub and MX “to leverage each… Read More

Standard Life, Moneyhub to Integrate Open Finance Functionality Across App, Dashboard

Standard Life, part of Phoenix Group, has partnered with Moneyhub, the open finance data and payments fintech, “to enhance its digital app and dashboard, rolling out its own open finance powered tool, Money Mindset, to its existing 1.5 million workplace pension scheme members.” The addition… Read More

Fabrick, a European Open Finance Enabler, Announces Acquisition of UK’s Judopay

Fabrick, a European leader in ‘Open Finance’, announces today the acquisition of Judopay, a UK-based mobile payments company. This deal will allow Fabrick’s Payment Orchestra “to benefit from Judopay’s innovation expertise in digital commerce.” Together, they will “define new models and standards to provide smoother… Read More

Belvo, the Open Finance Data and Payments Fintech in Latin America, Partners with Rapyd

Rapyd has announced a partnership with Belvo, the Open Finance data and payments platform in Latin America. By combining Rapyd’s extensive global payments network with Belvo’s expertise in open banking, the partnership will “enable businesses across Latin America to deliver seamless open finance experiences to… Read More

Open Finance: Fintech MX Delivers Data Access Solution to Help Financial Institutions Provide Tokenized API Connections

MX, which claims to be an industry leader in Open Finance, announced that Data Access, formerly MXaccess, is now “available for free to financial institutions and data providers.” Data Access enables financial institutions and other data providers “to help consumers connect to all the financial… Read More

Artificial Intelligence: Fintech Trovata Launches Generative AI Finance, Treasury Tool

Trovata, which claims to be the global “leader” in bank APIs and cash management, recently announced the first generative AI entrant in the fintech space. Trovata AI leverages OpenAI’s ChatGPT technology “to accelerate the company’s vision of automating cash workflows and business intelligence for corporate… Read More

Fintech Integration: Budgeting App Buddy Integrates with Plaid to Offer Budget Tracking

Buddy, the budgeting app for Gen Zers with 3M users worldwide, has integrated with Plaid, an open finance service provider, in order “to provide Buddy users with the ability to securely connect their financial accounts and automatically track their spending.” Buddy claims it is “entirely… Read More

Philippines: Open Finance Fintech Brankas, MPT Mobility Enable Instant Toll Reloading via Bank Accts

Open finance firm Brankas has announced a new integration that will allow MPT DriveHub app users in the Philippines to reload using their active Philippine bank accounts. MPT DriveHub users can now “choose from a wider range of reloading options as they top up their… Read More

Finastra, Fintech Plaid to Give Acct Holders Access to Financial Tech Apps

Finastra announced that Plaid, the open finance provider, is now integrated within Finastra’s Fusion Digital Banking platform. The partnership, delivered via Finastra‘s FusionFabric.cloud open APIs, “provides financial institutions of all sizes within the Finastra ecosystem with account verification tools, making it easier and more secure… Read More

Open Finance: Brankas Launches Asia Pacific’s Multi-Bank API for Instant Account Opening

Open finance platform Brankas has announced a new feature enabling instant bank account opening as an “embedded finance” experience on third-party applications. The API is the “first” of its kind in the region, “launched first in Indonesia and the Philippines.” As a bundle with Brankas’… Read More

Mission Lane, Fintech Plaid Expand Open Finance Partnership

Purpose-driven fintech Mission Lane announced it is expanding its partnership with the data network Plaid in order “to bring secure open finance solutions to its two million-plus customers.” The expanded partnership “leverages Plaid’s innovative open finance API data connectivity solution, which allows customers to securely… Read More

Fintech Plaid, Okta to Deliver Secure Access for Open Finance

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the independent identity provider, announced a partnership and integration “to help thousands of banks and financial institutions adopt OAuth and APIs… Read More

Open Finance: Nubank Allows Clients to Access Balance from Other Institutions via App

Nubank (NYSE: NU) has launched a new functionality that allows customers to view, within the Nu application, the balance of all their bank accounts linked to Open Finance. The tool is still “in the testing phase, and will initially be offered to 300,000 customers that… Read More

Fintech Galaxy Acquires Egypt’s Underlie as it Expands Open Finance Footprint

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

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