Tagged: open finance

Neonomics to Assist Støtte with Simplifying Micro-Donations via Open Banking

Støtte, a platform designed to make it easier for sports associations and humanitarian organizations to receive support, announces its introduction of open banking with Neonomics. Støtte allows supporters to make micro-donations “with every financial transaction they make. Neonomics has worked closely with Støtte to connect… Read More

Open Finance Platform Klickl Taps Regtech Sumsub for Compliance, Fraud Prevention

Klickl, the Middle East’s Web3 open finance platform, has partnered with Sumsub, a global full-cycle verification platform, to meet stringent regulatory requirements for cryptocurrencies and improve user identity verification. This collaboration enhances Klickl’s compliance, fraud prevention, and user asset security. Sumsub will integrate comprehensive KYC… Read More

Fabrick Continues Fintech Shopping Trip With finAPI GmbH Purchase

Fabrick, an open finance operating company, this week announced the acquisition of finAPI GmbH, a German open finance solutions provider. Founded in Munich in 2008 to develop solutions for the aggregation and analysis of financial data, finAPI serves more than 350 clients, including banks, financial… Read More

Salt Edge Says Open Banking and Open Finance Are Diverging

While the number of users benefiting from Open Banking continues to increase worldwide, there is a divergence between the concept of Open Banking and Open Finance – at least according to Salt Edge. Salt Edge is an open banking platform that provides services interested in… Read More

Financial Infrastructure Fintech Plaid Comments on Open Finance Adoption, Widespread Use of APIs

Plaid says that it has led the industry shift away from screen scraping, with the majority of their traffic now “on or committed to APIs.” Plaid are pleased to see regulators “reaffirm the industry’s adoption of this new technology.” At the same time, the open… Read More

Global Fintech Plaid Shares Update on Open Finance Strategy

Chess Strategy

Over the past decade, a strong foundation of consumer financial data rights have underpinned an open finance ecosystem “that drives competition, choice, and inclusion for hundreds of millions of people today.” This, according to an extensive update from Plaid. Plaid noted in a blog post… Read More

UK: Charlotte Crosswell Comments on Data Protection Legislation and Open Banking Following King’s Speech

Charlotte Crosswell, Chair of the Centre for Finance, Innovation, and Technology (CFIT), has shared a comment pertaining to the King’s Speech and policy included in the presentation. This is the first time that King Charles has presided over the King’s Speech since the passing of… Read More

Open Banking Fintech MX Appoints Jane Barratt as Chief Advocacy Officer, Head of Global Public Policy

MX Technologies, Inc., an Open Finance service provider, announced it has named Jane Barratt as its Chief Advocacy Officer and Head of Global Public Policy. She brings more than 25 years of experience working “with financial institutions, technology and Fortune 500 companies, policymakers, and regulators,… Read More

A2A, Fintech Salt Edge to Support Open Finance in Jordan

The Central Bank of Jordan (CBJ) has taken a significant step towards modernizing the financial services landscape in the Kingdom by unveiling comprehensive guidelines for Open Finance services. These guidelines apply to all banks operating “within the jurisdiction of CBJ, as well as online payment… Read More

UK’s Standard Life Teams Up with Moneyhub, the Open Banking Platform, to Provide Pensions Dashboard

Standard Life, part of Phoenix Group, which claims to be the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a… Read More

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

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