Tagged: open finance

May 12, 2023 @ 8:32 am By Omar Faridi  |  

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

May 5, 2023 @ 2:51 pm By Omar Faridi  |  

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

April 26, 2023 @ 10:07 pm By Omar Faridi  |  

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

April 24, 2023 @ 11:49 am By Omar Faridi  |  

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

April 18, 2023 @ 2:08 pm By Omar Faridi  |  

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

March 2, 2023 @ 10:55 pm By Omar Faridi  |  

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

February 22, 2023 @ 11:47 pm By Omar Faridi  |  

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

February 15, 2023 @ 9:07 am By Omar Faridi  |  

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

January 25, 2023 @ 8:17 pm By Omar Faridi  |  

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

December 23, 2022 @ 3:19 pm By Omar Faridi  |  

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

November 24, 2022 @ 9:38 am By Omar Faridi  |  

Banking and insurance software firm VERMEG together with Open Finance pioneer LUXHUB, are announcing a partnership “around the collection and processing of custodian data, available to insurance companies.” Custodix Hub, “through the combined tech expertise and industry knowledge of both partners, facilitates the flows and… Read More

November 9, 2022 @ 10:17 pm By Omar Faridi  |  

BankiFi, a provider of embedded banking solutions, has partnered with MX Technologies, Inc., a key player focused on open finance, “to enable secure data sharing and account connectivity for businesses using BankiFi’s platform.” Through this collaboration, financial institutions will be able “to leverage MX’s open… Read More

October 25, 2022 @ 8:27 am By Omar Faridi  |  

Moneyhub, an Open Finance, Open Data, and payments platform, announced that it has secured “an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook. Legal & General’s investment is partially… 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 7, 2022 @ 7:52 am By Omar Faridi  |  

Aryza, which claims to be the expert developers of software solutions for the sectors of insolvency, credit and debt recovery, has announced a partnership with Validis, an open accounting platform, in order “to develop an open finance solution that will help business lenders obtain better… Read More

October 4, 2022 @ 8:00 am By Omar Faridi  |  

  Finastra revealed a sneak peek at its annual State of the Nation Financial Services research. Results point to the significant progress the industry “has made around open finance and collaboration, despite the challenging market conditions of the last few years.” The research takes in… 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 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

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 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