Tagged: open finance

March 16, 2022 @ 4:33 pm By Omar Faridi  |  

Moneyhub, the Open Data and payments platform, is teaming up with global electronics manufacturer Samsung in order to facilitate the “first” Open Banking payments on a retail self-service point-of-sale (POS) Kiosk. Moneyhub’s Open Banking payment tech along with Samsung’s self-service ordering and payment solution, “will… Read More

March 16, 2022 @ 10:45 am By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT) recently announced that it is teaming up with Plaid, the data network supporting the digital financial ecosystem, in order to bring “secure open finance solutions to GO2bank customers.” Introduced last year, GO2bank is Green Dot’s “flagship” digital bank designed to… Read More

March 1, 2022 @ 3:34 pm By Omar Faridi  |  

Frost Bank, which is one of the largest banks based in Texas, has partnered with Plaid, a data network powering the digital financial ecosystem, in order to help Frost clients “securely and easily integrate their accounts and finances online.” Via its mobile app and online… Read More

February 22, 2022 @ 9:17 pm By Omar Faridi  |  

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

February 3, 2022 @ 9:04 am By Omar Faridi  |  

TrueLayer, which is one of Europe’s Open Banking platforms, has announced its expanding operations into Sweden with the appointment of ex- Adyen executive Karl Hagner as its Country Manager. An experienced commercial manager, with a sharp focus on payments in digital commerce, Stockholm’s Karl will… Read More

February 2, 2022 @ 6:04 pm By Omar Faridi  |  

Open Banking in Brazil marked its first anniversary on February 1, 2022 – and the South American nation is looking set to strengthen its position as a (maybe unlikely) open banking pioneer. The Brazilian reserve bank’s phased approach is considered to be a success, through… Read More

February 2, 2022 @ 1:17 am By Tony Zerucha  |  

Southeast Asian open finance platform Ayoconnect has closed a $15 million Series B financing round led by Tiger Global. The round was joined by PayU, the payments and Fintech business of Prosus, and Alto Partners, as well as individual strategic investors, including Plaid co-founder William… Read More

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