Open banking

448 articles tagged with this keyword

/retail

Majority of UK adults "unaware" of open banking

A recently released survey has highlighted a widespread lack of awareness among UK adults when it comes to open banking.

/startups

TrueLayer reports growth despite losses

TrueLayer, a payments platform backed by Stripe, is stacking up its losses according to the latest accounts reports.

/people

Bunq to nearly double workforce in 2024

Global neobank bunq has announced its intention to hire over 730 new employees before the end of 2024, growing their global headcount by 70%.

/payments

UK lays the groundwork for open finance era with completion of open banking Roadmap

The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.

/payments

Tarabut acquires UK-based A2A payments platform Vyne

London-based start-up Vyne, a real-time account-to-account (A2A) payments platform for online businesses, has been acquired by Middle Eastern open banking player Tarabut, for an undisclosed sum.

/payments

PSR sets out next steps for variable recurring payments in the UK

The UK's Payment Systems Regulator says it will assess the necessity and scope of mandated participation in Phase 1 expansion of Variable Recurring Payments (VRPs) following stakeholder feedback.

/retail

Mastercard taps open banking for streamlined lending

Mastercard has boosted its open banking programme, making it easier for Americans to secure loans by streamlining income and employment verification processes.

/retail

ClearBank secures Dutch banking license

British bank ClearBank has secured its European banking license from the European Central Bank, under supervision of De Nederlandsche Bank.

/regulation

Major UK banks broke CMA rules

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

/payments

UK open banking hits 10 million users

More than 10 million UK consumers and small businesses are now regularly benefiting from using open banking technology.

/retail

ABA review into dismal open banking take up calls for collective rethink

The Australian Bankers' Assocation says that the country's opt-in open finance programme has failed to reach its potential four years after launch.

/markets

UK Elections 2024: Labour's landslide victory

Keir Starmer’s Labour Party wins by majority in the UK general election that took place yesterday.

/security

UK payments group urges incoming Government to make Big Tech refund fraud victims

On the day that the United Kingdom heads to the polls to vote in the General Election, The Payments Association has issued a plea to the incoming Chancellor to impose a 'Tech Levy' on social media giants to pay for the impact of payments fraud originating from their platforms.

/regulation

EBAday 2024: What does upcoming regulation mean for the payments sector?

Moderating the panel discussing the upcoming PSD3, PSR and IP regulations, Daniel Hellmann, director, risk advisory, payments at Deloitte spoke with Simone Del Guerra, head of central institutions & international sales at Nexi Group; Nuno Epifânio, policy officer – retail financial services at the European Commission; Kevin Flood, director – payments ecosystem strategy at FIS; and David Malley, payment industry engagement lead at NatWest.

/payments

EBAday 2024: Prioritising innovation in embedded finance

At EBAday 2024 in Lisbon, the second half of day two kicked off with a riveting discussion on open banking and embedded finance.

/people

EBAday 2024: Success stories in collaboration

At EBAday 2024 in Lisbon, Finextra’s own Niamh Curran moderated a lunchtime session titled ‘Rising Stars’, with Luca Kotton, platform owner at Investec Bank; John Salter, chief customer officer at ClearBank; Jenny Winther, head of payment schemes at Handelsbanken; and Phoebe Zhou, head of emerging payments, GPS Europe at HSBC, discussing success and industry newcomers.

/retail

Lunar and SAS partner for debit card

Danish neobank Lunar has launched a debit card with Scandinavian Airlines (SAS) that allows users to gain and use EuroBonus points.

/retail

Mastercard taps open banking to ease account opening and updating

Mastercard has updated its Open Banking platform to enable people to automatically switch their direct deposits and update their recurring bill payments when they open or update an account.

/regulation

CFPB says startups and consumers must have say in open banking standard setting

The Consumer Financial Protection Bureau (CFPB) has taken another step designed to promote open banking in the US, finalising a rule for recognising data sharing standards and preventing incumbents from "squelching" startups.

/payments

Equals Money and Zūm Rails make BaaS plays

Equals Money, a payments provider for company expenses, has launched a Banking-as-a-Service product to helping businesses offer their own digital payment and card services.