Open banking

533 articles tagged with this keyword

/markets

Canada’s 2025 budget plan includes new stablecoin rules, Real-Time Rail launch

Led by financial industry titan Prime Minister Mark Carney, Canada’s 2025 budget outlines ambitions to tackle cybercrime, embrace digital payments innovation, and encourage competition within financial services.

/retail

Monzo beats Chase, Nationwide, and Starling in UK customer satisfaction - YouGov

Monzo leads in customer satisfaction rankings for UK banking consumers according to a 2025 survey by data analytics firm YouGov.

/payments

ACI Worldwide acquires A2A fintech Payment Components

ACI Worldwide has acquired Payment Components, a European provider of financial messaging and open banking technology for A2A payments.

/regulation

Judge temporarily blocks CFPB open banking rule

A US judge has granted a preliminary injunction that temporarily blocks enforcement of the Consumer Financial Protection Bureau's open banking rule.

/regulation

American Fintech Council calls on CFPB to prohibit open banking data access fees

In the wake of the Consumer Financial Protection Bureau's decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people’s right to access and share their financial data.

/payments

TrueLayer to acquire open banking rival Zimpler

London-based payments network TrueLayer is set to expand its presence in Europe after striking an agreement to buy Nordic competitor Zimpler.

/payments

Wise secures retail payments licence in UAE

UK-based fintech Wise has been granted approval by the Central Bank of the UAE to sell its money transfer and payments services in the Middle East market.

/regulation

FCA launches open finance accelerator

The UK's financial watchdog, the Financial Conduct Authority (FCA) has announced details of its strategy and roadmap for promoting open finance.

/inclusion

Big Issue partners fumopay to let sellers accept open banking payments

Big Issue, a magazine sold by the homeless across the UK, is working with open banking provider fumopay to pilot a QR code-based way for vendors to take payments.

/retail

Monzo to consider reapplying for US banking licence - FT

UK-based neobank Monzo is reportedly set to resume its effort to break into the US banking sector.

/startups

Ukrainian fintech reaches unicorn status

Ukraine's financial services market is celebrating another unicorn after Fintech-IT Group, the tech company behind the one of the country's most popular online banking service, received an investment to push its valuation beyond $1bn.

/crypto

ECB taps Italian tech firms Almaviva and Fabrick to build digital euro app and infrastructure

The digital euro, issued and backed by the Eurosystem, aims to complement cash, enhance financial inclusion, and bolster Europe’s monetary sovereignty. The initiative is also seen as a strategic move to strengthen the EU’s technological autonomy and resilience against cyber threats and technical disruptions.

/regulation

EU to exclude Big Tech from financial data sharing system - FT

The European Union looks set to block Amazon, Apple, Google and Meta from accessing a new financial data sharing system, according to the Financial Times.

/payments

Vipps MobilePay selects Tink to introduce Pay by Bank in Finland

Nordic mobile payment platform Vipps MobilePay is to adopt Tink's Pay by Bank platform for account-to-acount payments in Finland.

/payments

Plaid to pay JPMorgan for access to customer data

Plaid has caved into demands by JPMorgan to pay for access to customer data, after the US bank accused aggregator firms of ‘massively taxing’ its systems with unnecessary pings.

/payments

Paytently and Mastercard team on open banking payments

Payments orchestration platform Paytently has unveiled an open banking-based account-to-account payment service built on Mastercard technology.

/payments

Revolut introduces Pay by Bank option

Revolut is preparing for the next generation of merchant payments with the launch of a Pay by Bank option, avoiding card networks and sucking payments directly from consumer bank accounts.

/retail

UK open banking hits 15 million users

More than 15 million people and businesses in the UK - equivalent to nearly one in three adults - used services powered by open banking in July.

/payments

Visa shuts US open banking unit - Bloomberg

Visa has shut down its US open banking unit amid regulatory uncertainty and bank plans to charge for customer data access, according to Bloomberg.

/markets

Klarna reports Q2 losses amid US expansion plans

Swedish buy now pay later (BNPL) platform Klarna prepares for its New York listing, despite reporting a net loss in Q2.