Latest Open banking News: Finextra Research

Starling posts first profitable year

UK digital bank Starling has turned a £32m profit for the last financial year, marking its first full year of profitability.

21 July 2022

News/payments

Tink rolls out settlement accounts

Open banking platform Tink has rolled out settlement accounts, providing merchant customers with a full-stack payments offering that performs automated refunds, payouts, and reconciliation, alongside the Swedish firm's Payment Initiation Services.

13 July 2022

News/startups

Qori launches multi-channel pay by bank and pay by crypto tech

French startup Qori has launched, enabling Europeans to pay in store, remotely or online with their bank or crypto wallet without having to download a proprietary app.

12 July 2022

News/markets

Sonovate lands £165million deal with BNP Paribas and M&G Investments

UK fintech Sonovate has unveiled a substantial securitisation deal with BNP Paribas and M&G Investments, adding £165 million to its funding.

06 July 2022

News/payments

WeChat Pay and AliPay+ launch in Qatar

Qatar National Bank (QNB) has become the first bank in Qatar to launch mobile payment services WeChat Pay and AliPay+.

05 July 2022

News/startups

BaaS startup BKN301 raises EUR15m

BKN301, a digital payments and Banking-as-a-Service startup, has raised EUR15 million in a Series A funding round led by Abalone Group.

05 July 2022

News/payments

Paytrail and Mastercard hit monthly open banking milestone

Paytrail and Mastercard’s partnership through Aiia - an open banking platform, is now enabling more than one million open banking payments each month.

04 July 2022

News/payments

GoCardless to acquire Nordigen

GoCardless has announced its plans to acquire Nordigen, a freemium open banking data provider. This move will open GoCardless to a wider covering in its account-to-account network, more than 2,300 banks in 31 countries.

01 July 2022

News/payments

Travel money card Currensea raises £1.35 million in under two hours on Seedrs

Currensea, a money-saving travel card linked to existing current accounts, has surpassed its crowdfunding target in under two hours, raising £1.35m from over 350 investors on Seedrs.

28 June 2022

News/payments

Revolut to roll out 'responsible' BNPL product across Europe

Revolut will roll out its "responsible instalments payment product" - dubbed Pay Later - in Europe, starting with a select group of customers in Ireland this week.

24 June 2022

News/regulation

EBA calls for PSD2 and E-Money Directive to be merged

PSD2 should be merged with the Electronic Money Directive, says the European Banking Authority (EBA) in response to the EC's call for feedback on the directive.

23 June 2022

News/payments

Stripe unveils global infrastructure for bank transfers

Stripe is making its bank transfer offering available to businesses in the UK, EU and Mexico.

20 June 2022

News/regulation

UK removes AISPs from AML regulation

The UK government has decided to remove account information service providers (AISPs) from anti-money laundering regulation.

16 June 2022

News/startups

Mastercard launches Open Banking Start Path programme

Mastercard is expanding its Start Path startup programme with the introduction of a scheme focused on open banking.

15 June 2022

News/people

Yapily appoints Payoneer's Noam Oren as CTO

Open banking vendor Yapily has appointed seasoned tech industry veteran Noam Oren from Payoneer as chief technology officer.

14 June 2022

News/regulation

US Senator requests FSOC review into risks of consumer data use

US Senator and Democratic chair of the Senate Banking Committee this week requested that the Financial Stability Oversight Council (FSOC) examine financial institutions’ use of consumer data, and the risks they pose to US financial stability.

10 June 2022

News/payments

Curve looks to VRP to bring down costs and improve services for customers

All-in-one card and financial app Curve has tapped TrueLayer to deliver automated variable recurring payments for customers.

08 June 2022

News/payments

Money 20/20 EU: Which comes first, tech or banking?

“Innovation is happening in the value add”, stated Charlotte Hogg, CEO of Europe Visa, during the opening session of Money 20/20 alongside Daniel Kjellén CEO and co-founder Tink and Karen Tso anchor CNBC.

08 June 2022

News/retail

Open banking fintech Bud raises $80m

Open banking fintech Bud has raised $80 million in a Series B funding round led by an indirect affiliate of investment funds managed by TDR Capital.

07 June 2022

News/payments

Revolut partners Tink for European payments

Revolut is using payment initiation services (PIS) technology from open banking player Tink to let users across Europe seamlessly move money into their account.

07 June 2022