Open banking

538 articles tagged with this keyword

/payments

EBAday 2021: full event agenda now released

The Euro Banking Association and Finextra’s full EBAday agenda is now live, boasting a jam-packed programme throughout the virtual event from June 28-30.

/devops

Latin American open banking startup Belvo raises $43m

Mexico City-based Open Finance API platform Belvo has raised $43 million in a Series A funding round.

/payments

EBAday 2021: Request-to-Pay most useful in Customer-to-Merchant payments

Having been touted as the ‘missing piece of the instant payment puzzle,’ many are keenly interested in the potential Request-to-Pay holds for streamlining payments, improving customer experience, and optimising liquidity through better cash management and visibility.

/payments

EBAday 2021 speaker line-up released

A blockbuster speaker line-up has been announced for Finextra and the Euro Banking Association’s upcoming EBAday event for 2021.

/retail

US Bank and Plaid ink data sharing deal

US Bank has teamed up with Plaid to enable the lender's millions of customers to connect their accounts to third party apps.

/retail

First Direct taps Bud to boost app transaction data

First Direct has enlisted open banking specialist Bud to add transaction categorisation and merchant identification services to its mobile app.

/sustainable

Open data will catalyse the UK’s progress to net-zero

Data sharing is key to designing financial instruments and creating demonstrable Net Zero results, noted Gavin Starks, CEO of Icebreaker One, in a FinextraTV interview.

/payments

EBAday 2021: Driving correspondent banking success through wider adoption of instant payments

The shift toward instant payments will undoubtedly provide benefits for consumers, but it is the benefits for institutions and corporates that are likely to revolutionise financial services. However, to reap these benefits financial institutions must navigate the maze of deadlines and coinciding schemes in a proactive manner.

/payments

GoCardless launches open banking payments

GoCardless, the bank-to-bank payments fintech, has launched an open banking feature integrated directly into its global payment platform and functional across all payment models.

/payments

‘Massive’ potential for embedded finance in Europe - Solarisbank

Research by Solarisbank and the Handelsblatt Research Institute has found considerable conversion potential for e-commerce providers to offer financial services in Germany, confirming the significant opportunity embedded finance may hold across Europe.

/regulation

How regulators have catalysed collaborations and technological innovations

Co-founder and head of client delivery of RegTech Associates, Dr Sian Lewin has urged the financial community to stop thinking of regulators simply as “powerful organisations, here to control our behaviour, and stop us from doing certain things in the name of public interest.”

/regulation

Shearman & Sterling: 'Remove the straitjacket of statutory rules' for UK fintech

During a panel for UK Fintech Week 2021, Barnabas Reynolds, global head of financial services group, Shearman & Sterling emphasised that to build trust in the system and allow space for fintech innovation, that the focus of supervisory systems should be on risk and not unnecessary code or control.

/retail

Open Bank Project and API3 partner to unite banking and the blockchain

Open Bank Project (OBP) has formed a partnership with the API3 Foundation to deliver banking and open banking data oracles to the decentralised web.

/retail

Credit Karma taps Bud Open Banking platform to help members find better products

Credit monitoring and building platform Credit Karma has picked Bud's Open Banking stack to help its UK members find better financial products and make smart money decisions.

/startups

Fintern raises funds for UK consumer lending play

Fintern, a UK startup aiming to shake up the market for low-value consumers loans with the launch of credit technology that bypasses credit scores in making lending decisions, has raised £32 million in equity and debt funding.

/crime

How Curve got back on track after Wirecard fallout

In June 2020, the FCA acted overnight to freeze customer accounts across UK fintech firms including Curve, Pockit, Soldo, Anna Money and Holvi, after Wirecard Card Solution’s (WCS) parent company filed for insolvency in Germany.

/retail

Consumers still wary of Open Banking

Just over half of people have never heard of open banking and many who have still worry about sharing their data, according to a global survey from Mambu.

/payments

TSB launches bill management and utility switching service

TSB Bank is launching a bill management and utility switching service after a pilot found that users saved an average of £150 a year.

/payments

EBAday 2021: Finding European synergy in the transition from Open Banking to Open Finance

Pioneering a defined strategy in 2020, the European Commission outlined its intention to adopt a legislative proposal for a new Open Finance Framework by mid-2022.

/cloud

How cloud enables banking transformation towards contextual finance

Companies adapting to the new normal brought on by the pandemic have been forced to undergo a digital shift toward contactless payments and a surge in online transactions. As a result, many are looking to Banking-as-a-Service (BaaS) to enable innovative financial and payments services that can be embedded into digital apps and products. Further, the deployment of BaaS enables a faster time to market for more personalised propositions.