Open banking

495 articles tagged with this keyword

/regulation

CFPB faces lawsuit over new open banking rules in bank pushback

The Bank Policy Institute and Kentucky Bankers Association have filed a lawsuit against the Consumer Financial Protection Bureau, alleging that the regulatory agency overstepped its authority on the release of new open banking rules

/regulation

US moves to 'open banking' with Personal Financial Data Rights final rule

Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.

/retail

Mastercard unveils open banking 'command centre'

Mastercard has unveiled a set of tools designed to make it easy for people to manage how they share their financial data with third parties.

/payments

Worldline moves into account-to-account payment market

Worldline is seeking to futher diversify its payment offerings with the launch of account-to-account payment services across ten European markets.

/retail

AperiData rolls out open banking credit score

Credit Referencing Agency AperiData has released a real-time open banking credit score to help lenders more accurately guage the ability of applicants with limited credit history to repay their debt.

/payments

Banked buys Australian A2A payments outfit Waave

London-based account-to-account payments provider Banked has gained a foothold in the Australian market through the acquisition of local player Waave. Financial terms were not disclosed.

/inclusion

Paysend launches Paysend Libre in Mexico to reach underbanked population

In a push for financial inclusion in Mexico, Paysend has launched Paysend Libre backed by Mastercard.

/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.