Latest Open banking News: Finextra Research

Envestnet to sell open finance business Yodlee to PE firm STG

Envestnet is selling its open finance and data analytics unit Yodlee to private equity firm STG. Financial terms of the deal were not disclosed.

25 June 2025

News/retail

UK launches Smart Data Group to bring benefits of open banking to more sectors

The UK is looking to build on the success of open banking through the launch of a government-backed, industry-led Smart Data Group designed to unlock £28 billion in economic value across a variety of sectors.

20 June 2025

News/retail

New data access bill paves the way for evolution of open banking to open finance

The UK Government has passed the Data (Use and Access) Bill through the House of Parliament, paving the way for expansion of open banking and smart data sharing across multiple business sectors.

12 June 2025

News/payments

HSBC invests in Token.io

HSBC has made a strategic investment in account-to-account open banking payments vendor Token.io. The value of the investment was not disclosed.

04 June 2025

News/payments

Deutsche Bank and Mastercard team on open banking payments

Deutsche Bank and Mastercard are working together to bring open banking payments to merchants and consumers across Europe.

04 June 2025

News/payments

Monzo surpasses £1bn revenue milestone

UK fintech Monzo has recorded a sharp rise in profitability and posted revenue in excess of £1bn for the first time.

02 June 2025

News/payments

Visa A2A payments land in the UK

Card giant Visa is taking aim at the UK's burgeoning account-to-account market through its new pay-by-bank offering.

02 June 2025

News/regulation

CFPB to ditch open banking rule

The Financial Technology Association (FTA) has hit out at US regulators over plans to rescind open banking rules, calling the move a "handout to Wall Street banks".

26 May 2025

News/payments

UK government seeks open banking supplier for Universal Credit

The UK government has begun a procurement process to find an open banking technology supplier for use with its Universal Credit social security payments.

21 May 2025

News/security

UK businesses would adopt open banking for security benefits

More than 40% of British businesses are keen to integrate open banking into their operations citing the potential benefits of increased security and fraud prevention, but many are held back by lack of understanding, according to a study from NatWest.

19 May 2025

News/regulation

CFPB to revisit open banking rule

In its latest about-turn under the Trump administration, the Consumer Financial Protection Bureau is preparing to reopen its recently finalised open banking rule, according to Bloomberg Law.

06 May 2025

News/payments

UK FS players agree to fund delivery of commercial VRPs

A group of 31 players in the open banking and payments industries has committed to fund efforts to create a new company that will bid to put Variable Recurring Payments on a viable commercial footing in the UK.

05 May 2025

News/markets

IFGS 2025: How can the UK become a world leader in fintech?

In two expert panels at IFGS 2025, speakers considered how geopolitical tensions are impacting the global fintech industry, and strategised how the UK can lead the space.

02 May 2025

News/payments

Smarter, faster, still relevant: Experts weigh future of US payment systems

Nacha’s Smarter Faster Payments conference in New Orleans highlighted the growing momentum behind real-time payments, emphasising their transformative potential across commercial and technological verticals. Yet, amid this digital shift, sessions also acknowledged the enduring relevance of traditional rails like wire transfers, ACH, and even cheques - each facing its own modernisation challenges.

30 April 2025

News/payments

NextGen Nordics 2025: Live updates from Stockholm

What’s next for Nordic payments? Follow the conversation at NextGen Nordics 2025.

29 April 2025

News/payments

The 150 leading organisations confirmed to attend NextGen Nordics 2025

The Nordic region has long stood at the forefront of digital payments, open banking, and financial technology. This legacy of innovation continues at full pace with the return of NextGen Nordics, a premier event gathering the most influential players in the financial services ecosystem. Set against the dynamic backdrop of the Nordic fintech scene, the 2025 edition of NextGen Nordics on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden promises to be the most impactful yet.

23 April 2025

News/retail

Latin American open finance platform Belvo raises $15m

Mexico City-based open finance API platform Belvo has raised $15 million in a round led by Quona Capital and joined by Citi Ventures.

17 April 2025

News/payments

Inside the tech behind the transformation: Sponsors announced for NextGen Nordics

Ever wanted to be in the same room as the senior executives leading payments innovation across the Nordics and Europe? NextGen Nordics on 29 April 2025 at the Münchenbryggeriet in Stockholm, Sweden, is your chance to hear from the technology vendors that are supporting financial institutions expertly navigate a convoluted web of regulations, at a time when fraud is at an all-time high and consumer experience must be kept front of mind.

15 April 2025

News/payments

Banked acquires VibePay

Banked has acquired UK-based consumer payments app VibePay, to drive Pay by Bank adoption through consumer and merchant incentives.

15 April 2025

News/crime

Tackling fraud: Learn how to build smarter defences at NextGen Nordics

As real-time payments gain momentum, financial institutions are faced with attempting to deliver seamless digital payment experiences while also mitigating against sophisticated fraudsters. This year’s NextGen Nordics event at the Münchenbryggeriet in Stockholm, Sweden, on 29 April 2025, will spotlight how the industry is redefining fraud prevention in the era of instant payments.

11 April 2025