Latest Open banking News: Finextra Research

Standard Life parent invests £15m in Moneyhub

UK open finance and data platform Moneyhub has topped up a previously announced funding round with a £15 million investment from savings and retirement business Phoenix Group.

20 December 2022

Company update/retail

Fiinu to deploy TransUnion open banking tech and credit reference data as backbone for overdrafts

Global information and insights company TransUnion is supporting Fiinu Bank to help enable its innovative overdraft solution, using TransUnion Open Banking capabilities and credit reference data.

19 December 2022

Company update/wholesale

9Spokes rolls out Banking Tracker for SME market

Fintech SaaS company 9Spokes’ online banking gamechanger - Banking Tracker - has gone live with its banking clients.

19 December 2022

News/retail

UK updates on new Open Banking entity

UK authorities have published an update on plans for a successor to the Open Banking Implementation Entity (OBIE).

19 December 2022

Company update/payments

Secure Trust Bank partners Mastercard for open banking payments

Secure Trust Bank has partnered with Mastercard to offer customers more choice and convenience through open banking to repay retail finance.

16 December 2022

Company update/startups

Updraft raises £108m in debt and equity

Financial habit forming platform, Updraft, announces today its latest investment round, raising another £108 million in equity and debt to power its ambitious growth strategy and deliver savings to its fast-growing user base of 300k members.

16 December 2022

Company update/startups

Currensea joins Mastercard Start Path open banking programme

Debit as a service platform, Currensea, has been selected for the Mastercard Start Path Open Banking program, an award-winning, global start-up engagement program.

16 December 2022

Company update/payments

SoftPOS vendor Phos readies for open banking payments

Phos, the global leader in software point of sale (SoftPoS) orchestration for businesses, has announced the addition of Open Banking as a payment option to its software-only payment acceptance solution.

14 December 2022

Company update/payments

Paysend enters open banking payment initiation partnership with Plaid

Paysend, the UK-based fintech with 6 million customers, today announces the launch of a new Open Banking Payment Initiation partnership with Plaid, an open banking network that powers digital finance.

14 December 2022

News/people

Plaid to let go of 260 employees

Open banking platform Plaid is to lay off 20% of its workforce in response to the turbulent economic environment.

07 December 2022

News/retail

Global FS sector finds appetite for open finance

There is a growing appetite for the next evolutionary step in open banking - open finance - within the global FS sector, with nearly half of senior professionals considering it a "must have" in the context of data sharing.

07 December 2022

Company update/payments

Cashplus launches business credit card for SMEs

Today, Cashplus Bank, the leading digital SME bank, has announced the launch of next-generation credit card functionality for small businesses and sole traders.

02 December 2022

Company update/payments

Neonomics supports Unicef Norway by launching holiday donation campaign powered by open banking

Leading Nordic open banking provider, Neonomics, has decided to support UNICEF Norway to make donating this holiday period easier and more secure by harnessing the power of open banking payments.

01 December 2022

Finextra TV/retail

The Open Finance Paradox

Chris Allen, Head of Retail Banking, Banking & Financial Services Consulting, Cognizant joins FinextraTV to discuss the recent research surrounding the value of Open Finance and whether it is being fully realised. Looking at current paradoxes found within existing policies, Chris offers practical recommendations for incorporating Open Finance into Financial Institutions’ strategies, with what potential benefits can be found, the trigger points to accelerate growth and the steps that can be taken to stay ahead.

30 November 2022

Company update/retail

Yapily and Certua team up to simplify life insurance with open banking

Open banking provider Yapily has teamed up with embedded insurance platform Certua to make it easier, quicker, and cheaper for people to apply for and manage their life insurance cover in the UK.

30 November 2022

News/sustainable

Sustainable Finance Live: Is sustainable finance sustainable?

Sustainable Finance Live kicked off Tuesday morning in a hybrid format, in-person and online, where leaders discussed the problem statements and solutions that are defining the sustainable finance industry today.

29 November 2022

Company update/payments

Transferlink connects with Nordigen for open banking

Payment tracking tool Transferlink has partnered with Nordigen to access their open banking services.

29 November 2022

News/regulation

Big names back new Canadian fintech association

Mastercard, Square and Wise are among the members of a new not-for-profit group pushing for a "whole-of-government" approach to supporting Canada's fintech ecosystem.

28 November 2022

News/payments

Equals Group acquires open banking platform Roqqett

Equals Group, a fintech payments group outfit on the SME marketplace, is to acquire open banking platform Roqqett for a total consideration of up to £2.25 million.

28 November 2022

News/retail

Atom Bank raises £30m; pushes back IPO

BBVA, Toscafund, and Infinity Investment Partners have agreed to invest £30 million in Atom Bank as the UK digital lender readies itself for a 2024 initial public offering.

25 November 2022