Latest Open banking News: Finextra Research

Coinbase enables instant deposits with TrueLayer

Coinbase has tapped open banking technology from TrueLayer to deliver real-time instant deposits to UK users.

17 November 2022

Tink recruits JPMorgan payments expert Andrew Boyajian as VRP head

Tink has recruited Andrew Boyajian, former head of emerging payments and fintechs at JPMorgan, to lead its variable recurring payments unit in the UK.

17 November 2022

News/retail

Klarna launches open banking 'autopilot'

Klarna's open banking unit, Klarna Kosma, has unveiled an initiative to help startups develop Proofs of Concepts in the e-commerce, data analytics and fintech space.

17 November 2022

Company update/retail

Spare and Eazy Financial Services team on open banking in Bahrain

Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services “EazyPay”, a leading Bahraini Payment Services Provider specializing in POS and online payment gateway acquiring solutions to embrace opportunities in Open Banking.

16 November 2022

Company update/retail

Salt Edge enters Saudi Arabia

Salt Edge, a global Open Banking pioneer, has announced its expansion to the Kingdom of Saudi Arabia, aiming to help banks and other financial institutions to bring innovative solutions to the market and contribute to the Kingdom’s efforts toward the digital rise of technologies via Open Banking.

16 November 2022

Company update/payments

Global Payments adopts open banking for pay-by-bank at the checkout

A recent consumer survey commissioned by Global Payments Inc. (NYSE: GPN) in partnership with YouGov found that both spending habits and expectations of payment experiences are shifting.

16 November 2022

News/people

Former TrueLayer ANZ CEO launches open finance consultancy

Brenton Charnley, the former CEO of TrueLayer's Australian and New Zealand operation, has resurfaced with a consultancy startup to help businesses take advantage of open finance.

15 November 2022

News/regulation

New Zealand Government kickstarts open banking

The New Zealand Government has instructed banks to begin sharing data with competitors under a new open banking framework.

11 November 2022

News/retail

Bank monetisation of APIs represents "billions-per-year" opportunity

Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.

11 November 2022

News/payments

JP Morgan and Mastercard unveil Pay-by-Bank service

JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.

10 November 2022

Company update/wholesale

BankiFi forms data sharing partnership with MX

BankiFi, a leading provider of embedded banking solutions, has partnered with MX Technologies, Inc., a leader in open finance, to enable secure data sharing and account connectivity for businesses using BankiFi’s platform.

08 November 2022

News/people

CMA begins search for new chair of Open Banking entity as Crosswell steps down

Charlotte Crosswell is to step down from her role as chair and trustee of the UK's Open Banking Implementation Entity, kickstarting a reruitment process for a fresh face at the helm as the organisation transitions to a new entity, Open Banking Limited.

08 November 2022

News/retail

Saudi Arabia unveils open banking framework

Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.

07 November 2022

Company update/regulation

Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license

Fintech Galaxy, the industry-leading financial innovation company, has become the first central bank regulated Open Finance platform in the MENA region after receiving a license from the Central Bank of Bahrain (CBB), allowing the firm to operate as a regulated Third-Party Provider (TPP) and transform the way banks, financial institutions and merchants attract new customers.

03 November 2022

News/startups

Ethical lender Plend raises £40m

Plend, a UK "ethical lender" that is ditching the traditional credit system and is instead using open banking data for lending decisions, has raised £40 million in seed funding.

02 November 2022

Company update/retail

FDX reports 42 million accounts using its API for financial data sharing

The Financial Data Exchange (FDX) today reports that 42 million consumer accounts are now using its FDX API for open finance data sharing.

01 November 2022

Company update/inclusion

Visa and Brankas unveil open finance products

Brankas, a leading Open Finance technology provider, has today announced that it has gone live with Visa to unveil a new Open Finance solution to increase financial inclusion across Southeast Asia, citing TrustDecision (Tongdun) and IziData as two of the pilot customers already using the joint solutions.

27 October 2022

News/devops

APImetrics, tomato pay, Finextra report finds neobank API call quality outperforms traditional banks

APImetrics, Finextra and tomato pay have released a report capturing the performance of UK open banking providers over the period July 2021 to July 2022, analysing over 17 million functional API calls.

26 October 2022

Company update/regulation

Curve chooses Salt Edge as a partner for open banking compliance

Curve, the financial app which empowers customers to understand and master their finances by combining all debit, credit, and loyalty cards into one has partnered with Salt Edge, a leader in open banking.

26 October 2022

Company update/wholesale

Sambla Group signs deal with Tink to strengthen lending business

Tink, Europe’s leading open banking platform, has partnered with Sambla Group - a leading loan broker in the Nordics - to offer the lenders in its network access to more accurate affordability assessments.

26 October 2022