Open banking

456 articles tagged with this keyword

/payments

CFIT launches ‘Open Finance Coalition’ and unveils founding members

The Centre for Finance, Innovation and Technology (CFIT) today unveils the founding members of its ‘Open Finance Coalition’ who will collaborate to show the power of financial data for better SME and consumer outcomes.

/retail

NatWest calls for step change in industry approach to open banking

A report commissioned by NatWest concludes that banks, fintechs and regulators need to work together to resolve key economic obstacles that are holding back wider adoption of open banking in the UK.

/payments

Canadians unfamiliar with open banking

As Canada works towards the creation of an open banking framework, a new survey suggests that boosting awareness needs to be top of the agenda for a public largely oblivious to the concept.

/payments

EC publishes PSD3 proposals

The European Commission (EC) has issued its proposals for the reform of the EU’s payments market.

/payments

Open payments firm Volt raises $60m

London-based open payments gateway Volt is targeting Asia Pacific and the Americas after securing $60 million in a Series B funding round led by IVP.

/crypto

EBAday: CBDC is coming to Europe, but are we ready for it?

In the final session of the evening in breakout room 2 for EBAday day one, ‘What is the outlook for CBDCs in Europe?’, a panel of experts discussed where CBDCs are heading in Europe and what possibilities could arise for banks, merchants, and consumers in the future.

/regulation

Saudi Arabia welcomes open banking

Bank Abilad has become the first financial institution in Saudi Arabia to offer open banking services

/regulation

CFPB warns big firms on efforts to control open banking standards

As it prepares to introduce a personal data rights rule, the Consumer Financial Protection Bureau has warned that it will not allow big banks to skew open banking standards in their favour.

/people

GoCardless to cut 17% of staff

UK payments unicorn GoCardless is to cut 17% of staff in a bid to shave 15% off its cost base and rediscover its scrappy startup energy

/payments

Open banking payments startup Atoa raises $6.5m

Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $6.5 million in seed funding round led by Peter Thiel-backed Valar Ventures.

/devops

Money20/20: Quantum and generative AI together is ‘scary’ - ING

At Money20/20 in Amsterdam, Finextra chatted to ING’s head of corporate strategy & innovation Jeroen Plag about how the bank has merged the innovation and strategy departments bringing initiatives closer to the business like CoorpID and Blacksmith and is now focusing on building new assets.

/retail

Money20/20: No end game for open banking

Money20/20's annual Europe event kicked off with a stream updating the industry on the progress of open banking.

/payments

Money20/20: Flutterwave CEO on being 'in the trust business'

Ahead of Money20/20 in Amsterdam, Finextra spoke to Olugbenga 'GB' Agboola, CEO of Flutterwave, about Europe's formula for supporting the fintech industry and how to prioritise digital trust amid global unrest and uncertainty.

/retail

Standard Life partners Moneyhub for open finance integration

Standard Life is teaming up with Moneyhub to roll out an open finance-powered tool, Money Mindset, to its 1.5 million workplace pension scheme members.

/startups

Financial wellness fintech Elifinty launches

UK startup Elifinty has launched its open banking-based "socially conscious" debt management platform for consumers and creditors.

/people

Exclusive: Nordic Capital scoops up payments veteran Mohit Agnihotri

Nordic Capital has announced the appointment of technology and payments veteran Mohit Agnihotri as a new partner for the European private equity firm that recently raised its EUR 9 billion Fund XI.

/startups

FinTech Scotland doubles-down on data to invigorate fintech

Nicola Anderson, CEO of Fintech Scotland, discussed the developments at the organisation and future developments in the Scottish fintech sector.

/retail

Mastercard taps open banking for digital account opening

Mastercard has unveiled a digital account opening tool that uses open banking to integrate customer verification with identity insights into a single API.

/startups

Swedish open banking startup Kreditz raises €10 million

Swedish open banking startup Kreditz has raised €10 million from investment company Creades and the venture arm of retail furniture giant Ikea.

/payments

Payments Canada Summit: open access and open banking

Payments Canada is pushing hard for the government to open up access to the country's payment systems to local credit unions and payment service providers this year, CEO Tracey Black told the organisation’s summit in Toronto on Wednesday.