Open banking

456 articles tagged with this keyword

/retail

Tarabut Gateway raises $32 million for Saudi push

Tarabut Gateway, a Bahrain-based open banking platform, has completed a $32 milion Series A fundraise, which includes a first invesment in the nascent Middle East open finance scene by Visa.

/startups

Australian pay by bank startup Waave raises $4.7 million

Waave, an Australian open banking startup for account-to-account payments, has closed a $4.7 million seed round backed by Menulog managing director Morten Belling and e-commerce investor Paul Greenberg

/payments

IFGS 2023: OBIE responds to JROC open banking roadmap

Exploring the data driven future of fintech at Innovate Finance Global Summit, panellists covered new developments across open banking, open finance, and digital identity.

/startups

Triver raises £7 million to provide SMEs with instant capital

Triver, a London-based startup that uses open banking data and AI to provide short-term working capital to SMEs, has raised £7 million in seed funding.

/devops

IFGS 2023: Andrew Griffith MP announces AI and open finance ambitions for UK

Economic secretary to the Treasury, Andrew Griffith MP, spoke in a keynote speech outlining the government’s ambitions for the fintech industry during day one of the Innovate Finance Global Summit 2023.

/regulation

UK regulators deliver roadmap for future of open banking

Financial regulators in the UK have laid out their plans for the future of open banking.

/startups

Yonder secures £62.5 million in Series A funding

Rewards credit card startup Yonder has secured £12.5 million in equity and a £50 million credit line to scale operations.

/startups

Finanzguru raises €13 million in a funding round led by PayPal and Scor Ventures

German financial management app Finanzguru has raised €13 million led by new investors Scor Ventures and PayPal Ventures, with participation from existing backers including Deutsche Bank, coparion, VR Ventures, Hannover Digital Investments, Venture Stars and former Postbank CEO Frank Strauss.

/payments

Citi Digital Money Symposium: How are FIs leveraging data to meet consumer demand?

Finextra attended the Citi Digital Money Symposium, which brought together experts from all over the industry to discuss innovation and emerging trends across the online payments sector in 2023. The conference looked at the challenges that could arise as the payments ecosystem becomes increasingly digital.

/retail

UK small businesses embrace open banking

UK businesses are adopting open banking products at a higher rate than consumers, with accounting software driving take-up, data from Open Banking Limited (OBL) shows.

/retail

Bud branches out into US

UK-based open banking fintech Bud has hired a leadership team to spearhead its entry into the US market.

/retail

UK open banking sector faces sink or swim moment

The UK's open banking sector has created 4800 jobs and is valued at £4.1 billion, according to research conducted by the Coalition for a Digital Economy (Coadec), which nonetheless cautions that industry is at a "vital crossroads".

/payments

Japanese VCs join €3 million growth round in Sweden's Open Payments

Swedish fintech Open Payments has closed a €3 million growth round led by Industrifonden with support from Japan's Sony Financial Ventures and Global Brain and existing investors.

/payments

NextGen Nordics 2023: Speakers announced!

NextGen Nordics will return to Stockholm on 25 April 2023, and we will be welcoming a range of speakers who will discuss topics such as P27, cross border payments, open banking, BNPL, CBDCs, digital assets and Web 3.0.

/startups

Smart money app Snoop explores sale - Sky

Snoop, the money-saving app founded by former Virgin Money boss Jayne-Anne Gadhia, has called in bankers to explore a possible sale, according to Sky News.

/payments

Nigeria's central bank releases PSD2-style open banking legislation

The Central Bank of Nigeria (CBN) has approved operational guidelines on open banking this week, becoming the first country in the African region to adopt open banking regulations.

/regulation

Open finance prioritised in UK’s new Data Protection and Innovation Bill

The UK’s Department for Science, Innovation, and Technology has proposed a revised version of the Data Protection and Digital Innovation Bill.

/startups

BaaS platform Synctera makes Canadian play

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

/identity

LSEG signs for Mastercard Open Banking tech

London Stock Exchange Group-owned Giact has enlisted Mastercard's Open Banking capabilities to provide a secure account verification offering for its customers.

/payments

Weavr acquires Comma to combine embedded and open banking

Weavr, the London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has acquired B2B Open Banking platform, Comma Payments.