Latest Open APIs News: Finextra Research

Visa's Plaid takeover faces antitrust scrutiny - WSJ

The US Justice Department could sue to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid over competition concerns, according to the Wall Street Journal.

27 October 2020

Company update/payments

Gala Tent launches Open Banking service for telephone payments

Gala Tent, the UK’s largest manufacturer and supplier of commercial marquees and gazebos, has launched an open banking application programme interface (API) for payments.

26 October 2020

Company update/Open APIs

Starling Bank business customers get PayStream accounting platform integration

PayStream online accounting software is designed with contractors in mind. It is available directly through the Starling Marketplace, the in-app space where customers can connect to third-party products and services.

23 October 2020

News/people

TrueLayer enters Australian Open Banking market

UK Open Banking startup TrueLayer has hired Brenton Charnley to lead its push into the Australian market.

23 October 2020

Company update/startups

Money management app Hoddle moves into beta

Finally, we’re proud to announce the release of the Hoddle app beta today!

23 October 2020

News/retail

Afterpay becomes first fintech to join Westpac's banking-as-a-service platform

Westpac has introduced local buy now, pay later player AfterPay as the first third party fintech to operate on its new banking-as-a-service platform.

21 October 2020

Company update/Open APIs

Finom gets access to bank PSD2 APIs with Salt Edge

The B2B financial service Finom joined hands with Salt Edge, a leader in offering open banking solutions, to innovate business management processes for SMEs and professionals all over Europe.

20 October 2020

News/retail

EBAday 2020: Open Banking – where do we go from here?

Recent research from ING suggested that consumers remain suspicious and uninformed about open banking despite it now being firmly embedded into the financial services ecosystem across parts of Europe and elsewhere.

16 October 2020

News/payments

Stripe buys Nigeria's Paystack

Stripe is stepping up its expansion into Africa through the acquisition of Lagos-based payments firm Paystack in a deal reportedly worth more than $200 million.

15 October 2020

Company update/Open APIs

Moneyhub releases API to help fintech innovators simplify tax returns for landlords

Open Finance data, intelligence and payments platform Moneyhub, has transformed the ease and speed at which landlords can now file their HMRC Self-Assessment: UK property (SA105) form. Moneyhub’s Data & Intelligence API makes this new feature accessible to fintech innovators seeking to enhance their proposition for landlords.

15 October 2020

News/retail

TD Bank accuses Plaid of duping customers by ripping off its trademarks

Canada's TD Bank has filed a trademark infringement suit against Plaid, accusing the data aggregator of deceptively mimicking its log-in screen, colour scheme and logo to trick users into entering their financial details.

15 October 2020

Company update/payments

Bankify taps Neonomics for open banking API

Bankify, the Nordic-based Fintech on a mission to provide next generation Personal Financial Management services, has teamed up with Neonomics to offer their clients the opportunity to boost their financial applications with the power of open banking.

14 October 2020

News/startups

Nesta names Open Banking challenge winners

UK innovation agency Nesta has named Mojo Mortgages, Moneybox, Plum and Wagestream as the winners of its £1.5 million open banking competition.

14 October 2020

Company update/payments

OpenPayd taps Token to unlock Open Banking

OpenPayd, the API-led Banking-as-a-Service provider, today announced the launch of a new partnership with leading open banking infrastructure provider, Token.io LTD to bring Open Banking to OpenPayd’s customers.

13 October 2020

News/retail

Sibos 2020: Big Tech companies are not looking to get into financial services – Jesse McWaters

Jesse McWaters, Mastercard’s vice president of global digital public policy, believes the way people think about Big Tech companies entering financial services are mistaken.

08 October 2020

Company update/payments

French mobile payment app Lydia selects Tink as open banking technology partner

France’s leading mobile payment app Lydia has selected Tink as its open banking technology partner to leverage access to PSD2 APIs across Europe.

08 October 2020

Company update/payments

BofA launches omni-channel approach to cross-currency transactions

Bank of America is responding to the dual imperatives of cross-currency transactions – technology innovation and client demand for improved efficiency – with an omni-channel offering that now includes API (application programming interface) and mobile connectivity.

07 October 2020

Company update/payments

BofA adds three new APIs to CashPro treasury product

Bank of America is supporting the increasing demand for real-time information and processing in corporate treasury with the launch of three new APIs (application programming interface).

07 October 2020

Company update/payments

Finch releases CDR-compliant Open banking APIs

Financial technology and data intelligence company Finch, today has launched their CDR-compliant Open Banking APIs, providing Accredited Data Recipients (ADRs) with advanced data intelligence solutions helping ADRs deliver on the Open Banking promise of greater choice and personalisation for customers.

07 October 2020

Company update/Open APIs

OpenWealth Community and Swiss Fintech Innovations Association develop standard for interfaces

In June 2020, the global management consultant Synpulse and the Swiss regional bank St.Galler Kantonalbank (SGKB) established the OpenWealth Community with the aim of defining an API standard for wealth management.

07 October 2020