Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking and payment platform.

App Annie, the mobile data and analytics company helping brands and publishers win on mobile, today released The State of Mobile 2020 report. This annual appraisal provides insight into mobile’s expansive impact across industries and the global economy, highlighting publishers and brands that are outperforming their peers.

Key findings in this report:

The global financial system would not function without Legal Entity Identifier (LEI) codes

The world’s financial regulators have made huge changes since the global financial crisis of 2008. Among much else, they require certainty in relation to who is really who among legal entities that participate in financial transactions.

This certainty comes from the 20 character LEI codes, which provide access to information about ‘who is who’ and ‘who owns whom’.

IBS Intelligence recognised  ICS Financial Systems Limited (ICSFS), the

Banks around the world continue to upgrade their self-service estates to meet increasing customer demand for efficient, real-time deposit transactions

Automated deposit terminals are becoming indispensable at bank branches globally

Orange (www.Orange.jo) Jordan officially launched its mobile e-wallet service, Orange Money, during a press conference that was held on Wednesday, Jan 15, 2020.

 The event, which was attended by governmental officials alongside the company’s management and strategic partners, celebrated the launch of the financial solution, which recently acquired the epayment license from the Central Bank. 

“VISA acquiring fintech behemoth Plaid shows established financial organisations have recognised the API-driven financial data sharing space has been underserved. In the post-Open Banking era, as banks and fintechs look to shift from transaction to data-led business models, this underlying interoperable infrastructure is mission critical.

By allowing multiple systems around the world to communicate and operate together via a single data platform, Plaid is standardising and bridging the gap between the old transaction-led world, and the new data-led world.

 Union Bank and global technology leader FIS™ (NYSE: FIS) today announced a cooperative agreement to deliver a next-generation core banking platform to power the bank through its next iteration of digital offerings.

Konsentus today confirms that its Third-Party Provider (TPP) identity and regulatory checking solution can verify and validate the identity of TPPs who have been issued with Open Banking Implementation Entity (OBIE) Directory issued certificates, as well as those who have been issued with eIDAS certificates by Qualified Trust Service Providers (QTSP) in accordance with PSD2.

Visa Inc. (NYSE: V) today announced it has signed a definitive agreement to acquire Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives. Visa will pay total purchase consideration of $5.3 billion to acquire Plaid.