Banks all over the world are under pressure: Low interest and high cost for legacy technology combine to threaten their margins. A new generation of consumers feels they are irrelevant. Regulators demand they be open for integration with external services and technologies in the context of Open Banking. And newly founded digital banks are adding to the pressure on incumbents because they are not burdened by legacy technology and processes.

Airbank, a financial management solution for European startups and SMBs, has selected open banking infrastructure provider Yapily to help its users manage their finances with ease.

Airbank provides a simple financial management solution that aggregates all bank accounts in one place and delivers more control, visibility, and automation to modern finance teams. Startups & SMBs use Airbank to access bank accounts, monitor cash flow in real-time, create reliable forecasts, and make business payments.

The strategic partnership enhances digital banking services with digital asset marketplace and wallet functionality

The partnership adds over 1,200 convenient locations where members can make cash deposits

Founding members hail from large banks, large aggregators, the identity and security fields, and the general API industry

Focus includes monitoring Open Banking API performance and standards

The API Ratings Agency (TARA), an industry-wide effort to create an advisory council for API monitoring standards, has named four members to its board.

In addition to David O’Neill, CEO of APImetrics, members now include:

SIX today launches its “SIX Tax on Instrument” service to provide client advisors and portfolio managers in the Wealth Advisory industry with tax classifications on individual securities. The service allows users to analyse the tax consequences of financial products, to anticipate the tax-related costs of an investment on that security and to find better investment options.

Conversational AI and payment processing combine to smooth payments and collections

Joint Offering Offers ESG Data Integration, Verification and
Distribution Solutions to Meet Investor and Regulatory Needs

• Global API-first payment technology platform powers the world’s leading fintechs, including Revolut, Curve, Starling Bank, Zilch, WeLab Bank and Paidy
• Investment from Advent International and Viking Global Investors provides deep payments and fintech experience and capital; follows strategic investment by Visa in 2020
• Company intends to use investment to accelerate technology investments in product innovation and to continue the expansion of its customer base in 48 countries today across Europe, Asia-Pacific, and the Middle East