It’s no secret that the banking industry is in the midst of a major upheaval. One of the most promising new developments in this space is open banking. Simply put, open banking allows customers to share their data with third-party providers in a secure and transparent way.

ASX-listed fintech Butn has delivered a record origination month in July 2022 of $31.5 million, up 58% on pcp, to provide a strong start to the 2023 financial year. This follows consecutive record origination months in April, May and June 2022, as momentum in the business accelerates.

PayitTM, NatWest’s multi-award-winning open banking payments solution, hits a critical milestone processing £1 billion in payments. Launched in June 2020, Payit has handled more than five million payment transactions, averaging £200 in value.

Leading Fintech VC Firm QED Investors Makes First Investment in Africa with a Financing Round in TeamApt

Partnerships 

BT and Barclaycard Payments Announce Partnership Offering Exclusive Benefits for UK Micro-businesses

Southeast Asia’s most renowned FSI event, World Financial Innovation Series (WFIS), is now ready to disrupt Philippines’ fintech market with its inaugural edition in the country. To give an estimate of the country’s burgeoning market, the first half of 2021 witnessed total funding of $342 million garnered by the country’s fintech firms, more than double what was raised throughout 2020.

On the occasion of the 75th Independence Day, PayNearby, India’s leading branchless banking and digital network, has announced the launch of ‘zero investment plan’ for women entrepreneurs at the last mile, across 20,000+ PIN codes.

Bybit, the third most visited cryptocurrency exchange in the world with more than 7 million users, announced a series of offers for Indian users with unprecedented rewards and bonuses from Aug. 12, 10 AM UTC to Sept. 1, 10 AM UTC.

BT today announced Barclaycard Payments as the latest business to join its new partnership network, aimed at helping the UK’s smallest firms to grow.

Barclaycard has signed up to BT’s partnership network, following The Federation of Small Businesses (FSB), with the aim of delivering a host of benefits for small firms over the next year. While the offers will change regularly, benefits include: