TrueLayer, the leading technology company building financial infrastructure that’s open to everyone today announced a new partnership with Wombat, the award-winning savings and investment platform. Using TrueLayer’s Payments API, Wombat is now providing its customers with the ability to instantly deposit funds into their investment accounts. After just one week of launch, 82% of Wombat’s one-off deposits are now being routed through TrueLayer.

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that Citadele Bank, the second largest bank in Latvia by assets, will adopt the nCino Bank Operating System to help modernise its Corporate lending business i

TruSight, the financial industry’s leading provider of third-party risk data, today announced that it has completed a comprehensive risk assessment of Symphony Communication Services, the secure and compliant collaboration platform that has become a key technology infrastructure provider for financial services firms around the world. Symphony’s federated technology was created to enable secure collaborati

Settld, the end-of-life admin service, has teamed up with global identity verification and authentication provider, Onfido, for a secure and simplified user verification process.

When we talk about combating financial-economic crime, we usually tend to keep our eyes closed to two aspects, namely proportionality and the (political) protection of the stakeholder(s). An example is the commotion around the so-called Bulgarian’s fraud in the Netherlands. Dozens of Eastern-Europeans made use, or misuse if you want, of administrative shortcomings in the allowance system, which has been placed with the Dutch tax authorities. We are talking about several hundred euros per person. 

 Intuit QuickBooks, the small business platform, today announces it has entered into an agreement with Payments-as-a-Service FinTech, Modulr. Modulr will power the new QuickBooks Business Account, a new digital payment account[1] designed specifically for small businesses.

PPRO – the leading provider of local payments infrastructure – has launched its integration of popular European mobile payment method Satispay and rounded out its coverage of the Italian market.

Washington State Employees Credit Union (WSECU), a leading Washington State financial institution, announced today the results of its ongoing partnership with digital banking technology provider Backbase as part of its modernization strategy. WSECU reports that, since launching its Backbase-powered mobile banking app in December 2019, registered mobile users have increased by 39%, and monthly active users have grown by 19%. 

This is the second article from the series about the value of open banking and the rules it comes with. In the first article we have discussed the value of open banking and the benefits it brings to each market player.

INFORM, a leader in providing intelligent, customer-centric fraud prevention and AML compliance solutions, together with Netcetera, experts in delivering software for digitalization within the payments and banking industries, offer an end-to-end transaction risk management solution that protects online shoppers, issuers, acquirers, and merchants from fraud while reducing friction within the payment ecosystem.