Revealed - more than £3.5 Billion Held Hostage in Online Refunds over the Past Year
- 3 years 2 months ago
- Open Banking
Nearly half (40%) of consumers wait for ecommerce refunds for between 3 to 5 days. This delay has negative implications for consumers: 28% have been directly impacted in their ability to pay for bills, rent and mortgage payments 28% of 18- to 24-year-olds impacted in their ability to pay for food
Salt Edge PSD2 Compliance Solution to be integrated into Western Union’s Digital Bank Pilot in Europe
- 3 years 2 months ago
- Open Banking
Salt Edge, a pioneer in open banking, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s multi-currency bank account pilot in Europe. Backed up by PSD2 compliance, Salt Edge’s solution will enable Western Union to extend the relationship with its customers, and create a new banking experience.
Nordigen Partners With Fineo to Enable UK Personal Finance Platform
- 3 years 2 months ago
- Open Banking, Personal Finance, Management, Data
UK-based personal finance management platform Fineo partnered with European open banking company Nordigen to leverage open banking technology. Fineo facilitates the integration of customer bank accounts using Nordigen's account information API to offer a clever way to manage finances.
TrueLayer Raises $130m to Accelerate the Adoption of Open Banking Payments Globally
- 3 years 2 months ago
- Open Banking, Payments
Latest raise led by Tiger Global Management LLC with participation from global payments technology firm Stripe. Brings the total raised to date to c$270m. TrueLayer processes billions in payments, with 400% growth in payment volume and 800% growth in monthly payment value as the company expands across Europe and doubles its customer base.
European Financial Institutions Say it May Take Over a Decade to Complete Open Banking Objectives
- 3 years 2 months ago
- Open Banking, Banking
New research from Tink finds over one in three (37%) financial executives expect their institutions to take more than a decade to complete their open banking objectives While a further 40% expect to take 5-10 years to fulfil their open banking objectives Despite this, positive sentiment towards open banking rises from 55% in 2019 to 71% in 2021 as executives take advantage of its commercial potential and recognise its strategic importance
iwoca and mmob Partner to enable Banks to Respond to SME Demand for Post-Pandemic Credit
- 3 years 2 months ago
- Lending, Open Banking, Alternative Finance
Partnership to improve access to credit by enabling banks to quickly and easily embed and offer alternative lending options
Open Banking Expo Reunites Open Banking and Open Finance Ecosystem after 18 Months Apart
- 3 years 2 months ago
- Open Banking, Investment
Open Banking Expo, the largest global community of Open Banking and Open Finance executives driving the biggest digital transformation in the financial services sector, will this November bring back together European innovators, disruptors and visionaries.
Lemonway Launches Open Banking Powered Payments for Marketplaces in Partnership With Tink
- 3 years 2 months ago
- Open Banking, Payments, Banking
Leading French payments service provider (PSP) Lemonway has launched Pay By Bank in partnership with Tink, to bring open banking-powered payments to its customers across Europe. By integrating Tink’s payment initiation services (PIS), Lemonway can enable merchants to offer a fast and secure digital payment method that improves the user experience. With Pay By Bank, end-users can connect to their bank account and authorise the transaction in a... more
Yapily to Drive Innovation and Expansion for French Banks and Fintech as It Arrives in Market
- 3 years 2 months ago
- Open Banking, Infrastructure
Yapily brings reliable, scalable infrastructure, enabling French businesses to embed open banking within products and services.
Nexpay to Run All Authentication Processes Through Salt Edge via Mobile SCA
- 3 years 2 months ago
- Open Banking, Banking, Infrastructure
Banking infrastructure provider Nexpay has partnered with Salt Edge, a leader in open banking solutions, together offering enhanced customer protections and SCA for the digital assets industry.
TrueLayer Launches Payouts, a New Way to Issue Instant Refunds and Withdrawals
- 3 years 2 months ago
- APIs, Open Banking
Using open banking-enabled account verification and the fastest payment rails, TrueLayer’s payouts settle in the right account, right away. Businesses can programmatically issue payments as an integrated part of their app or service through a simple API integration.
Salt Edge Report: State of Open Banking Payments in Europe in 2021
- 3 years 2 months ago
- APIs, Open Banking, Payments
Today we mark 2 years since PSD2 went, at least was supposed to, into full power across Europe and in the UK, on September 14, 2019.
More Than 4 Out of 10 UK Consumers Would Use Open Banking to Unlock Faster Loan Approvals and Better Rates From Their Banks
- 3 years 2 months ago
- Open Banking
New research from digital bank Zopa finds that a large swathe of UK consumers would use Open Banking to get better, easier, or faster access to credit despite its low awareness The introduction of Open Banking to previously untapped verticals such as access to credit could spearhead wider adoption amongst UK consumers and reach 40 million active users by 2025
Open Banking Expo Reunites Open Banking and Open Finance Ecosystem After 18 Months Apart
- 3 years 2 months ago
- Open Banking
Open Banking Expo, the largest global community of Open Banking and Open Finance executives driving the biggest digital transformation in the financial services sector, will this November bring back together European innovators, disruptors and visionaries.
Meet Salt Edge’s Updated Bank Connect Widget, Marking the Year of User Experience
- 3 years 2 months ago
- Open Banking, Banking, Financial
Open banking brings a variety of financial services to customers, but at the same time, challenges the way they think about these services. Customers are now required to provide access to their accounts if they want to start using various innovative services. And we strive to make this access more secure and transparent by using open banking and PSD2 initiatives. To help your customers in adopting open banking-powered solutions, it is critical... more
