New QR-code Based Open Banking App Offers Low-cost Digital Payment Solution for SMEs
- 3 years 11 months ago
- Open Banking, Payments
tomato pay is a new QR-code based app that offers an easy and affordable non-cash payment solution for small businesses More than half of cash-only businesses have lost customers because they don’t offer alternative payment options while most shoppers are using less cash than ever because of hygiene fears
Finastra Survey Finds Banking as a Service (BaaS) Set to Make Significant Impact on Financial Services in Next 12 Months
- 3 years 11 months ago
- Open Banking, Banking, IT Innovations, Financial
85% of respondents at global financial institutions believe Banking as a Service (BaaS) will make an impact over the next year; 40% believe the impact will be significant More than 9 in 10 respondents agree that Open Banking is important to their organization; 97% of those that already use Open Banking recognize that it has provided benefits to their business
Visa to Acquire Open Banking Platform Tink in €1.8Bn Deal
- 3 years 11 months ago
- APIs, Open Banking, Payments, Banking
Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink.
Deposit Solutions and Raisin Merge to Form Raisin DS
- 3 years 11 months ago
- Open Banking
FinTech companies Deposit Solutions and Raisin have announced the completion of their merger. After over a year of preparation, the two companies are forming Raisin DS, a pioneer in the savings and investment market, servicing banks and consumers on both sides of the Atlantic. The merger only needs to be registered in the commercial register.
Volt Raises $23.5M to Build Global Instant Payments Network
- 3 years 11 months ago
- Open Banking, Payments
· Volt to build global payments platform by unifying instant schemes around the world to a single point of access · New funding round is the biggest Series A on record for the open banking industry · The investment, led by EQT Ventures, will support Volt’s product development and international expansion activities
Zopa and CreditLadder Team up to Help Renters Improve Their Credit Score
- 3 years 11 months ago
- APIs, Open Banking, Investment, Banking
Using Open Banking technology, tenants can now improve their credit score, increase their eligibility for a Zopa loan and potentially reduce the cost of a loan from the neobank through its partnership with CreditLadder.
OROPAY’s Clients to Enjoy New Payment Options with Salt Edge
- 3 years 11 months ago
- Open Banking, Payments
OROPAY, a Cypriot EMI, has partnered with Salt Edge, leader in developing open banking solutions, for becoming PSD2 compliant to provide safe and secure payments to its customers. OROPAY is an electronic money institution regulated by the Central Bank of Cyprus, providing business & personal eMoney, and eCommerce solutions. The company focuses on international money transfers and aims to help businesses and consumers conduct their... more
Tink and Novalnet AG Enter Partnership for Open Banking Powered Payments
- 3 years 11 months ago
- Open Banking, Payments
German full-service payment provider Novalnet AG, and Europe's leading open banking platform Tink, have partnered to bring a new open banking payment solution to the European payments market.
UK and Nordics lead Open Banking in Europe
- 3 years 11 months ago
- Open Banking
According to a new report by Mastercard, which conducted in-depth research into how prepared European countries are to embrace the open banking ecosystem, the Nordic countries have been crowned best placed to take advantage of it, together with the UK.
Fabrick Unveils Suite of API Based Solutions Harnessing Open Finance
- 3 years 12 months ago
- APIs, Open Banking
Fabrick, Italy’s leading open banking ecosystem, is launching a suite of API based solutions that harness Open Finance. Fabrick has created two market-ready solutions based on Mastercard’s APIs: InControl for Business and Identity Check Mobile (IDCM) and utilises them to bring value to end users with easy-to-use applications.
Yapily Kicks-off its EU Open Banking League Table
- 3 years 12 months ago
- Open Banking, Infrastructure
New data, released by Yapily the leading Open Banking infrastructure provider to align with the Euros Championship kick-off, reveals the UK, Ireland and Germany outscore the opposition in their adoption of Open Banking in the EU Open Banking league table.
Tink: 41% of Financial Executives Believe The Digital Shift Caused by Covid is Permanent
- 4 years 2 days ago
- Open Banking
68% of European financial executives say the pandemic has increased their focus on open banking (Vs 72% in the UK) This shift is propelling banks to concentrate their efforts on the creation of digital services, improving the customer experience and restoring profitability
Yapily Launches Bulk Payments Service with Comma in the UK
- 4 years 3 days ago
- Open Banking, Payments
Yapily, the leading Open Banking infrastructure provider, has today announced the launch of its new Open Banking bulk payments service, with Comma, the SME payments platform, already live and benefiting from the service in the UK.
Tink and Wealthify Enter Partnership for Investment Payments
- 4 years 2 weeks ago
- Open Banking, Investment
Leading UK digital investment platform Wealthify has partnered with open banking platform Tink for payment initiation services, that will transform the way its investors transfer money into their investment accounts The partnership, which is already live, sees Tink’s payment initiation service (PIS) technology embedded in the Wealthify app. This enables investors to seamlessly transfer an initial investment sum during the onboarding process and... more
Yolt Technology Services (YTS) Launches Open Banking-Powered Tool to Revolutionise Affordability Checks
- 4 years 3 weeks ago
- Open Banking, Banking
Yolt Technology Services (YTS), the leading open banking provider, has today launched their Cashflow Analyser tool, a solution powered by its Account Information Services (AIS) that gives credit underwriters deeper insights into the cashflow of credit applicants and customers to streamline and simplify affordability assessment processes.
