11:FS and Plaid joint report examines how open finance will shape the next generation of digital financial services
- 4 years 5 months ago
- Open Banking
11:FS, the challenger firm defining and building truly digital financial services, and Plaid, the technology company powering digital apps and services millions of people rely on to manage their finances, have released a joint report on the transition from open banking toward open finance. The report, “Open finance: shaping the future of financial services” considers the transformative impact of the UK's Open Finance framework across a customer... more
74% of UK Electronic Money Institutions (EMI) Brands are still not PSD2 Open Banking compliant
- 4 years 5 months ago
- Open Banking, Compliance
Nine months after the regulation went live, nearly three-quarters of EMI Brands in the UK have yet to implement a PSD2 Open Banking compliant interface. What are the reasons for this? There are three possible explanations. These organisations may simply not understand that they need to comply with the regulation, they may not have prioritised it yet, or, they may feel that any penalties imposed by the FCA won’t affect them.
Tink extends Open Banking support for PayPal and receives strategic investment
- 4 years 5 months ago
- Open Banking, Investment Management
Tink will now support PayPal (NASDAQ: PYPL) across Europe as it leverages opportunities with PSD2 and open banking. This extended work together is supported by a second strategic investment from PayPal.
Open Banking thriving in the UK, with financial institutions investing more than any other European country
- 4 years 6 months ago
- Open Banking
New data published from open banking platform Tink reveals that financial institutions in the UK are ramping up their investments in open banking, as the industry mindset moves away from purely PSD2 compliance and towards value creation.
FICO Partners with OpenWrks to Deliver Affordability Assessments
- 4 years 6 months ago
- Artificial Intelligence, Open Banking
Global analytics and decision management provider FICO has partnered with OpenWrks – a leading provider of Open Banking based digital engagement applications. Under the partnership, which initially serves the UK market, FICO plans to combine OpenWrks financial budgeting and conversational AI technology with FICO’s market-leading integrated collections and omni-channel platform to assist creditors in making the most appropriate customer decisions... more
Red Hat announces new open banking customer Asiakastieto
- 4 years 6 months ago
- Open Banking
Red Hat, Inc., the world's leading provider of open source solutions, today announced that Asiakastieto Group is using Red Hat solutions to build an open banking platform that supports its new credit assessment service, Account Insight.
Finastra global survey shows appetite for Open Banking picking up pace worldwide
- 4 years 6 months ago
- Open Banking
Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering omproved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding... more
Salt Edge helps Simplifi in accelerating their accounting services via open banking
- 4 years 6 months ago
- Open Banking
Simplifi-HQ, an online accounting service provider from New Zealand has chosen Salt Edge, a leader in offering open banking solutions, to speed-up and digitise its software package by accessing financial data of their clients directly from the bank.
Yolt Technology Services grows open banking offering with new bank connections covering over 80% of bank accounts in Italy, France and Spain
- 4 years 6 months ago
- APIs, Open Banking
Yolt Technology Services (YTS), the leading European Open Banking provider has reached over 80% API coverage across Italy, France, and Spain. This notable growth forms part of the company’s European expansion strategy, as it extends its capabilities to build, manage and maintain AIS and PIS connections for more businesses across Europe.
Upco International Selects Token to Power Open Banking Payment Services In Mobile Messenger App
- 4 years 6 months ago
- APIs, Open Banking
Leading open banking infrastructure provider, Token.io, and Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”), today announce that Token’s payments API will be integrated into Upco’s popular Mobile Messenger to power a suite of open banking payment services within the app.
Banks Get Exempted from Providing PSD2 Fallback Channel with Salt Edge’s Solution
- 4 years 6 months ago
- Open Banking, Banking
Salt Edge, a leader in developing open banking solutions, helps banks and eWallets become PSD2 compliant in no time and get exempted by the national regulator from providing a fallback channel.
Tink technology enables multi-banking for Nordea’s Nordic app customers
- 4 years 6 months ago
- Open Banking
Open banking platform Tink and the leading Nordic bank Nordea have worked together to add new multi-banking features to Nordea’s mobile banking app. The new features will make it possible for Nordea’s app users to get a comprehensive overview of their finances in one place, including mortgage, savings, loans and current account — even from other banks.
Fiskl selects Salt Edge to globally amplify their financial management platform for small businesses
- 4 years 6 months ago
- Open Banking
Fiskl, a UK-based software as a service company, joined hands with Salt Edge, a leader in offering open banking solutions, to deliver a seamless financial control experience to millions of small businesses globally.
Nordics will show Europe how open banking is done right
- 4 years 6 months ago
- APIs, Open Banking
The Nordics have the potential to become the most successful open banking market in Europe thanks to the region’s highly digital society and quick adoption of new technologies, according to a report launched today by open banking platform Nordic API Gateway. But how is the Nordic region driving new opportunities across industries and leading the changes with open banking? How have businesses leveraged open banking to create value and meaningful... more
PayGuard® Chooses Nuapay for Open Banking Payments
- 4 years 6 months ago
- Open Banking, Payments
Leading provider of account to account payment solutions, Nuapay, today announces that it has been selected by PayGuard® a brand of Fusion Telecom to provide open banking payment services to its call centre customers. This is the first known deployment of open banking payments for telephone orders.
