Tink study: UK financial institutions amongst most positive in EU toward open banking
- 5 years 2 months ago
- Open Banking
New data published by open banking platform Tink reveals that financial institutions in the UK are embracing the open banking opportunity more readily than their European counterparts. The survey, based on 290 senior decision makers at financial institutions in 12 European countries, found that three quarters (74%) of UK financial institutions today say they are positive about open banking, compared to a European average of 61%.
Yemen’s Fastest Growing Bank Selects Temenos
- 5 years 2 months ago
- Open Banking, Banking
Temenos (SIX: TEMN), the banking software company, today announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its legacy IT systems and deploy a single, cloud-native, cloud-agnostic digital banking platform to underpin its banking operations. KIB is one of the Yemen’s top 5 banks, with 1.2 million customers and it aims to reach 5 million customers by 2023.
YTS reaches 90% API coverage in the Netherlands
- 5 years 2 months ago
- Open Banking
YTS, the leading Open Banking provider in Europe, can today announce that it has reached 90% API coverage in the Netherlands. YTS already provides 95% API coverage in the UK and is actively expanding its capabilities in other European markets, including France, Italy, and Spain.
Open banking data provider AccountScore and TruNarrative join forces
- 5 years 2 months ago
- Open Banking
TruNarrative, the global RegTech company has announced a new partnership with AccountScore, to integrate Open Banking connectors into the TruNarrative platform. Enabling Risk & Compliance teams to integrate affordability scores to aid onboarding and monitoring of customers.
Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals
- 5 years 2 months ago
- Open Banking, Fraud Detection, Compliance, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces the launch of its digital cloud-based Remote Account Opening solution, ahead of schedule, in order to assist US small businesses in accessing PPP emergency loans.
VibePay means business: Gen Z payments pioneers launch open-banking powered business offer
- 5 years 2 months ago
- Open Banking, Payments
VibePay, the enterprising ecosystem behind the fast growing social payments app, today announces its open banking driven offer for businesses. The latest products will allow brands to process frictionless checkout and subscription payments online, increasing transaction success and reducing fees, whilst giving brands a gateway into their engaged Gen Z community.
Salt Edge helps Roundups create a new way of donating
- 5 years 2 months ago
- Open Banking, Payments
Salt Edge, a leader in offering open banking solutions, joined Roundups in its mission to raise millions through adding up pennies left from payment transactions and donating them to charities and non-profit organisations.
OpenPayd enhances SEPA capabilities
- 5 years 2 months ago
- Open Banking
OpenPayd, an API-first Banking-as-a-Service provider, today announced it has enhanced its payments capabilities with direct access to the SEPA payment scheme (Single Euro Payments Area). The new integration will see OpenPayd’s business customers— predominantly online marketplaces, merchant acquirers and other high growth fintechs— benefit from fast and cost-effective payment processing across the 36 participating nations of the SEPA scheme,... more
Funding Options uses Open Banking to reduce business loan decision times
- 5 years 2 months ago
- Open Banking
Funding Options, the marketplace for business finance, is now using Open Banking to make it quicker and easier for businesses to access finance. Businesses applying for finance will see their application time reduced from days and hours, to just minutes as they will no longer need to source original bank statements. Around 20 lenders have agreed to consume the Open Banking data as part of their analysis for credit decisions. These include Just... more
Yapily raises $13m in Series A funding to drive the global open finance revolution
- 5 years 2 months ago
- Open Banking
Leading enterprise connectivity platform Yapily has today announced that it has raised $13m in a Series A funding round. The fintech will use the investment to drive open banking adoption by organisations across Europe; providing a strong, secure and powerful connectivity layer that enriches customer experiences and creates financial opportunity. The investment was led by Lakestar, an early investor in Skype, Spotify, Airbnb and Facebook as well... more
Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution
- 5 years 2 months ago
- Blockchain, Lending, Open Banking
Lendonomy, a Norwegian fintech startup that is developing a blockchain-based “Airbnb for lending” targeting GenZ, and Neonomics, a leading provider of open banking APIs have announced a new partnership agreement. The solution enables Norwegian customers of Lendonomy to instantly and securely lend and borrow small amounts of money to and from each other with payments powered by the Neonomics open banking API. The partnership is the first... more
National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19
- 5 years 2 months ago
- Open Banking, Personal Finance, Banking
Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get access to payment relief.
Billingo to digitalize the billing services with Salt Edge data aggregation
- 5 years 2 months ago
- Open Banking, e-billing, e-Invoicing
Billingo, the second-largest online invoicer in Hungary joined hands with Salt Edge, a leader in developing open banking solutions, to become the very first online biller in the country to offer a range of opportunities fuelled by bank data aggregation, without having their own PSD2 licence. Open banking started its journey in Hungary in September 2019 when PSD2 was transposed into national law. A high level of technological development in the... more
Open Banking growth spurs BIAN’s global memberships
- 5 years 3 months ago
- Open Banking
Independent not-for-profit standards association, The Banking Industry Architecture Network (BIAN), today officially welcomes a host of new members to its organisation. This includes a range of banks, consultancies and technology businesses such as, U.S. Bank, Banco de Credito del Peru, Bank Leumi, SPD Bank, UOB, CC&C Solutions, Knowis AG, Deloitte Consulting, SunTec Business Solutions, Technisys, Wipro and ServiceNow.
iDelta launches Open Banking Insights app to help high street banks strike back against online challenger brands
- 5 years 3 months ago
- Open Banking
In response to new regulations on ‘Open Banking’, Edinburgh-based iDelta has launched an app to help bricks-and-mortar banks combat the rapid rise of online challengers such as Revolut and Monzo. Open Banking, which is the UK’s implementation of the European Directive PSD2, requires the UK’s 300 banks and 45 building societies to release customer data to authorised third parties on the say-so of customers. As a result, customers can access their... more
