Temenos launches new SaaS propositions to help banks respond to Covid-19 while accelerating their digital transformation

Temenos (SIX: TEMN), the banking software company, today announced the launch of eight propositions – using innovative Explainable AI (XAI) and cloud technologies – to help banks in their immediate response to the Covid-19 crisis. Temenos is supporting banks to ensure business continuity, enhance digital engagement to meet clients’ changing needs, and manage socioeconomic pressures. These Covid-19 propositions are immediately available worldwide... more Read more »

Surecomp® Sets the New Open Banking Standard for Trade Finance APIs & Gives Free Trial to Customers

Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced the opening of its Application Programming Interfaces (API) architecture to customers in a sandbox testing environment, setting the new open banking standard in the digitization of trade finance processing and connectivity. Read more »

Open Banking UK (OBIE) Commercial Executives join competitor Konsentus

Konsentus today announced that two senior members of the commercial team at the Open Banking Implementation Entity (OBIE), have joined Konsentus as VP, Business Development, to scale up operations as Open Banking takes off across the UK and Europe. Paul Hughes, most recently, Head of Business Development at the OBIE, also held senior positions at Vocalink, U.S. Bankcorp (Elavon), RBS and Barclays. He is joined by Peter Mortlock, a senior Sales... more Read more »

Tink study: UK financial institutions amongst most positive in EU toward 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%. Read more »

Yemen’s Fastest Growing Bank Selects Temenos

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. Read more »

YTS reaches 90% API coverage in the Netherlands

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. Read more »

Open banking data provider AccountScore and TruNarrative join forces

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. Read more »

Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals

 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. Read more »

VibePay means business: Gen Z payments pioneers launch open-banking powered business offer

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. Read more »

Salt Edge helps Roundups create a new way of donating

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. Read more »

OpenPayd enhances SEPA capabilities

 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 Read more »

Funding Options uses Open Banking to reduce business loan decision times

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 Read more »

Yapily raises $13m in Series A funding to drive the global open finance revolution

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 Read more »

Lendonomy selects Neonomics to build Norway’s very first PSD2 crowdlending solution

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 Read more »

National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19

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.  Read more »

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