What the Fintech? Episode 9 | Open banking: entering the mainstream
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
Coconut CEO, Sam O’Connor, shares his insight on the Plaid and Finicity acquisitions.
Weng Kan led Google’s attempt to edge into the insurance market in 2015.
There is still more to do, a lot more, and it heavily relies on banks’ cooperation.
Unlocking the benefits of open banking.
The median open banking spending lies between €50-€100 million according to Tink.
The fintech is moving into wealth and expanding to the US.
Figure represents a quadrupling of registrations since an October 2019 pilot.
FinTech Futures speaks to Rajashekara V. Maiya at Infosys Finacle about open banking.
If open banking was to deliver on its promise, the opportunity for growth would be enormous.
The process took six minutes end-to-end, claims bank.
Aion, DiPocket, and Modulr have signed up to Mastercard’s Open Banking Protect solution.
Sopra Banking Software serves roughly 1,500 banks and financial institutions.
ANZ, NAB, Westpac and Commonwealth Bank have all gone live with APIs.
CEO Ed Maslaveckas says aggregation is “least disruptive” part of open banking.
The Swedish bank has roughly 6.2 million customers.
The service uses open banking infrastructure.
The launch date was moved up because “open banking can make life easier in lockdown”.
Open banking platform continues expansion in Asia.
This follows a similar acquisition of Plaid by rival Visa in January.
The UK’s CMA is looking into potential anti-competitive implications.
The bank launched just nine months ago.
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
The challenger is gearing up for a launch later this year.
It has raised an undisclosed funding round to help build out its product.
The fintech to provide receipts management in Chase’s banking app.
Data sharing enables banks to more effectively serve customers across the lifecycle.
Real-time payments and fraud: balancing customer relationships and security.
It’s therefore important for banks to make sure they are dealing with legitimate and regulated TPPs.
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
As part of the deal Tink will cover all countries in EEA for PayPal.
The open banking firm has been added to the Payment Acceptance Framework.
The firm is also looking to hire between 40-50 new developers.
But we are already drowning in a sea of data.
The separation of customer management from product management has very strong advantages.
Phased implementation will start in November 2020.
The start-up’s funding round was led by San Francisco-based Class 5 Global.
Edinburgh-based fintech prepares for next growth phase.
It’s set to launch for the bank’s users in Norway, Finland and Denmark “in the coming months”.
The investment values it at $110m, with the founders keeping a 40% stake in the start-up as part of the deal.