API developer platform TrueLayer integrates with Monzo
Takes advantage of the UK’s new open banking rules.
Open Banking
Will Open Banking usher in a new era of customer-centric banking?
And will it fundamentally improve customer service in the banking industry?
Banking tech round-up: 25 January 2018
Features Yolt, Chevy Chase Trust, FIS, Haven Savings Bank and Connecticut Online Computer Centre.
Challenger BankiFi launches with open banking battle cry
Platform’s launching customer is Nordea’s developer portal.
The open future is here: now comes the hard part
The arrival of open banking will (eventually) prompt entirely new services.
Open banking: what you need to know
The landscape for financial services is changing, and the jury is still out on how the endgame is going to play out.
Banking tech round-up: 19 January 2018
Featuring Fiserv, HSLC, Zürcher Kantonalbank, Contovista, Piraeus Bank, Intellect Design Arena and Bank of Baroda.
Top fintech stories this week – 19 January 2018
Catch up on our top five fintech stories of the week – all in one place!
UK Open Banking crew call on Contego to verify you
Open Banking Implementation Entity wants help with identities.
Envestnet | Yodlee unveils API solution for PSD2 compliance
To comply with the UK’s PSD2 and open banking API specifications for account information services.
Nationwide wide of the mark for UK open banking launch
Joins five banks in missing the deadline.
By George! Erste Group’s banking platform launches in Slovakia
Developed by the Austria-based bank’s in-house fintech.
Swift Institute launches data protection challenge Down Under
Aimed at challenging students in all levels of further education in Australia.
A look back at 2017 and ringing in a new year for the payments industry
2017 has been another eventful year for the payments industry. From celebrities like 50 Cent getting involved (more on this later) to businesses neglecting the needs of pretty much every generation bar millennials, there hasn’t been a dull moment.
Top fintech stories this week – 22 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ForgeRock to provide reference bank application to Open Banking
ForgeRock says it “becomes a key enabler in making open banking a reality”.
UK’s open banking service to go live in January 2018
The Open Banking Implementation Entity has confirmed that the UK will be the first nation to launch open banking.
Nordea’s open banking goes live in Finland
Nordea has connected APIs to its production system and made its open banking live in Finland.
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
TSB unveils new banking tech platform, Proteo4UK
“We have created a more digital, agile and flexible TSB,” stated Paul Pester, CEO of TSB, at the unveiling of the bank’s new technology platform, Proteo4UK.
FIS seeks API effect with Code Connect
FIS has unveiled Code Connect – an online gateway that allows its clients and third-party developers to access FIS APIs for use in developing and testing new solutions. With APIs more popular than free alcohol at a fintech conference, FIS joins the masses seeking to capitalise on the API fever. Code Connect includes more than […]
White paper: demystifying PSD2
This free white paper discusses the implications of PSD2 from an end-user standpoint.
Top fintech stories this week – 17 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Slow growth, new regulation and digitisation – driving innovation in the banking sector
Since the global financial crisis the banking industry has witnessed three mega-trends: slow growth, digitisation and new regulation. None of these trends look likely to abate any time soon and in fact, it appears that all of them are set to intensify in the short to medium term.
Finastra Universe London 2017: open banking and the rise of AI
Finastra has revealed its focus on the open innovation of smart technologies in banking, alongside artificial intelligence (AI), machine learning/deep learning.
Token and Envestnet | Yodlee team up for open banking
Open banking platform provider Token has partnered with Envestnet | Yodlee, a data analytics platform, for payments and financial data aggregation. The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s […]
Mobey Day Barcelona: disruption, money and forward thinking
This year’s Mobey Day continues with the consistent collaboration between banks, start-ups and fintechs. Focusing on the development of technology during a time of disruption, the biggest players drew attention to leading in future challenges and trends.
Starling Bank bolts to Yolt money app
Yolt, the money app backed by ING, has integrated with its first digital challenger bank, Starling Bank. Yolt says its aggregation functionality now enables Yolt users to view their Starling Bank account details and transactions alongside their other bank accounts, together in one place. Since launching in June 2017, Yolt states that its users have […]
Case study: Hellenic Bank – building a bank through strategic partnerships
Natasha Kyprianides, group head of digital banking and innovation at Hellenic Bank, gives the lowdown on how to apply the partnership strategy in practice and achieve real results.
HSBC UK heads towards open banking through fintech partnership
HSBC UK and its First Direct online banking subsidiary have partnered with fintech start-up Bud to provide customers with an integrated selection of financial services products and tools from across the market.
Open banking: nothing personal
Financial authorities globally are promoting open banking. While it represents a shift in the mindset of traditional banks, Heather McKenzie, editor of Daily News at Sibos, finds they may be up to the challenge.
Daily News at Sibos 2017 – Day 3
Read our third Daily News at Sibos edition of the Sibos 2017 conference in Toronto – all the latest news and analysis from Swift’s premier event of the year. Free to read online or pick up a complimentary print copy if you are at Sibos!
BIAN unveils API-ready release to boost cloud banking ambitions
The Banking Industry Architecture Network (BIAN), a not-for-profit fintech industry body, has launched its latest release of its service landscape. Termed SL 6.0, the framework is designed to provide a “globally standardised and simplified” banking architecture structure, using a service-based architecture.
The race to meaningfully engage with customers is on
The disruptive threats that banks face today are well documented: fintechs, decentralised cryptocurrencies, distributed ledger technology and now the tech giants like Amazon, Facebook and Apple, to name a few. These players are all now placing themselves between retail banks and their customers, meaning that banks are not just competing with other banks anymore.
Sibos 2017 opening plenary: data is the new battleground
Welcome to Sibos 2017 in Toronto – bringing together 8,000+ delegates from 150 countries. And this year we have a new (or the vintage new?) theme: data. Not the “big data” though (that everyone was talking about a few Sibos conferences ago), but just data.
Oracle unleashes open API banking solution set
Oracle has unveiled its array of open banking solutions as it targets banks and pushing APIs into the mainstream.
PSD2 – the tip of an Open Banking API iceberg?
It’s been over a year since I first blogged on the subject of open banking and it is fair to say, mainly driven through the regulatory pressures of PSD2 and the UK Competition and Markets Authority (CMA) led UK Open Banking initiative, that across Europe, much progress has been made in moving the banking industry to adopt APIs.
Temenos teams with MuleSoft to accelerate open banking
Banking software provider Temenos has teamed up with Mulesoft, a platform provider for building application networks. The move is intended to break down barriers to the open banking initiative by facilitating API connections, reports Julie Muhn at Finovate (Banking Technology’s sister publication). As a part of the partnership, Temenos will develop a core banking adaptor […]
HSBC UK takes first step into open banking
HSBC UK is taking steps in a new direction with its first foray into open banking. Starting with the introduction of a new testing platform, HSBC Beta, this allows HSBC to get its feet wet before diving in with a fully fleshed out app for customers in 2018. Still, the testing platform won’t be no […]
SunTec Xelerates its open banking ambitions
SunTec has unveiled its out-of-the-box open banking solution, offering preset configurations and definitions, through its Xelerate billing system. With the rise of open banking, SunTec wants to join the throng looking to prosper in a very competitive and crowded market. The firm says banks can use the layer to get business value from their APIs […]
