- Thursday 4th April - 10:56 am
Embedded banking firm ClearBank is reportedly planning to expand into Europe and the U.S.
Charles McManus, the British firm’s CEO, told Bloomberg News Thursday (April 4) that the company has applied ...
- Wednesday 3rd April - 2:53 pm
FinTech infrastructure firm Brim Financial has raised $85 million in a Series C funding round.
“This funding will accelerate Brim’s growth and fuel our international expansion,” Rasha Katabi, CEO and founder of Brim Financial, said in ...
- Wednesday 3rd April - 4:03 am
Shadi Saifan, vice president of engineering at NCR Voyix, told PYMNTS in an interview that bridging the gap between the promise of open banking and making that promise a reality is ...
- Wednesday 27th March - 8:34 pm
Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement.
The company’s recently launched open banking services include bank verification and balance check capabilities powered by MX’s instant account verifications ...
- Wednesday 27th March - 11:20 am
Payop and Tink partnered to promote the adoption of pay-by-bank as a payment method across Europe.
Payop added Tink’s pay-by-bank offering to the eCommerce checkout options it offers to European merchants, the companies said ...
- Wednesday 27th March - 4:02 am
Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the same ease of use and ...
- Wednesday 27th March - 4:02 am
Jim McCarthy, CEO of Thredd, said in a recent interview that banks have to break down their walled gardens to give customers what they truly want.
“Most of the world has ...
- Wednesday 27th March - 4:01 am
Rich Clow, managing director and head of innovation and strategy, Global Payments Solutions, Bank of America, told PYMNTS that omnichannel demands are pointing banks toward a seamless continuum of digital and ...
- Friday 22nd March - 1:10 pm
Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC), recently voiced support for a new proposal by Federal Deposit Insurance Corp. (FDIC) to apply additional scrutiny when reviewing ...
- Thursday 21st March - 4:01 am
Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts.
The most notable, and long lasting, changes in consumer ...
- Tuesday 19th March - 5:58 pm
The U.S.’s top consumer protection watchdog is on the lookout for financial services industry players hoping to game open banking for their own benefit.
This warning was delivered last week by ...
- Tuesday 19th March - 4:01 am
Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one type of expense, including monthly ...
- Monday 18th March - 4:50 pm
Despite a recent decrease in inflation rates, consumers remain cautious in their spending habits, wary of the economic uncertainties ahead.
In fact, the persistent concern over living costs continues to shape consumer behavior, ...
- Monday 18th March - 11:57 am
Small- to medium-sized businesses (SMBs) represent a puzzle that banks have long struggled to solve.
SMBs need fast, flexible and digital-first solutions that help rather than hinder growth. However, their needs ...
- Friday 15th March - 11:23 am
Bank payment company GoCardless plans to grow its indirect channel offering with an acquisition of Sentenial, which operates under the Nuapay brand.
GoCardless has signed an agreement to acquire the company ...
- Thursday 14th March - 2:27 pm
Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.
“The launch means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card ...
- Wednesday 13th March - 5:36 pm
Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through the site.
One recent story specifically identifies ...
- Wednesday 13th March - 11:37 am
All the complexity and complications inherent to B2B payments have one, simple solution: going digital.
But despite a sea of change in the payments world, change that is made up of ...
- Tuesday 12th March - 11:53 am
Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings.
The new Smart Subscriptions solution enables consumers to cancel, pause and resume their subscriptions, ...
- Monday 11th March - 4:05 pm
British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank.
The company announced Sunday (March 10) that it had received approval from the U.K.’s financial services regulators, the Prudential ...
- Monday 11th March - 8:20 am
Nexi has chosen Mastercard to help it support open banking account-based payments throughout Europe.
“Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across Europe,” the companies said in a ...
- Thursday 7th March - 4:02 am
The payments journey, and landscape, is an ever evolving one, but one thing is certain: fraudsters will try to exploit any vulnerability they can to access money and data that ...
- Monday 4th March - 10:47 am
Last month, a top financial industry regulator voiced concerns that banking and FinTech collaborations might be “blurring the lines” between banking and commerce.
According to Michael Hsu, CEO of the Office ...
- Sunday 3rd March - 10:54 pm
The digitization of financial services — and the rise of open banking — has given rise to a shifting landscape of partnerships.
And the pursuit of innovation has led to a ...
- Friday 1st March - 3:48 pm
Financial institutions are beset on all sides.
The PYMNTS Intelligence report “New Data: FIs Cooling on Open Banking but Still on Course for Real-Time Payments” found that more than a third ...
- Wednesday 28th February - 10:20 am
Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products.
The program will use open banking solutions to streamline and secure the account ...
- Tuesday 27th February - 4:30 pm
Account-to-account (A2A) payment solution Dwolla now offers open banking services.
The new integration, announced Tuesday (Feb. 27), adds services like instant account verification, balance checks and fraud mitigation to the company’s ...
- Tuesday 27th February - 1:07 pm
Nearly half of financial institution executives are concerned that open banking may not be a positive value proposition — especially in an environment of increasing fraud.
Forty-six percent of FIs said ...
- Monday 26th February - 4:03 am
Open banking is transforming the banking industry. It grants third-party FinTechs access to the financial data and funds traditional financial institutions (FIs) manage. Doing so can pave the way to ...
- Thursday 22nd February - 3:09 pm
Zūm Rails has raised $7.7 million to expand its open banking/instant payments solution.
The Montreal-based company announced the $7.7 million ($10.5 million CAD) Series A funding round Thursday (Feb. 22), saying it would use ...
- Tuesday 20th February - 5:05 pm
OpenPayd has partnered with TrueLayer to enhance the instant payment solutions it offers its clients.
By leveraging TrueLayer’s open banking payment network throughout the United Kingdom and Europe, OpenPayd will enable instant account-to-account (A2A) ...
- Wednesday 14th February - 12:24 pm
Financial technology firm FIS has formed a partnership with opening banking provider Banked.
The collaboration is aimed at driving new pay-by-bank offerings for consumers and businesses, according to a Wednesday (Feb. 14) press release.
“Pay-by-bank solutions simplify ...
- Wednesday 14th February - 4:03 am
Matt Janiga, legal counsel and director of regulatory and public affairs at Trustly, told PYMNTS that the Consumer Financial Protection Bureau’s open banking rule, commonly referred to as Rule 1033 ...
- Tuesday 13th February - 3:00 pm
eCommerce solutions firm Radial is partnering with open banking payment platform Link Money on a pay by bank tool for merchants.
The tool uses Link Money’s proprietary artificial intelligence/machine learning model to send payments, eliminating ...
- Monday 12th February - 6:40 pm
It’s mid-February, and the tone of earnings season — along with various partnership announcements — has underscored the value of data harnessed by all manner of providers to make open ...
- Thursday 8th February - 6:03 pm
Open banking connectivity features are transforming the way consumers receive payouts from merchants, service providers and government agencies. These features allow consumers to link their bank accounts directly, using their ...
- Thursday 8th February - 3:25 pm
FIS has debuted a platform that lets its clients’ customers share banking data.
The Florida-based global FinTech has signed agreements with data networks Akoya, Envestnet, Yodlee, MX and Plaid to integrate into the FIS Open Access platform, the company ...
- Thursday 8th February - 4:01 am
Anticipation looms within the financial industry as the Consumer Financial Protection Bureau gears up to implement a rule governing consumer data sharing.
The CFPB said the proposed rule will accelerate a ...
- Wednesday 7th February - 7:00 am
Trustly has integrated MX Technologies’ data enhancement services into its open banking product suite.
With consumer-permissioned transaction data that has been cleansed and categorized, Trustly merchants will be better able to make marketing ...
- Wednesday 7th February - 4:00 am
In today’s fast-paced world, consumers expect quick and seamless payment experiences. This means that when they receive payouts, they want them to be processed and deposited into their accounts without ...
- Monday 5th February - 3:47 pm
Open banking is set to change the world.
But viewed through the lens of what’s happened so far, and through the lens of the United Kingdom’s experience, the road to transformation ...
- Friday 2nd February - 11:37 am
Beyond the debit and credit card issuance, beyond the consumer spending, the networks see growth ahead underpinned by new payment flows.
The recent spate of earnings results from Mastercard and from ...
- Wednesday 31st January - 3:10 pm
Open banking payments network TrueLayer is offering its products via Worldline’s payment orchestration platform.
Beginning Wednesday (Jan. 31), Worldline Payment Orchestration merchants can enable TrueLayer’s payment products including Payments, Payouts and Signup+ in the U.K. and ...
- Tuesday 30th January - 1:21 pm
Mastercard has launched an expanded payments partnership with Oklahoma’s BOK Financial.
The collaboration, announced Tuesday (Jan. 30), makes Mastercard the exclusive payments network for BOK’s debit and commercial portfolios, and expands the company’s relationship with ...
- Monday 22nd January - 4:00 am
Open banking promises to forge new financial ecosystems as data is shared among banks, corporates and consumers.
Easier said than done. Banks must be on board. Corporates must be on board. ...