Open Banking
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Revolut Accused Of Failing To Pay Employee Bonuses
Tuesday 29th December - 10:51 am
A dispute over worker bonuses initially led to a job action — and now a court case in Poland — claiming that the U.K.-based FinTech Revolut dismissed an employee who ...Traditional FIs Drive Modernization Through FinTech Pairings
Tuesday 29th December - 8:00 am
Traditional financial institutions (FIs) continue to anticipate future demands and make progress in their modernization efforts, but they’re not doing it alone.
In this week’s roundup of bank-FinTech collaboration and open ...Finicity Expands Data Access Through APIs Via Agreement With Brex
Friday 18th December - 3:26 pm
A month after its purchase by Mastercard was cleared by the Department of Justice (DOJ), open banking platform Finicity announced on Friday (Dec. 18) that it has signed a data ...Bank-FinTech Collaborations Digitize Trade Finance, Enhance Online Banking
Thursday 17th December - 8:00 am
Bank-FinTech collaborations continue to go strong as financial institutions (FIs) focus on digitizing documents and processes, while providing enhanced digital banking experiences to their small business customers.
This week’s look at ...Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead
Friday 11th December - 3:00 pm
In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. Plus, Airbnb ...New Funding Values Swedish FinTech Startup Tink At $824 Million
Friday 11th December - 7:02 am
A new funding round for the Stockholm-based FinTech Tink boosted the startup’s valuation over 60 percent to €680 million ($825 million), according to a CNBC report on Friday (Dec. 11), citing ...Pandemic, Open Banking Give Boost To Digital-Only Banking
Wednesday 9th December - 11:59 am
A tech upstart – a FinTech, no less – breaking even in 2020?
Could happen.
For more than one company.
We’re being a bit tongue in cheek, but the fact remains that digital-only ...Today In Digital-First Banking: Open Banking Provider Fabrick Teams With Nets; Societe Generale, Credit du Nord To Merge Retail Banking
Tuesday 8th December - 2:46 pm
In today’s top news in digital-first banking, open banking provider Fabrick is collaborating with instant payments company Nets, while Societe Generale and Credit du Nord have approved a plan to ...FIs Turn To FinTechs To Elevate Trade Finance
Tuesday 8th December - 8:00 am
While the bank-FinTech collaborative paradigm can enhance a wide array of solutions for corporate and small business end users, this week’s look at the latest tie-ups shows a rising interest ...Synctera Brings 'FinTech As A Service' To Community Banks
Tuesday 8th December - 7:01 am
Bet your last application programming interface (API) that the strong suits for FinTechs as the year heads to a close are innovation and user experience. On the other side of ...Why The Future Of Corporate Banking Is All About Connectivity
Thursday 3rd December - 8:00 am
For all of the innovation that’s occurred in the banking landscape, it’s often consumers – not corporates – that benefit from the latest technologies. While FinTech innovators continue to drive ...Merchants Get Clarity Around Compliance As Global Payment Regulations Evolve
Friday 27th November - 10:00 am
Compliance with financial regulations market-to-market around the globe is increasingly automated yet relies on the same human emotion that undergirds all forms of exchange: trust.
In other words, banks and financial ...Deep Dive: How Merchants Can Deploy Robust Digital Identification To Match Evolving Open Banking Standards
Wednesday 25th November - 8:00 am
Open banking regulations and proposals have progressed worldwide in recent months. Lawmakers in China, Singapore and Thailand, for example, have all either upgraded or recently introduced new laws surrounding the ...Banks Embrace Direct Data Integrations For SMB Services
Tuesday 24th November - 8:00 am
U.S. Bank is shifting away from screen scraping in favor of direct data connectivity, but it’s not the only financial institution (FI) embracing the data strategy. This week’s look at ...The Rise Of The Multitasking SMB Finance App
Monday 23rd November - 8:00 am
The way entrepreneurs are managing their businesses — and their businesses’ finances — is changing, with complexities and pain points multiplying.
Amid the market uncertainty of the pandemic, small business owners ...Mastercard’s Vosburg: Trusted Intermediaries Will Drive Consumer Data Aggregation
Monday 23rd November - 4:02 am
There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used ...NowRx: Digital Identity Benchmarks Help Healthcare Industry Set Tone For Privacy
Monday 23rd November - 4:01 am
A recent report released by the United Nations found that 132 out of 194 countries have now introduced data protection regulations of some kind, all varying in terms of what ...Today In B2B Payments: Visa Unlocks SMB Data, Mastercard Drives Biz Card Adoption Across MEA
Thursday 19th November - 2:16 pm
Today in B2B payments: Visa collaborates to open up small business banking data, while Mastercard drives commercial card adoption across the MEA region. Plus, American Express eyes social media shoutouts ...Revolut Brings Open Banking To Germany In Deal With TrueLayer
Tuesday 17th November - 11:31 am
Revolut announced Tuesday (Nov. 17) that, in collaboration with TrueLayer, it will expand into Germany. Earlier this year, the European digital bank had taken on Ireland, France and Italy.
In a ...Bank-FinTech Collaboration Tackles SMB Finance Friction
Tuesday 17th November - 8:00 am
Bank-FinTech collaboration continues to thrive as more financial service providers place small- to medium-sized businesses (SMBs) front-and-center of product development.
This week’s look at the most recent initiatives in partnerships and ...DOJ Approves Mastercard's $825M Acquisition Of Finicity
Monday 16th November - 10:22 am
Mastercard’s $825 million move to acquire Finicity, which provides access to financial data in real time, is inching ahead after the deal gained the approval of federal regulators.
“We have been ...Railsbank Funding Shows That BaaS Is Heating Up
Thursday 12th November - 3:50 pm
The money flows, and banking-as-a-service (BaaS) grows.
The rise of the digital economy has proved to be a tailwind for platform models and APIs to take root, offering a range of ...SMB Funding Embraces The Open Banking Way
Thursday 12th November - 8:00 am
It may be an open road for open banking as, three years after the rollout of the second Payment Services Directive (PSD2), bank-FinTech collaborations and new initiatives unlocking bank account ...How Open Banking Keeps Spend Management FinTechs Agile
Wednesday 11th November - 8:00 am
With the pandemic ravaging the business travel market, travel and expense management FinTechs have had to think on their feet and adjust to the new market realities of a decline ...Exploring The Future Use Cases Of Open Banking For Corporates
Tuesday 10th November - 8:00 am
With open banking technologies making their way beyond the world of consumer finance and into the business banking market, new use cases are emerging from the legislation that opens up ...Today In Payments: Amazon Opens Three Brazilian Logistics Hubs; US Business Leaders Hope For Pandemic Relief
Monday 9th November - 3:00 pm
In today’s top news, Amazon is opening three new logistics hubs in Brazil, and U.S. business leaders are calling for a peaceful transition of power in the U.S. election in ...An Open Road For Open Banking?
Monday 9th November - 4:00 am
In banking, collaboration — between the traditional players like banks and the tech savvy FinTechs bringing a slew of new apps to market — is key.
Increasingly, open banking will underpin ...SMB Banking-as-a-Service Ushers In Bank-FinTech Collaboration
Thursday 5th November - 8:00 am
Small business Banking-as-a-Service rises to the top in this week’s roundup of the latest bank-FinTech collaborations and open banking initiatives. Two SMB BaaS companies secured new funding, while FinTech Wise ...Today In Payments: Scammers Target Used Car Buyers; California Voters Uphold Gig Worker Status
Wednesday 4th November - 3:26 pm
In today’s top news, scammers are targeting used car buyers amid an uptick in digital sales, and California voters passed a proposition that upholds gig worker status. Plus, Wayfair released ...Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout
Wednesday 4th November - 10:30 am
In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. Stand?”, the Federal Reserve Bank of Boston said, “To date, U.S. regulators have taken a ...No Open And Shut Path For Open Banking As CFPB Mulls Rules
Tuesday 3rd November - 8:53 pm
If data is the oil that brings change to financial services, the pipelines are increasingly under scrutiny.
Late last week, the Consumer Financial Protection Bureau (CFPB) said it will look to ...Deep Dive: How Understanding Open Banking Rules Can Help Merchants Gain Consumers' Trust
Tuesday 3rd November - 8:30 am
Lingering economic uncertainty and growing fraud rates in multiple markets are prompting consumers to sharpen their focus on privacy and security. Eighty-one percent of consumers in one recent study said that ...Adding Banking To The Mix Of Growing Digital SMB Ecosystems
Monday 2nd November - 8:00 am
The pandemic has altered the business banking landscape, in more significant ways than one.
The Small Business Administration’s relief program had many small business owners turning to financial service providers other ...Why Merchants Must Keep An Eye On Changing Data Privacy Perceptions
Monday 2nd November - 8:00 am
Eighty-seven percent of Americans believe data privacy is a basic right, so merchants can’t afford to miss the mark on safeguarding consumers’ information. Michael Reidbord, president of retail technology organization ...REPORT: Consumer Privacy Concerns Demand Regulatory Compliance
Friday 30th October - 4:02 am
More consumers are turning to digital channels to make daily purchases as the pandemic continues. Emerging data privacy and open banking rules meant to regulate these digital transactions are thus ...US Inches Toward Open Banking With CFPB Notice
Thursday 29th October - 8:00 am
With more and more FinTechs introducing their own banking services, the competition is heating up.
Small business lending platform BlueVine is the latest FinTech to take this path, having taken the ...Embedded Financing Helps Asia’s SMBs Weather Cash Flow Challenges
Wednesday 7th October - 8:00 am
To smooth cash flow headwinds, small- to medium-sized businesses (SMBs) can benefit from access to financing through digital-only channels.
To that end, Banking-as-a-Service (BaaS) company RootAnt, based in Singapore, is aiming ...The Bank-FinTech Tie-Up Streamlines Access To Finance, Data
Thursday 1st October - 8:00 am
As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs ...Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws
Wednesday 30th September - 7:30 am
Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up ...How Middle Eastern Merchants Can Keep Up With Pandemic-Driven Privacy, Payment Shifts
Tuesday 29th September - 7:30 am
Consumers around the globe have moved their purchasing online during the pandemic, and those in the Middle East and North Africa (MENA) region are no exception.
The region’s financial institutions (FIs) ...Treasury Tech Finds A Home In Bank-FinTech Collaboration
Monday 28th September - 8:00 am
Banks’ embrace of FinTech is often driven by consumers’ growing demand for a more seamless and unified experience. But corporates can benefit from industry collaboration, too.
Increasingly, treasurers are seeking intelligent ...Unlocking Brazil's Open Banking Potential
Wednesday 23rd September - 8:00 am
In the journey to improve the payments experience, sometimes the best user experience (UX) is an unnoticeable one.
Payment innovators are migrating toward making payments nearly invisible to the payer, with ...B2B FinTechs Get Creative With Open Banking Use Cases
Tuesday 22nd September - 8:00 am
No longer is open banking solely for consolidating financial information into a single platform for one end user. This week’s look at the latest in open banking initiatives shows creativity ...Tink Seeks Open-Banking Growth With Acquisition Of OpenWrks' Aggregation Platform
Monday 21st September - 11:47 am
Swedish open-banking platform Tink and U.K.-based OpenWrks have entered into a strategic partnership that includes Tink acquiring OpenWrks’ aggregation platform for an undisclosed sum.
Tink enables FinTechs to access customers’ financial ...Open Banking Tie-Ups Challenge SMB Banking Incumbents
Wednesday 16th September - 8:00 am
PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market ...
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