Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

EMEA Daily: Flutterwave Adds Google Pay for African Businesses
EMEA Daily: Flutterwave Adds Google Pay for African Businesses
September 22, 2022  |  emea

Today in Europe, Africa, and the Middle East (EMEA), the pan-African payment firm Flutterwave announced that merchants using its business platform will now be able...

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EMEA FinTech NORD.Investments, Mastercard Team on Open Banking Payments
EMEA FinTech NORD.Investments, Mastercard Team on Open Banking Payments
September 21, 2022  |  Digital Banking

Mastercard company Aiia is collaborating with NORD.Investments to allow more open banking payments in Denmark’s largest independent digital investment advisor platform, a press release from...

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Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
September 21, 2022  |  Digital Banking

Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help...

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As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
September 20, 2022  |  Digital Banking

Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent —...

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London Open Banking Startup TrueLayer Cuts 10% of Staff
London Open Banking Startup TrueLayer Cuts 10% of Staff
September 16, 2022  |  Banking

Citing formidable market conditions, London open banking startup TrueLayer — valued at $1 billion last year — is laying off 10% of its staff of approximately 443...

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A Rough Guide to Europe’s Open Banking Platforms
A Rough Guide to Europe’s Open Banking Platforms
September 09, 2022  |  emea

It is now nearly seven years since the European Commission passed the Revised Payment Services Directive (PSD2), and nearly three years since the final deadline...

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Pleo Teams With Yapily to Power SMB Cash Flow
Pleo Teams With Yapily to Power SMB Cash Flow
September 08, 2022  |  Digital-First Banking

Automated expense management system Pleo is partnering with open banking application programming interface (API) startup Yapily to help small and medium-sized businesses (SMBs) manage cash...

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Today in B2B Payments: 2 Companies Announce Acquisitions
Today in B2B Payments: 2 Companies Announce Acquisitions
September 07, 2022  |  B2B Payments

Today in B2B payments, FLEETCOR acquires Plugsurfing to facilitate payment for electric vehicle (EV) charging in Europe, while TimePayment buys QuickSpark to combine the two...

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What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
September 06, 2022  |  Digital-First Banking

At the end of August, the Dutch banking group ING announced that it would be phasing out its open banking platform Yolt, citing a “rapidly...

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