OPEN BANKING

ALL OPEN BANKING NEWS

AIB opens to APIs

Ireland’s AIB opened its arms wide with the launch of its API developer portal. Rival Ulster Bank did so last year More and more banks …

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Starling Bank’s Megan Caywood jumps to Barclays ship

Starling Bank’s Chief Platform Officer Megan Caywood is joining Barclays when she filed her notice a few weeks ago TechCrunch. Caywood led Starling’s marketing activities …

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The BGL Group acquires the Bean PFM app

Peter Myatt, founder of Bean BGL Group, a digital distributor of insurance and home finance services, has signed an agreement to acquire Saverd, the company …

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Top Fintech Stories This Week – October 26th, 2018

Catching up FinTech futuresThe five best fintech stories of the week – all in one place! IBM introduces Open Banking Platform When a rip-and-replace strategy …

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ID Co is in a good mood with the launch of the NoMo Money app

With the launch of its NoMo Money app for cash flow tracking, ID Co would like to win personality competitions through open banking. You may …

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Bank of America is launching the cross-bank functionality for the app

With Bank of America, customers can switch from Bank of America, Merrill Lynch, Merrill Edge and US Trust mobile apps without having to re-authenticate. This …

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Digital engagement in banks and the rise of the API economy

Ben Henshal, red hat We wanted to know more about APIs and who better than red hat’S Benjamin Henshall, Country Manager, India, and Head of …

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ANZ, NAB wail their crap data blues to ASIC

The wave of digital transformation sweeping across Australia’s big banks will not be capable of electronically absorbing a revamp of responsible credit rules floated by …

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Starling Bank is expanding its white label banking services

Starling Bank is expanding its offering of banking-as-a-service and payment services and bringing white label banking services to the UK. Anne Boden, star This allows …

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11: With the introduction of FS Foundry, banks will be digitized

Consulting firm 11: FS launched 11: FS Foundry, an approach to delivering digital banking services through a modular core banking architecture. It starts with the …

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Red Hat and Open Bank project team for the next generation of Open Banking offering

Red Hat and Tesobe are teaming up for Open Banking The Open Bank Project, an open source API solution for banks, has introduced a new …

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IBM introduces Open Banking Platform

Tom Eck, IBM: Overhauling older core banking systems while innovating is like trying to change tires while the highway is accelerating IBM has unveiled its …

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Big Four tech shops scramble as Consumer Data Right finally clears Senate unmolested

A degree of strategic investment certainty has returned to Australia’s multi-billion dollar banking and financial technology sector, after crucial Consumer Data Right (CDR) legislation finally …

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Deutsche Bank opens its technology to third parties

Building an ecosystem of APIs Deutsche Bank has accelerated the opening of its IT systems to third-party service providers in the areas of corporate and …

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JP Morgan Chase partners with Plaid for Open Banking

Plaid works with JP Morgan Chase Following its international debut earlier this year, Plaid, a provider of APIs for financial infrastructure, announced that it has …

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Webinar: Get the most out of PSD2 and Open Banking

Compliance with the revised Payment Services Directive (PSD2) and Open Banking requirements can be both challenging and rewarding in order to protect consumers, stimulate innovation …

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APIs and the customer journey to open banking

Nadish Lad, Volante: What needs to be done to make Open Banking work? The current main focus for banks around PSD2 and Open Banking is …

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Sibos 2018: Alpha bets S-Z

In the fourth part of our new function for Daily news at SibosWe take a quick look at fintech companies worth keeping an eye on …

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Westpac tries to steal a march on open banking data reforms

Westpac has welcomed the new financial year with a bout of technological chest beating over its readiness for the onslaught of open banking, despite questions …

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The cooperative bank relies on open banking with Fiservs technology

Fiserv signs new tech deal with Co-op Bank The UK-based credit union will implement Fiserv’s FinKit for Open Banking “to give customers more flexibility in …

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Nordea starts instant coverage for commercial breaks

Nordea’s love of open banking continues with the introduction of the instant reporting solution for corporate customers. The idea is to give people access to …

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Crunch launches mobile accounting platform for self-employed in the UK

UK self-employed online accounting firm Crunch has launched its new mobile platform after four years of development and £ 5.5m later. In addition to digital …

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Instabase raises $ 105 million sent to unicorn status

App Store for Banks Instabase raised $ 105 million in its Series B financing round and valued the start-up at more than $ 1 billion …

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Kaleyra and Epiphany open first open banking center in Italy

Full-stack digital banking platform Epiphany and cloud provider for messaging services Kaleyra have launched the first open banking hub in Italy. Banks using the Kaleyra …

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Mastercard and Visa are fighting for Revolut deals

British challenger Revolut will launch its US card with Mastercard later this year. However, as part of its global expansion, the fintech will also mainly …

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The Dutch challenger bank Bunq announces that Brexit has delayed the launch of the British “wish list”

The Netherlands-based challenger bank Bunq has admitted that Britain was always on its “wish list” and would have been the first country to start “without …

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The PayPal subsidiary Venmo introduces the first credit card at Synchrony Bank

New York-based social payments app Venmo has announced the launch of its first credit card in partnership with Synchrony Bank, which is already the publisher …

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Finovate Podcast: Epsiodes 1-10

The Finovate podcast is a short, interview-based podcast with conversations from fintech’s elite innovators and influencers. For more than a decade, the global series of …

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DIS 2019: According to Lendtech OpenWrks, a divorce and relationship breakdown can be predicted

Open Banking and Lendtech Enabler OpenWrks says it can spot customers at risk before the event even makes them vulnerable, and uses algorithms that can …

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The user base of the Brazilian fintech Nubank increases to 15 million

Brazilian fintech Nubank claims to have 15 million customers, up 25% since August. Jane Connolly writes. Nubank: “We are growing fast” Reuters reports that Nubank, …

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OTP Bank welcomes start-ups in its partnership program that are at a later stage

OTP Bank in Central and Eastern Europe (CEE) is starting its third international start-up partnership program, which is open to “start-ups in the later phase …

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Revolut hires JP Morgan to manage the $ 500 million financing round and issue a $ 1 billion loan

Challenger Bank Revolut has hired investment bank JP Morgan to run its $ 500 million round of funding and issue a $ 1 billion convertible …

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The Finnish biller Enterpay collects 1 million euros and works with a German bank

The Finnish automated billing solution Enterpay has raised one million euros and attracted the international partner Volksbanken Raiffeisenbanken. The start-up team offers a diverse mix, …

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DIS 2019: OBIE-Treuhänder states that the acceptance by business customers is “hundreds of thousands”.

The Open Banking Implementation Entity (OBIE) will be releasing official figures late this year showing the number of people who have enabled Open Banking features …

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Neobank Rebellion is the first fintech company to offer Spanish IBANs with a banking license

The Spanish Neobank Rebellion is the country’s first challenger to obtain a banking license and offer IBANs (International Bank Account Numbers) La Vanguardia. Fintech should …

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UK fintech Koyo is raising £ 3.8m to support the wiped out credit history

UK-based fintech start-up Koyo, which lends to people with younger or partially wiped loans, has raised £ 3.8m ($ 4.9m) in a mix of debt …

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Starling Bank introduces a debit card in two currencies with pounds and euros

British challenger Starling Bank is launching a dual currency card that allows private and business customers to spend money in pounds and euros with a …

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Nationwide invests in the British energy bill saver Switchd

UK building society Nationwide has invested in consumer champion Switchd, a fintech company that automatically switches people’s energy provider to get them to pay the …

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Uber is restarting credit card with Barclays, drivers getting real-time cash flow

Multinational ridesharing app Uber has launched its Uber Money line of financial products, which serves both consumers and busy drivers. The financial products serve both …

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The money transfer start-up InstaReM from Singapore is renamed Nium

Singapore-headquartered fintech company InstaReM, a digital cross-border money transfer platform, has been renamed Nium to become known worldwide as a free open money platform. Nium …

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Bank of America introduces a new mobile banking app with integrated loan applications

Bank of America released its new and updated mobile banking app with the AI-powered virtual finance assistant Erica to help its 29 million mobile customers …

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Spanish fintech PecunPay chooses IBM to implement the Red Hat platform

IBM was selected by Spanish fintech start-up PecunPay, a payment and electronic money exchange solution regulated by the Bank of Spain, to implement Red Hat’s …

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US challenger Current raises $ 20 million in Series B, surpassing half a million customers

Currently, the challenger bank “for modern life”, founded in New York, has raised 20 million US dollars in a series B financing round and has …

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The SME lender BlueVine starts the banking service with the Mastercard debit card

The business loan provider BlueVine, which offers fast financing of up to 5 million USD, has launched its own banking service for small and medium-sized …

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Temenos selected by Danish challenger Lunar to fight financial crime

Danish challenger bank Lunar has selected financial services software provider Temenos to tackle financial crime on their platform. Temenos offers watchlist screening and fraud prevention, …

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Irish credit unions are finally taking over banks with a new current account offering

Thirty of Ireland’s largest credit unions have announced that they will be introducing a new “full-service checking account”[s]“For their members, which creates a new competition …

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Natwest, Nationwide and RBS get banking apps from Google Play for Samsung S10 users

At least three top UK banks have accessed their mobile banking apps from the Google Play Store for Samsung S10 users because of concerns that …

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B-North aims to bring brokers back into the UK SME market

Fintech start-up B-North (also known as BankNorth) says it will bring the business intermediary relationship back to the UK’s small and medium-sized business (SMB) market. …

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Luge Capital is raising $ 85 million to invest in Canada’s startups

Venture capital fund Luge Capital has now raised a total of $ 85 million to invest in early-stage Canadian fintech and AI startups, it said …

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The U.S. fintech community was beaten by federal court because the charter was rejected

Judge Victor Marrero ruled that the Office of Currency Auditor (OCC) cannot issue bank deeds to institutions that do not make deposits. This is a …

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Goldman Sachs leads the $ 35 million Series B round in Very Good Security data storage

Very Good Security (VGS), a fintech firm that assumes liability for other companies to store sensitive data, raised $ 35 million in a Series B …

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