OPEN BANKING

ALL OPEN BANKING NEWS

PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative

Eduard Panteleev: ANNA Money outperforms its colleagues Last year’s PayTech Awards winner for the best corporate payments initiative, ANNA, was busy attracting customers and adding …

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Why collaboration and partnerships will beat the fraudsters in open banking

It’s no surprise that one of the biggest concerns we hear from financial institutions across Europe about open banking is fraud and loss, especially given …

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Need a new digital strategy? Just Nimble it…

There’s no shortage of ambitious money chasing anything that might steal margin from banks or potentially be acquired by them, but Australia’s first generation fintechs …

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The June issue of Banking Technology is out now

Real-time payments and fraud The latest issue of our flagship magazine – Banking technology – is available now and features news, analysis and insight, case …

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Take advantage of the real benefits of sharing data

The exchange of data is nothing new, but the real benefits for financial institutions, fintechs and their customers are only just beginning. This is partly …

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Banks told how much of their data can be opened

Banks will be obliged to reveal consumer data about 27 deposit and lending products under planned open banking laws, but will not have to share …

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Chase Bank signs a mobile banking contract with Sensibill

Chase Bank has signed a partnership agreement with digital receipt management company Sensibill. Chase will roll out the Sensibill solution later in 2020 The bank …

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ANZ Bank predicts first look at open banking laws around June

ANZ Bank is expecting to see open banking legislation introduced to parliament around June of this year. Chief data officer Emma Gray told the bank’s …

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Open banking start-up truID raises funds to expand its customer base

The South African fintech start-up truID, which has developed open banking technology to make it easier for financial service providers to securely access consumer banking …

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Fintechs urge govt to ignore open banking distractions

FinTech Australia is calling on the government to stand up to banks when it comes to the planned introduction of open banking. Fintech companies, which …

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The Icelandic challenger bank indó chooses Enfuce

The Icelandic neobank Indó has commissioned the Finnish fintech Enfuce to underpin its payments, open banking and sustainability services. The six-person Indó team Before its …

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Open banking to be phased in from mid-2019

The federal government has announced that Australia’s open banking regime will be officially implemented from July 2019. Banks and other financial bodies will have to …

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What about fintech? Episode 7 | Open banking & saving

The latest episode of What about fintech? is brought to you from afar, with Victor Trokoudes, Co-Founder and CEO of Plum, a UK-based savings app. …

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Open banking security is still an open question

Australia’s major banks have been keen to sow the idea that customer data is imperiled once it leaves their grasp, as a reason why the …

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The Italian Neobank Illimity launches its open banking platform

illimity, a Milan-based neobank that emerged from the merger of Spaxs and Banca Interprovinciale, has switched on its open banking platform and welcomes its first …

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Bendigo and Adelaide Bank ready to tackle open banking

Bendigo and Adelaide Bank is expecting a smoother journey to open banking courtesy of foundational work over several years to digitise its operations. The bank …

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UK regulator is looking into Visa takeover of Plaid

The UK’s Competition and Markets Authority (CMA) has announced that it is investigating Visa’s $ 5.3 billion acquisition of Open Banking Fintech Plaid, which it …

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AMP Bank to tackle core revamp

Wealth manager and challenger bank AMP has confirmed mounting speculation it is looking to replace its nearly 20 year-old NTSB core transactional banking platform and …

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Mastercard is set to acquire Finicity for $ 825 million

Mastercard has agreed to buy Finicity, a financial data compilation startup, for $ 825 million. Finicity focuses on loan decision solutions If the performance targets …

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Laggard bank tech blasted by Treasurer, Productivity Commission

Treasurer Scott Morrison has taken a blowtorch to the slow pace of technology-driven reform in Australian banks, using the release of a blistering Productivity Commission …

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Railsbank signs with Hong Kong Fintech Statrys

The open banking and regtech platform Railsbank has signed Fintech Statrys based in Hong Kong. Nigel Verdon, Railsbank Statrys provides online business accounts, payments and …

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Suncorp’s Marketplace API platform unleashed in tilt at open banking

Banking and insurance retailer Suncorp has vowed to turn its recently launched $100 million digital marketplace platform into a spearhead to seize market advantage under …

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OBIE UK’s open bank launches the App Store

The Open Banking Implementation Entity (OBIE) has launched the “Open Banking App Store”. The UK’s Open Banking aims to make it easier for consumers and …

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Consumer Data Right rules mandate APIs, bend to bank laggards

The banking industry has secured a raft of concessions and carve outs in the first tranche of proposed rules governing the new Consumer Data Right …

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NatWest starts its no-card payment service Payit

NatWest has launched its new online payment service “Payit”. The service helps merchants collect e-commerce payments more easily by eliminating the need for a debit …

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ANZ digital chief Maile Carnegie frets over human obsolescence

The head of ANZ’s digital banking division, former local Google chief Maile Carnegie, has taken to YouTube to pour petrol on the robots vs humans …

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Resurs Bank’s new CEO prioritises open banking

Resurs Bank, a niche Swedish bank focusing on flexible payments and financing solutions, has partnered with Nordic API Gateway for open banking. Earlier this month, …

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Bud introduces an open banking solution for payments

Bud, the UK-based start-up, has launched an Open Banking Application Program Interface (API) for payments. The new solution offers an alternative to card payments and …

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Australia’s big four are welcoming the start of open banking

The four major Australian banks – ANZ, NAB, Westpac and Commonwealth Bank – have taken their first step in open banking. Private customers who have …

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Westpac CIO Curran warns ‘Big Tech’ is out of step

Westpac’s outgoing chief information officer, Dave Curran, has warned that so-called “Big Tech” vendors need to seriously lift their game to be considered true business …

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Sopra Banking Software uses the Tink data channel

Sopra Banking Software, the subsidiary of the Paris-based technology company Sopra Steria, has partnered with the Swedish open banking provider Tink. As part of the …

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ANZ CEO says robots can’t replace bankers

The chief executive of the ANZ Bank, Shayne Elliott has used his opening address to the SIBOS conference in Sydney to stress humans won’t be …

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Trio of fintechs sign up to Mastercard’s Open Banking Protect

Aion, DiPocket, and Modulr have signed up to Mastercard’s Open Banking Protect solution. Trio of fintechs sign up to Mastercard’s Open Banking Protect Protect is …

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Regional Australia Bank approves first Aussie open banking loan

Regional Australia Bank and financial data firm Basiq have approved the first loan provided in the country under open banking. Regional Australia Bank is one …

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Westpac’s Dave Curran warns of “trust gap” hovering over digital identity, open banking

Westpac technology chief Dave Curran has delivered a reality check to policymakers and the technology sector, cautioning crucial reforms including open banking and digital identity …

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Mutuals light a fire under Big Four banks on tech renewal

Australia’s wide spectrum of small and member owned banks have wasted no time in turning technologies like API’s, mobile and the new payments platform to …

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