Posts by Newsdesk

Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Switzerland-based Temenos will acquire Australia-based Avoka for $245 million, reports said, following Temenos’ acquisition for Australia’s Rubik Financial last…

iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays and HSBC banks under Open Banking. This expands the number of Open Banking connections offered by iwoca to three, including Lloyds Bank, and will enable more than 60 percent of the lender’s customers to take advantage of the Open Banking…

The below blog from OpenWrks explores the latest Open Banking API statistics from the month 22nd October- 22nd November 2018. A couple of months ago we made the conscious decision to put a pause on the release of our bank performance stats to give the participating banks time to iron out some issues and improve…

Turnkey Open Banking platform provider, Token.io Limited, today announces a partnership with Almoayed Technologies, the MENA region’s leading technology infrastructure development company, to accelerate open banking across the Arabian Peninsula. Ahead of the introduction of Open Banking regulations in Bahrain, also announced yesterday, Almoayed Technologies and Token have been working together to enable fast and…

LendingMetrics has announced the launch of its new Open Banking platform OpenBankVision (OBV), which will provide consumer bank account data free of charge to bridging and other finance providers. The platform will allow users to access 90 days of bank statements with no minimum or maximum cap on the number of requests. Finance companies using…

Business finance marketplace, Funding Options, has been announced as one of the winners of the second phase of Nesta’s ‘Open Up Challenge’ – one of only three companies to have won both stages of this challenge. The Open Up Challenge prize is part of a package of reforms from the Competition and Markets Authority designed…

Most large banks in Asia Pacific think providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programmes, and many expect it to help them achieve double-digit revenue growth, according to research from Accenture. According to the study, 90% of large banks in Asia Pacific plan to provide…

“NatWest and RBS have been shrinking,” said Adrian Smyth, head of payment innovation RBS, at an industry event in London last week. “As a bank we have historically, to be completely fair to us, seen people focus on getting the mandatory compliance aspect through, that’s not lead to a lot for the differentiation, the disruption,”…

Source: Accenture/Which-50   Most large banks said that providing Open Banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect open banking to help them achieve double-digit revenue growth, according to a global research report by Accenture. Open Banking enables financial services commercial customers to share…

The Open Banking Expo, which launched in London on 27 November, has been hailed a huge success by visitors, speakers and exhibitors alike. Attended by leading high street banks, challenger banks and fintech businesses, Open Banking Expo is the only event focussed on the customer journey and consumer adoption of Open Banking, as well as…