News
Trustly closes acquisition of Ecospend
The deal gives Trustly a foothold in the UK, which is the “largest digital payments market in Europe”, according to Ecospend’s CCO.
Read MorePlaid writes to CFPB with recommendations for consumer data access right
The Consumer Financial Protection Bureau invited stakeholder input last year, as it seeks to strengthen consumers’ access to their financial data.
Read MoreOpen Banking in Australia hampered by ‘data reliability’ and implementation issues
Open Finance Advisors’ report on the Australian Open Banking ecosystem found that banks are “slow” to become Accredited Data Recipients.
Read MoreUK lenders call on government to support better data sharing to help SMEs access funding
In an open letter, signed by lenders including Atom Bank, Funding Circle, Allica Bank, Plaid and Codat, they propose an SME Funding Passport.
Read MoreAffirm partners with KAYAK to give holidaymakers ‘pay over time’ payment options
Selecting Affirm at the travel search engine’s checkout allows travellers to ‘book now, pay over time’.
Read MoreSaudi Central Bank teams up with fintechs and banks on wholesale CBDC project
The Governor of SAMA, Fahad Almubarak, stated that local banks and payment companies “will always be a cornerstone of this project”.
Read MoreFCA: Some UK firms ‘behind’ in plans to comply with Consumer Duty
The scale of the reform requires “significant changes” from some financial services firms, ahead of the 31 July implementation deadline.
Read MoreKonsentus enters MENA citing ‘wealth of opportunities’ for its services
The open ecosystem regtech provider has also appointed a MENA managing director to begin working with regional stakeholders.
Read MoreB2B BNPL platform Tranch secures $100m in funding round
The platform for SaaS sellers and services providers will use the proceeds from new and existing investors to grow its US-based office.
Read MoreFeature: Open Banking in the UK – an ‘unfinished experiment’
Five years on from PSD2, Open Banking is a “vibrant ecosystem”, but what needs to happen to ensure Open Finance is the end goal?
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