News
Tink unveils ‘Balance Check’ feature powered by Open Banking
The new feature will enable business customers to verify how much a user has in their bank account in seconds to reduce instances of payment failures, which drive up the cost of direct debit transactions.
Read MoreSalt Edge brings Open Banking services to Saudi Arabia
The company has entered the Kingdom of Saudi Arabia on the basis it is embracing Open Banking “at a higher pace than other regions”.
Read MoreInsight: How can we make Open Banking better?
Lena Hackeloer, CEO of Brite Payments, on why tackling a lack of standardisation across banking APIs will unlock Open Banking’s full potential.
Read MoreIceland’s Síminn Pay partners with Enfuce to launch app-based credit card
The fintech subsidiary of Iceland’s largest telco provider Síminn is the first non-financial institution in the country to issue its own credit card.
Read MoreUS Treasury says regulators need to “robustly supervise” bank-fintech relationships
The Treasury makes the recommendation in a new report, ‘Assessing Impacts of New Entrant Non-bank Firms on Competition in Consumer Finance Markets’.
Read MoreEx-TrueLayer ANZ CEO Brenton Charnley launches Open Finance Advisors
The new firm will help businesses “get ready” for the Consumer Data Right and develop their Open Banking strategy.
Read MoreCheckout.com launches in Israel with Tel Aviv-based R&D hub
Chief product officer Meron Colbeci will establish the hub, and will be joined alongside a newly-appointed team of senior leaders.
Read MoreThe Paypers releases ‘Enablers of Open Banking, Open Finance, and Open Data Report 2022’
The latest edition features interviews with Canada’s Open Banking lead Abraham Tichjian and the UK’s OBIE chair and trustee Charlotte Crosswell.
Read MoreQ&A: Citizen’s Kate Marsden says Open Banking helps cut transaction costs for charities to less than 1%
With Open Banking the transaction cost number drops from 8% to less than 1% of the payment processed.
Read MoreNew Zealand Government says CDR framework will apply to banks first
The banking sector is “a natural starting point” for rolling out consumer data rights, according to the Minister of Commerce and Consumer Affairs.
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