News
Commercial Bank of Dubai sets milestone with Open Finance activation
Commercial Bank of Dubai has become the first bank in the UAE to fully activate Open Finance in live operational use under the Central Bank of the UAE’s AlTareq initiative.
Read MoreFlutterwave acquires Open Banking firm Mono to boost payments infrastructure
Flutterwave has acquired Mono, an Open Banking infrastructure “pioneer” in Africa, as it seeks to build a connected financial ecosystem and advance alternative payment innovation across the region.
Read MoreSmart Data Group appoints Dr Ruth Wandhöfer as mobilisation lead
Dr Wandhöfer, who has more than 20 years’ experience across global banking, payments, regulation, governance and cybersecurity, will support industry-led engagement on the proposed Open Banking Future Entity.
Read MoreEquals Money | Railsr partners with Okta to secure AI-driven payments
Equals Money | Railsr has announced a partnership with Okta to strengthen security, visibility and governance across its fintech and payments operations as AI adoption accelerates.
Read MoreUK Open Banking payments ecosystem: New cVRP scheme is ‘welcome step’
The UK Payments Initiative is being established as a new entity by the end of 2025, while the first payment will follow in Q1 2026.
Read MoreInterchecks and Mastercard partner to advance A2A payments through Open Finance
Interchecks and Mastercard have announced a strategic partnership to streamline account-to-account payments, combining Pay by Bank with Open Finance capabilities to deliver a trusted, scalable solution across industries.
Read MoreToken.io CPO Charles Damen elected to UK Payments Initiative board
Token.io announced that chief product officer Charles Damen has been elected to the board of the UK Payments Initiative (UKPI), an FCA-backed, industry-led body advancing Variable Recurring Payments and Open Banking adoption in the UK.
Read MoreAmerican Express: Enhanced security is ‘incentive’ to use Open Banking payments
New research from Pay with Bank Transfer, powered by American Express, shows security is a top priority for UK online shoppers.
Read MoreFCA announces commercial VRP scheme to get underway in 2025
The UK Payments Initiative is formed by 31 firms to enable variable recurring payments and will be set up before the end of this year.
Read MoreTrueLayer COO Rob Kerrigan elected to UK Payments Initiative board
TrueLayer’s chief operating officer Rob Kerrigan has joined the board of the UK Payments Initiative. The UKPI will roll out Variable Recurring Payments to support Pay by Bank adoption, with the first live payments expected early next year.
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