Big ambitions

Through lending and payments, the world’s technology giants have already taken a piece of the financial sector. But so far, they’ve stopped short of becoming fully-fledged banks. What’s holding them back, asks Joe McGrath. In Open Banking circles, the prospect of Google, Amazon, Facebook and Apple (GAFA) entering the mainstream…

Fouad Husseini

Industry Insight: Fouad Husseini Founder, Open Insurance Initiative

The quickly-rising number of conferences, InsurTech (insurance technology) hubs, podcasts and online InsurTech magazines across the globe is indicative of an industry that is looking to reshape its image, products, and customer experience.

One in ten European banks to fall away?

A.T. Kearney is predicting the demise of one in ten European banks over the next five years as more agile digital challengers embrace the changes wrought by Open Banking to increase their market reach.

Konsentus and Neonomics in strategic partnership

Konsentus, a RegTech company that delivers SaaS solutions to Financial Institutions to enable them to be PSD2 Open Banking compliant have announced a new strategic relationship with Neonomics.

First past the post for Khaleeji Commercial Bank

Khaleeji Commercial Bank has become the first bank in Bahrain to be fully compliant with the Central Bank of Bahrain’s Open Banking directives.

Industry Insight: Yvonne Dunn, Pinsent Masons

Open Banking is ushering in a brave new world, with many possibilities as to how it could develop. Already parts of the industry are expanding the discussion from Open Banking to Open Finance – looking beyond banking to additional applications.

National Bank of Bahrain enhances Open Banking services

Bahrain’s national bank partners with Tarabut Gateway, Bahrain’s first licensed open banking systems provider, to enable customers to access new digital services and aggregate all their accounts from different banks

Toronto FinTech Koho Financial raises $42million to fund growth plans

Koho Financial Inc., the Toronto-based company behind a mobile-banking service that has helped more than 120,000 Canadians track their spending, has raised $42-million in growth capital.

The ID Co. secures seed funding for international growth

Investors in start-up fintech include Amadeus Capital Partners and SixThirty.

Shawbrook taps into marketplace banking with Monzo

Shawbrook Bank has announced it is now live with Monzo offering up its savings products to Monzo customers.