Yolt launches Open Banking API for businesses

Open Banking is set to becoming a “global phenomenon”, according to Yolt’s chief business officer, who announced the FinTech was launching its first API-management service to businesses across Europe. In an interview with FStech to mark the launch of Yolt for Business, Leon Muis said the product was now ready…

Starling confirms latest raise of £75m as it plots European expansion

Starling Bank has become the latest in a wave of British challenger banks to raise new funding from investors, with asset manager Merian Global Investors leading a £75m investment round. Starling said the money would be used to invest in new products and help it launch in the rest of…

Mastercard selects Token.io as a partner for its new Open Banking hub

Turnkey open banking platform provider, Token.io Limited, today announces it has been selected by Mastercard to power the connectivity layer of its open banking hub. The hub will connect merchants, retailers and other regulated third parties to financial institutions in Europe for data and payment transactions.   Further to the…

Colombia Fintech and Open Vector agree partnership to deliver Open Banking

Colombia Fintech and Open Vector have started 2019 by signing an MOU for the development of Open Banking in Colombia. This agreement seeks to exchange knowledge for the Fintech community in Colombia and thus take the first steps for the country to officially adopt Open Banking.   “Having this collaboration…

Lloyds Bank reveals new Open Banking feature

Lloyds Bank and Halifax customers can now see all their personal current accounts from different banks at their fingertips thanks to the latest mobile banking app feature. The new Open Banking functionality will enable customers to safely and securely see all of their current accounts in real-time within the mobile…

Tink announces €56 million investment round and goes live in five new European markets

Open Banking platform Tink has announced its completed a €56 million investment round, which is the company’s largest to date. Insight Venture Partners led the funding round. Also participating were existing investors Sunstone, SEB, Nordea Ventures and ABN AMRO Digital Impact Fund. They were joined by new investors Christian Clausen,…

AccountScore and The Insolvency Panel announce Open Banking solution

AccountScore, together with The Insolvency Panel, have announced the launch of the first ever Open Banking solution for the debt advice and debt solutions sector.   The service, going live in February, will use AccountScore’s Open Banking platform consents.online to instantly auto-populate consumers’ income and expenditure information, direct from their…

FreeAgent to offer accounting software feed through Open Banking

Innovative fintech company FreeAgent has become the first UK accounting software to offer direct bank feeds via the Open Banking platform – giving customers even greater security and visibility over their business finances. The firm, who make award-winning cloud accounting software for small businesses, freelancers and accountants, has unveiled new…

Six business trends in banking for 2019

Opinion by; James Buckley, VP and Europe Director, Infosys Finacle The last few years have seen several non-banking companies such as technology majors, digital upstarts and FinTechs steadily expand their foothold in the financial services space. A 1recent study revealed that FinTechs now constitute about 33% of the financial services revenue…

HSBC & Goldman back U.K. Open Banking startup Bud

HSBC Holdings PLC and Goldman Sachs Group Inc. are among the investors in a $20 million funding round for U.K. banking-technology startup Bud. Bud said on Monday that it will use the money to create the world’s largest team dedicated to the development of Open Banking technology, connecting customers’ bank…