ClearBank lands £60m to improve SME banking

ClearBank has been awarded a £60m grant by the RBS Alternative Remedies package to improve business banking for small and medium-sized enterprises (SMEs). The grant is part of a £775m package backed by the UK Government and overseen by Banking Competition Remedies, the organisation established to stimulate competition in the…

KHCB adopts Token.io to enable its Open Banking services

KHCB adopts Token.io to enable its Open Banking services

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, recently announced that it has partnered with Token.io as part of the bank’s preparations to provide open banking services to its clients in compliance with the new regulatory requirements. Token is represented by Tarabut Gateway, a subsidiary of…

Klarna launches Open Banking platform

Industry news: Klarna launches Open Banking platform

Source: Klarna press release Today, Klarna, one of Europe’s leading payment providers, announced the launch of its own Open Banking Platform. This platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna’s XS2A API…

Ant Financial unveils banking platform

Industry news: Ant Financial unveils banking platform

Ant Financial Services Group and Hoperun Information Technology have created a Distributed Core Banking Platform (DCBP), to help financial institutions shift their business models from transaction to customer-focus. The China-based organisations said the DCBP is a “next generation banking product” that aims to help financial institutions tackle digital challenges, including…

Token.io and Konsentus launch fast PSD2 compliance solution

Token.io and Konsentus launch fast PSD2 compliance solution

Open Banking Third Party Provider (TPP) Identity & Regulatory checking specialist, Konsentus, and turnkey Open Banking platform provider, Token.io, today announce a strategic partnership to provide European financial institutions (FIs) with a fast and powerful combined solution for PSD2 compliance. With PSD2’s Regulatory Technical Standards (RTS) deadline passed, European FIs…

Circuit brings Open Banking to the audit profession

Irish firm Circuit brings Open Banking to the audit profession

Circit has announced it has been granted registration as an Account Information Service Provider (“AISP”) by the Central Bank of Ireland (“CBI”). Regulation by CBI paves the way for Circit to connect auditors with independent sources of audit evidence held by the banks of their client companies. Circit was founded in…

Tandem Bank partners with Token

Turnkey open banking platform provider, Token.io Limited, today announces that its technology is enabling digital challenger bank Tandem to achieve PSD2 compliance and leverage Open Banking opportunities. Tandem is a digital-only bank that provides a money management app, credit cards and fixed-rate savings accounts to more than 500,000 consumers across…

Boost Capital looks to Open Banking

Boost Capital looks to Open Banking to power small business finance

Boost Capital, a leading provider of small business financing, today announced the launch of Open Banking capabilities as part of the company’s efforts to accelerate the funding process and improve the customer experience for small and medium-sized enterprises (SMEs) applying for financing. Open Banking enables businesses to share their financial…

Sbanken chooses Nets to support Open Banking

Norwegian bank Sbanken has selected Nets to support open banking with Nets Access to Account Services (NAAS) – a single platform that enables access to banks across the Nordics and Europe. The revised Payment Services Directive (PSD2) will facilitate new services and better overviews of finances for bank customers. Nets’…

Industry news: Prolifics launches API stress testing suite

Bespoke systems integrator, Prolifics Inc announces its new “OB Test Suite”, a testing solution dedicated to Open Banking and PSD2. The OB Test Suite aims to ensure that Account Servicing Payment Service Providers (ASPSP) are compliant with the Open Banking Implementation Entity’s (OBIE) stringent tests around the newly launched legislation;…

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