Basiq’s founder said that the partnership will ‘help realise Open Banking’s potential outside of retail banking’.
The integration will facilitate instant account authentication and payments directly through SVB and Plaid.
Three quarters of transactions are now contactless across Germany, Austria and Switzerland, helping the region catch up with the Nordics.
The lending facility from Davidson Kempner Capital Management includes a minority equity investment.
Open Banking Expo’s Ellie Duncan spoke to VibePay CEO Luke Massie about the need to add value to the payments experience, and why he is on a mission to remove the middleman.
The new UK service will help those individuals without access to a bank account to receive payments through i-movo’s secure digital voucher technology.
Through the partnership, the debt management platform uses Open Banking insights to create more manageable repayment plans for those in debt.
Managing director of its UK business Lisa Jacobs has been named the new CEO of Funding Circle, and will take over from 1 January 2022, as Desai moves to a new role on the board.
By integrating TrueLayer’s Open-Banking powered PayDirect platform, the online car retailer can also improve the refunds experience.
Senior executives and leaders from across Open Banking and Open Finance will be able to gather in London for this year’s event, along with headline partner Token and more than 80 speakers from across the industry.