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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.
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.
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.
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.
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.
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.
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.
New research from Pay with Bank Transfer, powered by American Express, shows security is a top priority for UK online shoppers.
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.
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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