Open Finance Advisors’ report on the Australian Open Banking ecosystem found that banks are “slow” to become Accredited Data Recipients.
In an open letter, signed by lenders including Atom Bank, Funding Circle, Allica Bank, Plaid and Codat, they propose an SME Funding Passport.
Selecting Affirm at the travel search engine’s checkout allows travellers to ‘book now, pay over time’.
The Governor of SAMA, Fahad Almubarak, stated that local banks and payment companies “will always be a cornerstone of this project”.
The scale of the reform requires “significant changes” from some financial services firms, ahead of the 31 July implementation deadline.
The open ecosystem regtech provider has also appointed a MENA managing director to begin working with regional stakeholders.
The platform for SaaS sellers and services providers will use the proceeds from new and existing investors to grow its US-based office.
Five years on from PSD2, Open Banking is a “vibrant ecosystem”, but what needs to happen to ensure Open Finance is the end goal?
Marion King will succeed Charlotte Crosswell as chair and trustee of the UK’s Open Banking Implementation Entity.
Q&A: GFT Canada’s Mauricio Deutsch on why security and convenience are key to Open Banking’s success
Mauricio Deutsch, banking and capital markets leader at GFT Canada, reveals what Canadian banks have to gain from embracing Open Banking and partnering with fintechs.
