Industry news
Shortlisted entries span categories such as Best Industry Partnership, Best Use of Data and Best Open Banking Payments Project.
In July, Open Banking services were used a record 2.04 billion times, up 3.5% from June.
Nova Credit’s ‘Cash Atlas’ solution analyses consumers’ income and spending patterns to reveal actual repayment ability.
US-based Atomic will use the funding to scale its investing platform across banks, insurers, fintechs, and consumer brands.
Liberis has formed a new partnership with Elavon to launch Quick Capital, a funding solution for small businesses in the US.
Yonder has selected tell.money as its Open Banking partner to ensure full compliance with the EU’s PSD2 regulations.
Most industry participants are optimistic about the future, according to Frollo’s The State of Open Banking 2025 report.
Businesses will be able to brand the prepaid cards and reload them instantly via Zum Rails’ existing payment infrastructure.
As a result of the initiative, which leverages Caspian One’s Open Data ecosystem, Prospera’s members will be able to verify their identity using their existing online banking credentials.
The Alloy 2025 State of Fraud Report revealed that 60% of FIs and fintechs reported an increase in fraud rates in 2024.
