Industry news
The business banking fintech secured the investment, which was led by Spark Capital, in the week leading up to its launch last month.
Tide will use Open Banking to make Cashflow Insights available to non-Tide members in the coming months.
Compared to traditional verification methods which can take days, TrueLayer said the new approach speeds up the onboarding process and reduces errors.
The partnership with MapleMark Bank uses Raisin’s savings-as-a-service technology to make live fully-digital, customisable CD products.
Standard Chartered has appointed Roel Louwhoff ahead of the retirement of group CIO Michael Gorriz later this year.
The shortlist for the Open Banking Expo Awards, taking place on 15 July, has been announced.
The Series B round raised $44.3 million and was supported by new and existing investors in the digital lending platform.
EQT Ventures led the fundraising, in which existing investors Augmentum Fintech and Fuel Ventures also participated.
Through the partnership Tink and Munich-based Novalnet AG will launch an Open Banking-enabled payments solution in the UK and Germany initially.
A new report by Mastercard has concluded that the digital infrastructure of Norway, Denmark, Sweden and the UK means they are well placed for Open Banking compared to the rest of Europe.
