Industry news
Ninth Wave called its new Portal the “financial institution’s window into their Open Finance ecosystem”.
Through the new partnership, PayLaterr will be able to detect and prevent fraudulent activity in real time, as well as better understand the financial “habits” of users who may lack a traditional credit file.
eBay’s Seller Capital program, which has delivered over $100 million in working capital to sellers this year, will use Open Banking data to improve access to finance.
Wonderful Payments’ new enterprise division, Asima, will provider fintechs and merchants with Open Banking infrastructure.
Scotiabank is enhancing access to credit for newcomers to Canada by introducing digital onboarding that integrates Nova Credit into its credit card application process.
Yaspa is set to open a new tech hub in Leeds and has plans to build an initial team of 10 senior software engineers in the next few weeks help its global growth into new markets, in particular the US.
Together, Payit by NatWest and Prommt aim to change how businesses collect payments, making the process faster, more secure and more cost effective.
OpenSME, a national advocacy campaign, has been launched to ensure SMEs are represented in Canada’s forthcoming Open Banking framework.
Inverite Insights, an AI-powered real-time financial data provider, has partnered with Usolve Financial, an Ontario-based alternative lender which offers online and in-store payday, personal, and auto equity loans.
Togglit’s self-service customer portal has been “enhanced” by AperiData’s real-time data insights to enable more informed affordability assessments for individuals.
