Archive for January 2019

Nordea is launching Instant Reporting, a new Open Banking solution that enables corporate customers to access their own accounts and integrate real-time data with their own systems and processes. It is the first offering from Nordea that moves beyond legal requirements in PSD2 and turns Open Banking into a commercially viable product. PSD2 (Payment Services…

Plaid, a US fintech that enables consumers to connect their bank accounts to other financial services providers through application programming interfaces (APIs), has acquired Quovo, a similar startup, per a blog post. Although financial details have not been disclosed, Plaid is said to be paying around $200 million for its biggest competitor, according to Bloomberg citing…

Specialist lender Bluestone Mortgages has launched a pilot phase of its open banking solution as part of its core underwriting process. Bluestone says it is the first specialist mortgage lender in the UK to incorporate Open Banking. The pilot will be rolled out to a select group of advisors on Bluestone’s panel with a national launch…

TrueLayer will now offer Deutsche Bank, Sparkassen, Commerzbank and other major German banks direct access to financial data following the first international move for the European API provider. Ahead of the one year anniversary of Open Banking, the company’s Data API will ensure that businesses can minimise cost and the time it takes to integrate…

IATA has launched a new payment system through which an instant direct payment can be made to airlines for flights, making the process safer and faster. IATA has announced the successful completion of the first ‘IATA Pay’ ticket purchase transaction in a live test environment. The transaction was conducted in partnership with ipagoo, a UK-based…

TransUnion (formerly Callcredit), the global risk and information solutions provider, has launched an Open Banking early adopter programme after receiving permission to operate as an Account Information Services Provider (AISP) from the Financial Conduct Authority (FCA).   Following extensive testing and consultation with a range of clients across a number of industry sectors, TransUnion Open…

Australia’s Customer Data Right (CDR) legislation is expected to pass in the first quarter of 2019 and from July 1 the big four banks will be required to publicly share product data about credit and debit cards, deposit accounts and transaction accounts. However, the banks now have until February 2020 to share the first tranche…