Archive for May 2023
Axway forms partnership with Envestnet to ‘realize the promise of Open Banking’
The partnership will allow consumers to access their financial data via a secure, common API.
Read MoreTotal UK fraud losses declined in 2022 but ‘risks remain elevated’
Official data from UK Finance revealed that more than £1.2bn was stolen through fraud, while 78% of APP fraud starts online.
Read MoreMastercard unveils Open Banking-powered digital account opening tool
‘Open Banking for Account Opening’ verifies a consumer’s account ownership and their identity in real-time.
Read MoreUS fintech Petal raises $35m, spins off B2B data arm Prism
The new funding has been led by Valar Ventures and includes strategic investments from Synchrony and Samsung Next.
Read MoreQ&A: League Data’s Carrie Forbes on the need for stronger data rights for Canadians
Carries Forbes, chief executive officer of League Data, explains what Canadian citizens stand to gain from Open Banking as she prepares to speak at Open Banking Expo Canada on June 15.
Read MoreGoodlord embeds Tink’s Open Banking technology to ‘modernise’ renting
Using Tink’s ‘Income Check’, Goodlord can access up-to-date income data direct from tenants’ bank accounts.
Read MoreLeeds Building Society incorporates Experian ‘Boost’ data to help ‘aspiring homeowners’
Experian’s Open Banking-powered service Boost factors regular payments, such as Netflix subscriptions, into credit scores.
Read MoreAmerican Express and BR-DGE form Open Banking payments partnership
American Express’ Charlotte Wise said that “collaboration within the payments ecosystem is vital in order to provide customers with the best possible experience”.
Read MoreInsight: Open Banking in Canada – the path forward
With the appointment of Abraham Tachjian as Canada’s Open Banking (OB) lead in March 2022, the CIO Strategy Council’s proposal on national standards, and the FDX technical standard’s growing influence in the market, Canada has been progressing in its journey towards a successful OB implementation. How will and should OB be different here than in other global implementations? What roles will ecosystem participants play in this new normal?
Read MoreThe Payments Association appoints new advisory board chair
Neil Harris, who served as deputy chair when Marion King was chair, has been appointed to succeed her, while Nathalie Oestmann is named vice chair.
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