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Industry news

Canadian government publishes Consumer-Driven Banking Framework

The Department of Finance’s ‘Complete Framework for Consumer-Driven Banking’ has been published as part of the 2024 Fall Economic Statement.

Trustly builds presence in fitness & wellness industry with new partnership

Open Banking payments provider Trustly has partnered with Sweden-based BRP Systems, which provides enterprise software and digital services for the fitness and wellness market in the Nordics. BRP serves more than 2,500 facilities and supports in excess of 3.5 million end users, and will integrate Trustly’s payment solutions into its…

City council implements PayPoint’s ‘OpenPay’ to distribute funds

Coventry City Council joins Sheffield and Middlesbrough Councils which are already using PayPoint Open Banking technology.

Modulr wins contract to provide CoP services to HMRC

HMRC used the Crown Commercial Service Open Banking Dynamic Purchasing System to award the contract to Modulr.

Abu Dhabi Islamic Bank partners with Lean Technologies to advance ‘financial innovation’

Lean Technologies and ADIB Ventures, an initiative of Abu Dhabi Islamic Bank, made the announcement along with Hub71, Abu Dhabi’s global tech ecosystem, at Abu Dhabi Finance Week 2024.

GoCardless brings bank payments to enterprise businesses with Endava collaboration

Tom Metcalfe, director, UK&I partnerships at GoCardless, said it will enable GoCardless to reach larger organisations and their suppliers “at scale”.

Swedish spend management platform Mynt raises €22m in Series B funding

Mynt has plans to expand into the UK and Central Europe, given that the global spend management software market is valued at $21 billion.

Capitalise integrates Plaid’s Open Banking technology to accelerate SME funding

The collaboration between Capitalise and Plaid will simplify business funding by offering pre-approvals via Open Banking.

Ordo collaborates to pilot Open Banking payment platform

Ordo has teamed up with Eviden, which specialises in cloud, big data and security, and blockchain company ByzGen, to provide flexible payments for businesses and consumers.

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