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Payments company Cashflows has partnered with fumopay to enable it to offer card processing services alongside Open Banking payments.
The new wallet will give borrowers more flexible repayment options, using variable recurring payments.
Initial data from the ‘VantageScore 4Plus’ pilot program, launched in partnership with Credit Builders Alliance, shows that thin or inactive credit files benefit from the addition of Open Banking data.
MoneyGram customers will benefit from Plaid’s instant account verification.
Belvo will use the new funding to expand its product range and to scale its AI capabilities, as part of its “mission” to democratise access to financial services in Latin America.
The new partnership will further housing access for newcomers to the US, by giving property managers access to global credit insights.
As a result of the new partnership, businesses across industries will get streamlined access to Open Banking infrastructure.
Shaun Puckrin will lead the product teams in his new role at GoCardless.
The launch follows the recent Section 1033 rulemaking under the Dodd-Frank Act, which grants consumers the right to access and share their financial data.