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Three in four global banks intend to connect with an average of three fintechs in the next 12 to 18 months, research by Finastra found.
Some of Airwallex’s key offerings, such as local currency accounts in more than 12 currencies, will initially be available to Canadian businesses.
Jim Gillespie of Dragonfly Financial Technologies explains how ‘headless banking’ can help create a level playing field for banks and fintechs.
Frollo’s chief executive officer said that “Open Banking is the key to providing customers with a comprehensive view of their finances”.
Lord Holmes, an advocate of technology and social mobility, will advise Ecospend as Open Banking payments use cases grow.
The new payment transfer offering means companies can send funds “within minutes”, without the need for capture and store account details.
The Hollywood actor and investor said “it’s about time a Canadian company got the type of attention American tech companies do”.
Token and GoCardless CEOs also welcomed the prioritisation of non-sweeping variable recurring payments by JROC.