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Joan Migioia, internationalisation manager at Zimpler, called SEPA payout “a highly sought-after solution” for businesses operating in Europe.
The partnership will allow consumers to access their financial data via a secure, common API.
Official data from UK Finance revealed that more than £1.2bn was stolen through fraud, while 78% of APP fraud starts online.
‘Open Banking for Account Opening’ verifies a consumer’s account ownership and their identity in real-time.
The new funding has been led by Valar Ventures and includes strategic investments from Synchrony and Samsung Next.
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.
Using Tink’s ‘Income Check’, Goodlord can access up-to-date income data direct from tenants’ bank accounts.
Experian’s Open Banking-powered service Boost factors regular payments, such as Netflix subscriptions, into credit scores.
American Express’ Charlotte Wise said that “collaboration within the payments ecosystem is vital in order to provide customers with the best possible experience”.
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?
