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The credit risk fintech will use the funding from Ingka Investments to launch more predictive models built using Open Banking data and expand into new markets.
Nordigen co-founder and CEO Rolands Mesters has been appointed to lead the new bank account data group ahead of Open Banking data offering launch.
How has the Saudi Central Bank implemented Open Banking and what progress can be expected in the country this year?
By partnering, beauty and health service providers in Sweden will be able to receive instant payment for their services.
Of the 7 million consumers and SMEs recorded, Open Banking Limited reported that 1.2 million used Open Banking for the first time.
The payment platform has plans to expand its footprint in the UK.
European businesses will be able to use Open Banking to connect their bank accounts to the Fintellect app.
The publication of the Open Banking SWG’s report to JROC also revealed need for industry to work together to “unlock” potential of VRPs.
By teaming up, they aim to help companies in the German market with secure integrations to bank channels across Europe.
The acquisition, which is due to complete in the next few months, is Zopa’s first and will help it “bring to life BNPL 2.0”.
