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Enfuce and Visa team up to issue prepaid cards to refugees in France

The pilot project, which also involves Finland’s Epassi and community-driven neobank Welcome.Place, aims to distribute the cards to 50,000 Ukrainian refugees arriving in the country.

Saudi Central Bank unveils Open Banking Lab

The Lab features a sandbox, as well as use cases, for banks and fintechs to develop and test their Open Banking services.

UK fintech Twig buys French teen banking challenger Vybe

The acquisition is Twig’s third as it aims to become the ‘go-to’ platform for Gen Z.

Turkey’s central bank conducts first Digital Lira payment transactions

In other central bank digital currency news, the Federal Reserve Bank of Boston’s joint research effort with the Massachusetts Institute of Technology (MIT) into a potential CBDC has come to an end.

Enterprises cite data security, API ‘sprawl’ and talent gap as main API strategy concerns

The findings from the Axway 2022 Open Everything Strategy Survey Report revealed organisations have upped their API budgets over the past couple of years.

Fintech Galaxy enters Egypt with acquisition of Underlie

The deal to buy Underlie, which builds Open Banking APIs, consolidates Fintech Galaxy’s expansion in the region.

Customers’ expectations of lenders have ‘never been higher’

Delivering a customer experience that is “better than the established brands” and is “friction free” will help lenders succeed, according to panellists from Experian, Allica Bank, Funding Xchange and Starling Bank, during an Open Banking Expo live debate on the future of lending.

JROC to deliver vision for UK Open Banking in Q1 2023

TrueLayer’s Jack Wilson said “the waiting continues”, as an update from HM Treasury, the CMA, PSR and FCA revealed the Strategic Working Group’s final report has been delayed until January.

Lenders encouraging customers to provide Open Banking data ‘early on’ in credit decisioning process

An Open Banking Expo live panel debate, in association with Equifax, heard from lenders about using Open Banking to lend to customers who would traditionally have been considered thin file or credit invisible.