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UK-based Cobalt is United Fintech’s fifth acquisition since 2020.
The specialist lender has become the first UK bank to do so, following Hinckley & Rugby Building Society in September, with more lenders and conveyancers to transact remortgage cases using PEXA’s platform next year.
Abhishek Sinha, partner at EY Canada, talked about “the Great Convergence” as he moderated the last Open Banking Expo Canadian meetup of 2022.
Temenos signs agreement with NdcTech to bring ‘Country Bank Model’ to seven Middle Eastern countries
NdcTech will develop regulatory and business-specific localised functionality to enhance the ‘Model Banks’ framework for banks of all sizes in Bahrain, Kuwait, Oman, Pakistan, Qatar, Saudi Arabia and UAE.
Through the partnership, merchants will be able to connect with their customers’ banks via Plaid and initiate a payment through Open Banking rails.
The closed loop direct account-to-account ‘pay by bank’ solution will be offered to JJ Foodservice customers at the online checkout.
Research by Tink revealed retailers are worried about how their business will survive the next 12 months and are prioritising reducing payments-related costs.
The financial super-app said the deal will enable it to scale its lending business, Curve Flex.
Token’s Robert Sullivan on why there is a fundamental tension between the PSR’s ambitions for A2A retail payments and its latest proposals to address APP scams.
Together, the companies will provide an integrated payments solution that can streamline Automated Clearing House payments for US customers.
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