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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.
The Lab features a sandbox, as well as use cases, for banks and fintechs to develop and test their Open Banking services.
The acquisition is Twig’s third as it aims to become the ‘go-to’ platform for Gen Z.
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.
The findings from the Axway 2022 Open Everything Strategy Survey Report revealed organisations have upped their API budgets over the past couple of years.
The deal to buy Underlie, which builds Open Banking APIs, consolidates Fintech Galaxy’s expansion in the region.
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.
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.
The partnership with Mastercard’s Open Banking platform gives the bank’s customers a new way of repaying retail finance loans.
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.
