Latest news
New research by Credit Kudos revealed that 47% of all lenders surveyed believe that Open Banking could help save time and cut the cost of credit decisioning in the future.
The new product will enable users to make instant withdrawals and refunds and aims to ‘drive adoption’ of Open Banking payments.
The ‘time critical’ CEO role has been created following a recent independent investigation into governance of the OBIE, with the new chief executive expected to work with the trustee, executive committee and board.
Jeff Brown, Equifax’s senior director, small and medium business, moderated a panel at Open Banking Expo Canada in November, saying that ‘when it comes to providing financing and credit solutions to small businesses, the industry is still light years away from where it should be’.
The latest funding round raised €235 million for the SaaS banking platform and will see EQT Growth’s advisory team join Mambu’s board of directors.
Project Jura is a a public-private collaboration led by Banque de France, Swiss National Bank and the BIS Innovation Hub, as well as a group of private sector firms comprising Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS.
The Australian bank said that upon completion of the deal next month, the technology behind the MoneyBrilliant app will be integrated into its digital banking app.
De Nederlandsche Bank has issued Yolt with a license to enable it to expand across Europe, independently of its parent company ING.
It comes after the two companies announced a strategic partnership to develop joint Open Finance solutions in Latin America.
Enfuce, the leading European Card-as-a-Service (CaaS) platform for modern card issuing and processing, has announced a successful €45 million Series C investment round led by international growth investor Vitruvian Partners.
