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Latest news

Crypto investing platform closes $4.5m crowdfund

Change said that 50 private investors took part and that it will use the funding to expand into other markets in Europe and Asia.

Insight: Transforming access to SME finance

Chirag Shah, CEO of Nucleus Commercial Finance, writes about the potential for Open Banking to change the way SMEs access finance.

US fintechs, banks cite data security as biggest Open Banking challenge

A new study by Envestnet Yodlee found that 66% of financial services providers plan to launch Open Banking initiatives within the next 18 months, and phase out screen scraping.

BIS opens Innovation Hub in London

It is the fourth Innovation Hub Centre opened in the past two years, with plans to launch centres elsewhere in Europe and in Canada.

Klarna

Klarna valued at $45.6bn after latest fundraise

The BNPL fintech has secured $639 million in equity funding, with SoftBank’s Vision Fund 2 leading the financing round.

Konsentus Verify checks UK-RTS compliant certificates

UK-regulated TPPs must complete their migration from OBIE legacy certificates to UK-RTS compliant certificates by 30 June 2021.

Enfuce brings carbon product to UK with Bud

The partnership deal between Bud and payments firm Enfuce will create a personalised carbon footprint for UK customers.

Open Banking Expo Canada launches quarterly meetups

The first virtual meetup, in partnership with EY Canada, will take place on 24 June, bringing together the Open Banking community in Canada.

LemonEdge secures $2.5m in funding

US venture firm Sidekick Partners led the fundraising, with participation from Tikhon Bernstam and Lauren Iaslovits.

Prometeo unveils Payment API for LatAm

The largest Open Banking API platform in Latin America has launched a new solution that will allow digital money transfers and automated payments between financial institutions.