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As a result of the initiative, which leverages Caspian One’s Open Data ecosystem, Prospera’s members will be able to verify their identity using their existing online banking credentials.
The Alloy 2025 State of Fraud Report revealed that 60% of FIs and fintechs reported an increase in fraud rates in 2024.
Embedded finance provider Andaria implemented Confirmation of Payee in the UK in 2024.
Through the partnership, users of SyFu will be able to turn “real-world” spending into digital assets.
Wio Bank called its direct integration with Xero “a new benchmark in financial connectivity in the UAE”.
Ninth Wave called its new Portal the “financial institution’s window into their Open Finance ecosystem”.
Through the new partnership, PayLaterr will be able to detect and prevent fraudulent activity in real time, as well as better understand the financial “habits” of users who may lack a traditional credit file.
eBay’s Seller Capital program, which has delivered over $100 million in working capital to sellers this year, will use Open Banking data to improve access to finance.
Wonderful Payments’ new enterprise division, Asima, will provider fintechs and merchants with Open Banking infrastructure.
Scotiabank is enhancing access to credit for newcomers to Canada by introducing digital onboarding that integrates Nova Credit into its credit card application process.