Latest news
Volante Technologies Inc., a global provider of software for accelerated end-to-end payments processing and financial message integration, today announced that Bank Leumi (UK) has selected VolPay Open Banking to implement PSD2 compliance and enable open banking business models. Bank Leumi (UK) is a specialist and relationship bank based in the…
Nordea is launching Instant Reporting, a new Open Banking solution that enables corporate customers to access their own accounts and integrate real-time data with their own systems and processes. It is the first offering from Nordea that moves beyond legal requirements in PSD2 and turns Open Banking into a commercially…
Plaid, a US fintech that enables consumers to connect their bank accounts to other financial services providers through application programming interfaces (APIs), has acquired Quovo, a similar startup, per a blog post. Although financial details have not been disclosed, Plaid is said to be paying around $200 million for its…
Specialist lender Bluestone Mortgages has launched a pilot phase of its open banking solution as part of its core underwriting process. Bluestone says it is the first specialist mortgage lender in the UK to incorporate Open Banking. The pilot will be rolled out to a select group of advisors on Bluestone’s…
TrueLayer will now offer Deutsche Bank, Sparkassen, Commerzbank and other major German banks direct access to financial data following the first international move for the European API provider. Ahead of the one year anniversary of Open Banking, the company’s Data API will ensure that businesses can minimise cost and the…
IATA has launched a new payment system through which an instant direct payment can be made to airlines for flights, making the process safer and faster. IATA has announced the successful completion of the first ‘IATA Pay’ ticket purchase transaction in a live test environment. The transaction was conducted in…
TransUnion (formerly Callcredit), the global risk and information solutions provider, has launched an Open Banking early adopter programme after receiving permission to operate as an Account Information Services Provider (AISP) from the Financial Conduct Authority (FCA). Following extensive testing and consultation with a range of clients across a number…
Australia’s Customer Data Right (CDR) legislation is expected to pass in the first quarter of 2019 and from July 1 the big four banks will be required to publicly share product data about credit and debit cards, deposit accounts and transaction accounts. However, the banks now have until February 2020…
Open Banking, bank APIs and data sharing flourished in 2018, with small business and corporate financial services squarely in the path of this financial services trend as banks and FinTechs consider new ways to enhance business payments, accounting, treasury and financial management. The strength of open banking is apparent in…
Neobank Volt has gone live in record time, with Temenos digital banking platform in its bid to acquire a full ADI licence. Volt Bank has gone live with a full suite of Temenos products to enable the bank to accelerate the deployment of banking products and tools to help consumers.…
