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Speakers from Mastercard, Avato, Raidiam, FDX and TD Bank discussed a single regulated standard versus market-driven standards at Open Banking Expo Canada.
New research by Sonovate found that 40% of businesses agreed it is easier to access finance from a fintech lender rather than mainstream banks.
Huw Davies of Ozone API also reveals his pride at Ozone API’s work in Saudi Arabia and why the UK needs to play catch-up.
This year, 66 companies have been shortlisted, representing the best of Open Banking, Open Finance and Open Payments.
The research by FIS also revealed differing levels of investment in generative AI among UK versus US financial services firms.
Paymentology and Mastercard aim to enable consumers and small businesses in El Salvador, Guatemala and Honduras to “gain access to innovative, safe, and convenient financial solutions”.
Incoming chief executive officer Chriss, who succeeds Dan Schulman, led Intuit’s $12 billion acquisition of Mailchimp.
The central bank’s payment and clearing systems were both hit by a “technical issue” on 14 August.
Open Finance Network Canada has called for the September 2023 Open Banking report to establish “a definitive deadline for implementation and a roadmap” to Open Finance.
Mubadala and BlackRock have backed the mobility fintech, which provides vehicle financing.
