Industry news

Innovate Finance forms group to promote UK fintech overseas

The International FinTech Group will be co-chaired by Innovate Finance and the Department for International Trade.

Canadian Government appoints Open Banking lead

PwC Canada’s Abraham Tachjian has been named as the Open Banking lead responsible for implementing the Advisory Committee’s recommendations.

Mambu: Consumers need to be told their data is ‘protected’ by Open Banking

Mambu’s Scott Wilson and Salt Edge’s Alina Beleuta joined Open Banking Expo TV to discuss how banks and fintechs can inform consumers about the benefits of Open Banking.

Avarda picks Aiia to improve digital payment experience

Avarda chose Aiia, a Mastercard company, to enable open banking payments for a wide range of retailers and merchants.

ClearBank raises £175m to accelerate global growth

ClearBank today announced a £175m equity investment led by Apax Digital, the growth equity arm of a leading global private equity advisory firm Apax.

Insight: Three trends driving change in payments

Finastra’s Axel Zingsem explains why instant payments, CBDCs and digital identity are set to be catalysts for change in Open Banking payments this year.

Token chosen by ShoppingOS as Open Banking tech partner

Teamed up to enable ecommerce businesses to offer Open Banking payments with no-code integration.

Bank of Canada and MIT collaborate on CBDC research project

The central bank will work with the MIT Media Lab’s Digital Currency Initiative to explore a potential CBDC.

Anglian Water teams up with Ecospend to offer ‘Pay by Bank’

The new partnership will enable Anglian Water to process customer payments using Open Banking technology.

EY Canada: FIs need to ’embrace the shift’ to hyper-personalization

Abhishek Sinha, EY Canada partner, on how FIs can capitalize on retail and SMB clients’ willingness to share data to maximise their Open Banking “potential”.