Industry news
Post-completion of the acquisition, the combined group is expected to become one of the largest FinTech enablers in Open Banking and Prepaid globally.
The partnership will see the integration embed payments directly into the payroll process and software.
Over time, this will give 20-30 percent of Danish banking customers the ability to see and pay with accounts from other banks as well as getting a full overview of their finances across several banks.
Central Bank Digital Currencies for Beginners – A Quick Guide into CBDCs from our media partner, The Paypers.
Underwriting times for the applicant’s financial history review have been reduced to just 5 minutes; Open Banking conversion rates are up 26 percentage points.
Version 3.1.8 of the OBIE Standard introduces major new functionality, specifically Variable Recurring Payments (VRPs).
One in 10 consumers have changed their current account since March 2020 with nearly a third (32%) of these switching from a traditional bank to an online-only one.
Embedded finance provider HUBUC partners with Currencycloud to allow customers to access foreign exchange and cross-border payments capabilities.
Oliver Prill believes slow uptake of Open Banking has meant missed opportunities for both customers and companies.
Santander Consumer Bank, have chosen Nordic API Gateway to power their new multi-banking personal finance management app.
