Industry news
Circit has announced it has been granted registration as an Account Information Service Provider (“AISP”) by the Central Bank of Ireland (“CBI”). Regulation by CBI paves the way for Circit to connect auditors with independent sources of audit evidence held by the banks of their client companies. Circit was founded in…
Turnkey open banking platform provider, Token.io Limited, today announces that its technology is enabling digital challenger bank Tandem to achieve PSD2 compliance and leverage Open Banking opportunities. Tandem is a digital-only bank that provides a money management app, credit cards and fixed-rate savings accounts to more than 500,000 consumers across…
Boost Capital, a leading provider of small business financing, today announced the launch of Open Banking capabilities as part of the company’s efforts to accelerate the funding process and improve the customer experience for small and medium-sized enterprises (SMEs) applying for financing. Open Banking enables businesses to share their financial…
Norwegian bank Sbanken has selected Nets to support open banking with Nets Access to Account Services (NAAS) – a single platform that enables access to banks across the Nordics and Europe. The revised Payment Services Directive (PSD2) will facilitate new services and better overviews of finances for bank customers. Nets’…
Bespoke systems integrator, Prolifics Inc announces its new “OB Test Suite”, a testing solution dedicated to Open Banking and PSD2. The OB Test Suite aims to ensure that Account Servicing Payment Service Providers (ASPSP) are compliant with the Open Banking Implementation Entity’s (OBIE) stringent tests around the newly launched legislation;…
One more day remains until the next PSD2 milestone. Tomorrow, the EU banks should make available a sandbox to third party providers for connection and functional testing of their applications and how they interoperate with the bank interface.
Ascent RegTech and Motiv have joined the Wells Fargo Start-up Accelerator programme, giving them each access to funding of US $1 million. Designed to help advance emerging technologies in the financial services industry, start-ups joining the scheme are each eligible for up to $1 million in funding to help refine…
Open Banking may be all the rage in the UK, but in the U.S. it’s not quite ready for prime time. “It’s a hot topic for all banks right now,” affirmed Richard Muskus Jr., president of Stamford’s Patriot Bank. “It’s all about how we can better compete with larger, more…
The surge in innovation sees no sign of letting up and this acquisition is no different. Hot on the heels of raising $114 million in Series D funding, Raisin, the pan-European fintech marketplace for savings and investment products, has acquired MHB Bank of Frankfurt, its main provider of banking services…
A near-unanimous 99% of financial services organisations polled expect Open Banking to benefit their business. Over half (52%) believe that Open Banking will speed up their application or onboarding process, whilst 46% expect it to improve customer experience, according a recent white paper by TransUnion. Research conducted by Forrester Consulting*…
