Industry news
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.…
Banking & Financial Expert and CMO at Equifax UK, Jake Ranson, spoke with Open Banking Expo to offer his thoughts on the Open Banking landscape and its outlook for 2019. January will mark a year since the implementation of Open Banking. So, how has Open Banking disrupted the traditional banking…
South Korean company JB Financial Group has signed a strategic memorandum of understanding (MoU) with CIMB Niaga for Open Banking platform business in Indonesia. The MoU will make JB Financial Group the first Korean banking group to export its Open Banking platform to Indonesia. It also acts as a substitute…
Regional Australia Bank have partnered with Basiq to provide input into a newly released Affordability Report, a new innovative new tool for their home lending specialists and customers. Rather than spending time requesting pay slips, credit card and bank statements the lender can spend more time where it matters most,…
Fiorano Software, a leading Enterprise Middleware, Integration and API Management specialist announced today that it has launched a ready-to-deploy sandbox ahead of the March 2019 deadline for PSD2. The sandbox is a key addition to Fiorano’s PSD2 Accelerator, designed for banks who need to deliver ASPSP interfaces for PSD2. At…
Bank technology firm Temenos has struck a deal to acquire banking services and on-boarding firm Avoka in one of the largest exits for an Australian FinTech, reports in the Australian Financial Review said Wednesday (Dec. 12). Switzerland-based Temenos will acquire Australia-based Avoka for $245 million, reports said, following Temenos’ acquisition…
iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays and HSBC banks under Open Banking. This expands the number of Open Banking connections offered by iwoca to three, including Lloyds Bank, and will enable more than 60 percent of the lender’s customers to take…
The below blog from OpenWrks explores the latest Open Banking API statistics from the month 22nd October- 22nd November 2018. A couple of months ago we made the conscious decision to put a pause on the release of our bank performance stats to give the participating banks time to iron…
