banking

Apr
09

TrueLayer raises US$70m to build the world’s most valuable Open Banking network

TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf […]

DETAIL
Apr
07

Tier-1 global investment bank extends existing Asian use of GBST’s Syn~Ops to incorporate European market securities processing

A leading global investment bank and client of GBST has extended its deployment of GBST’s Syn~Ops platform, enabling securities processing in Europe.

DETAIL
Apr
07

How Railsbank can provide new financial opportunities in Australia

London-based Railsbank has partnered with Australian neobank Volt and the former plans to improve and provide fintech opportunities in the country. Railsbank wants to use Volt’s banking-as-a-service platform to distribute various products, such as cards and payments. This is a partnership that will contribute to Railsbank’s expansion in the Asian region. Open Banking on Surge Open banking got a slow start in Australia, but by adding cards in summer 2020, the country also contemplates adding more financial services this year. The concept of online banking has been rising in recent years, and Australia is no exception. What is open banking? As we know, Open Banking is a fundamentally new type of banking, […]
DETAIL
Mar
31

Westpac BaaS platform plugs into Aussie fintech FrankieOne

FrankieOne is the second infrastructure partner alongside 10X Future Technologies to join the bank’s market-first, best-of-breed BaaS platform.

DETAIL
Mar
31

ACCC’s Sims warns big banks’ fintech deals could be blocked

The ACCC’s Rod Sims has warned he could block innovative fintechs from merging with big four banks, after giving approval for NAB’s takeover of 86 400.

DETAIL
Mar
30

ACCC does not oppose NAB’s acquisition of Australian neobank 86 400

NAB and UBank welcome the Australian Competition and Consumer Commission’s decision not to oppose NAB’s acquisition of Australian neobank 86 400.

DETAIL
Mar
29

Peppermint signs API agreement with Bank of the Philippine Islands

Peppermint Innovation has signed an API agreement with one of the top five banks in the Philippines, the Bank of the Philippine Islands.

DETAIL
Mar
24

The best of open banking is yet to come

In Australia, we’ve only hit the tip of the iceberg when it comes to open banking.

DETAIL