Open Banking

Apr
16

Mambu research reveals global consumers are hesitant to use Open Banking

A study of 2,000 global consumers released by Mambu revealed that a significant misunderstanding of open banking is hampering its adoption.

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Apr
15

FinSS and Salt Edge partner for CDR Compliance solution in Australia

With phase two of the regulatory adoption quickly approaching, Australian data holders are welcoming a new CDR Compliance solution on the market.

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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 […]

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Apr
09

Cape awarded MVP Grant to kickstart new wave of Open Banking powered business finance tools

Australian fintech company Cape has been awarded a prestigious Minimum Viable Product (MVP) grant by the NSW Government.

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Apr
07

EML acquires Sentenial Group & enters the Open Banking market in Europe

EML has entered into a binding agreement to acquire 100% of Sentenial Group for €70 million upfront, plus an earn-out component of up to €40 million.

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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, […]
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Mar
25

Basiq and Personetics partner for one-on-one banking personalisation

Basiq, a financial API platform backed by Plaid, Westpac, Salesforce and NAB has partnered with Personetics.

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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.

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