54 articles tagged with this keyword
News/retail
Visa has launched open banking in the US, using technology from recently acquired Swedish vendor Tink.
25 April 2024
News/security
Mastercard is tackling the growing threat of scams through the launch of an AI-based product suite and several cross-industry partnerships.
News/payments
In the first panel of NextGen Nordics 2024, Finextra’s head of content Madhvi Mavadiya moderated the session: ‘Instant payments – how to prepare for RIX-INST on TIPS and the benefits of starting with Swish’.
23 April 2024
News/markets
NextGen Nordics, Finextra’s annual payments event, kicked off on April 23 2024 in Stockholm, Sweden, bringing together an array of experts and leaders in the Nordics payments industry.
UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs).
The UK government has published its Smart Data Roadmap laying out its plans for smart data schemes across seven sectors, including banking and finance.
19 April 2024
News/inclusion
Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.
News/regulation
If it wins the upcoming UK general election, the Labour party must harness the fintech sector as an engine for economic growth, opportunity and inclusion across the country, says a report from the Tony Blair Institute for Global Change.
18 April 2024
The Canadian government has promised open banking legislation by the end of the year and confirmed that the Financial Consumer Agency of Canada (FCAC) will oversee the new system.
17 April 2024
The UK Centre for Finance, Innovation and Technology (CFIT) is to build two working prototypes of open finance applications for providing financial advice to vulnerable consumers and to speed up credit assessments for SME loan applications.
Building on open banking to enable wider data sharing across financial services products including savings, mortgages and insurance, could unlock an extra £30.5 billion GDP a year for the UK, says a paper from Innovate Finance and KPMG.
15 April 2024
Bim Ofolami, UK government Economic Secretary to the Treasury, has announced the formation of an open finance task force during a speech at ifgs 2024.
News/predictions
The market for embedded finance is forecast to grow by 148% over the next five years, according to a recently published study.
02 April 2024
News/startups
UK open banking-powered startup BuildMyCreditScore says users have seen an average 52 increase in their credit scores in the first three months.
21 March 2024
Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.
20 March 2024
GoCardless is creating a full-service bank payments provider through the acquisition of open banking business Nuapay from Australia's EML Payments in a deal worth €32.75 million.
15 March 2024
The 19th edition of EBAday, the largest annual European event for payments and transaction banking, will return on 18th – 19th June 2024 at CCL in Lisbon, Portugal.
News/crime
In an exclusive interview at Merchant Payments Ecosystem 2024, trust and safety architect at Sift Brittany Allen spokes with Finextra on new challenges in the fraud space, and how the spread of misinformation on social media is a major concern with AI-driven technology.
In a keynote presentation at Merchant Payments Ecosystem 2024 in Berlin, Hemlata Narasimhan, president of Elavon explored what a smart city could look like in 2030, using Venice, Italy as a case study.
13 March 2024
Mastercard has launched an open banking-powered subscriptions management tool that banks can plug into their apps.
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