AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
Open Banking
How open banking payments will help businesses keep up
With open banking, businesses have what they need to provide a frictionless checkout experience.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
PayTech Awards 2022 Winner: Crezco – Best Real-Time Payments Solution for Business
Get paid faster and reconcile invoices automatically with instant open banking payments.
Passive micro-investing app upnup launches in South Africa
The company says micro-investing is a good first step into the space, providing “investment on auto-pilot”.
Embedded finance: navigating the challenges
There are a few challenges to be aware of before entering the world of embedded finance.
Mansfield Building Society partners DirectID to streamline mortgage applications
Mortgage applicants can now securely provide their bank statements online via open banking.
The Co-operative Bank taps Finastra for treasury infrastructure upgrade
The bank is moving its treasury activities to the cloud with Finastra’s Kondor solution.
TAS acquires Italian paytech consultancy Krisopea
Acquisition reflects TAS’ “acceleration in non-organic growth” driven by largest shareholder Rivean Capital.
Data and payments fintech Moneyhub appoints David Firth as product director
Firth joins from Mastercard, where he helped build out the firm’s open banking solutions.
Open finance firm MX hires former PayPal exec Jim Magats as CEO
Magats will start his new role on 17 August and will also join the firm’s board of directors.
Veritas Capital in talks with NCR Corporation over potential acquisition
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
Germany’s Airbank taps Klarna Kosma for open banking platform
Klarna Kosma’s open banking offering will provide Airbank access to an international network of banks.
FinTech Futures Jobs: Is remote working causing a workquake?
It turns out lots of us really like working from home.
A2A paytech Volt hires Stuart Barclay as new VP of strategy
Barclay joins from Swedish open banking unicorn Trustly.
Less than two weeks until nomination deadline for Banking Tech Awards 2022
The deadline for nominations for the Banking Tech Awards 2022 is Friday 22 July.
Europe fintech funding round-up: Currensea, Zeed, BKN301 and pfs
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK fintech Mode hires Jose Sanchez Loureda as CTO
Loureda will be tasked with helping Mode enhance its digital wallet offering.
Congratulations to the PayTech Awards 2022 winners!
The winners and highly commended were announced in a ceremony at the Merchant Taylors’ Hall in London.
NPP Australia rolls out new digital payments solution, PayTo
NPP Australia has been working with the financial services industry to develop the PayTo service.
GoCardless to buy Latvian open banking platform Nordigen
The deal is expected to close later in the summer.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
OBIE report shows open banking and cloud accounting benefit SMEs
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
Lithuania’s SME Bank partners kevin. for A2A e-commerce platform
The new offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
GoCardless rolls out two open banking solutions in Germany
GoCardless says: “Open banking is growing rapidly, with 64 million active users projected in Europe by 2024.”
RBC partners Plaid to offer API-led connectivity with fintech services
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
State of play: Money 20/20 Europe
Fintech analyst Philip Benton recaps key themes and trends at Money 20/20 Europe.
Qatar National Bank launches open banking platform for fintechs
QNB says its open banking APIs could transform the fintech landscape in Qatar.
Coping with the cost of living: how open banking can build financial resilience
We need to see a significant step-change in open banking regulation to cushion the blow of inflation.
Banking start-up Fiinu to launch plug-in overdraft, list on LSE
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.
Money 20/20 Europe: A new era for a digital Sterling
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
Open banking specialist Yapily appoints new CTO
Yapily has named Noam Oren its new CTO as it plans European expansion.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Open banking fintech Bud closes $80m Series B funding round
The new funding will be used for further international expansion, Bud says.
Ximedes acquires fellow Dutch fintech Ginger for European expansion
Ximedes, a Dutch software firm, has acquired Ginger, an Amsterdam-based online payment platform provider.
Money 20/20 Europe: Mode CEO Rita Liu on crypto adoption and regulation
Education and regulatory clarity are key to mass adoption of crypto, Mode CEO Rita Liu says.
State of play: fintech partnerships
Incumbents and fintechs are increasingly forging equally beneficial partnerships to lead innovation.
A2A paytech Trustly buys open banking platform Ecospend
Trustly is aiming to boost its footprint in the UK market, which it says “presents a dynamic ecosystem”.
