Tag: Open Banking

A survey by open banking platform Tink has found that four in ten executives believe it will take their organisation between 5-10 years to fully implement open banking.

Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.

Integrated Finance, a FinTech infrastructure platform, has netted ?2m in its seed funding round, which will bolster its platform development.

Mastercard has acquired open banking technology developer Aiia to help its customers develop and launch new digital solutions that meet the needs of everyday life.

A whitepaper by payment service provider Ecommpay has found 48% of all UK consumers have some level of confusion regarding open banking and its uses.

Open banking could help lenders save around 18,000 work hours each year, as well as reduce the costs of processes, according to a study from Yolt Technology Services.

French FinTech Fime has revealed it has been empanelled as an official certifier to support the growth of India’s open banking ecosystem.

The Euro Banking Association’s (EBA) Open Banking Working Group has published a report that explores an operating model for banks on their way to digital readiness.

Open banking platform Finleap Connect has secured €22m from a Series A funding round led by SBI Investment.

A study conducted across ten European countries by Mastercard has found the UK and the Nordics are the most well-suited for the growth of open banking across the continent.