Tag: Open Banking

The Competition and Markets Authority (CMA) has published its recommendations for the future oversight and governance of the open banking sector in the UK.

Electronic Money Institution ConnectPay has linked with Salt Edge, a provider of banking banking solutions, to boost its open banking offering.

Open banking firm Ecospend has partnered with digital identity network Yoti to integrate both services together.

Research by Yolt has found that the adoption of open banking could save SME online retailers over £19,000 a month in transaction fees alone.

Open banking platform Ecospend has partnered with banking-as-a-service (BaaS) provider Contis to offer a wide range of BaaS products to both its customers.

Swedish open banking company Tink has completed its acquisition of German firm FinTecSystems following regulatory approval.

A recent report by open banking credit reference agency Credit Kudos has found that the adoption of open banking in lending could be set to reach 87% by 2023.

Open banking provider Yolt has received a PSD2 license from De Nederlandsche Bank (DNB), which will be the backbone for its expansion in Europe.

Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?

Global payment transactions facilitated by open banking are expected to exceed $116bn by 2026, rising from $4bn in 2021.