Tag: Open Banking

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.

A study by Swedish open banking platform Tink has found 41% of European financial executives believe the shift online caused by the Covid-19 pandemic is permanent.

UK banks HSBC and Barclays have railed against open banking reforms as the amount they have spent to share customer data with smaller rivals has been 'significantly higher' than original estimates.

American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.