Tag: Open Banking

UK data bill sets stage for open finance growth

The UK Government has taken a significant step towards broadening the scope of open banking with the passage of the Data (Use and Access)...

Sumsub launches bank account verification to combat fraud across Europe

Sumsub, a global identity verification and KYC compliance provider, has announced the launch of its new Bank Account Verification solution, expanding its capabilities across...

Tradu and Salt Edge collaborate to power secure payments and PSD2-aligned...

Tradu, a London-based multi-asset trading platform for active traders and investors, has formed a partnership with Salt Edge, a global leader in open banking...

CFPB blasted for scrapping open banking rule seen as key to...

The Consumer Financial Protection Bureau (CFPB) is facing strong criticism from the Financial Technology Association (FTA) after revealing plans to rescind its landmark open...

42% of UK firms back Open Banking to cut fraud and...

A new report by Payit, the Open Banking payment service from NatWest, reveals that 42% of UK businesses are considering the adoption of Open...

Saudi FinTech Nqoodlet secures $3m to transform SME financial operations

Saudi-based FinTech company Nqoodlet, which provides an integrated financial operating system for small and medium-sized enterprises (SMEs), has raised $3m in a seed funding round.

Acquired.com launches Sweeping VRP solution and joins cVRP industry initiative

Acquired.com, a next-generation payments business powering recurring commerce, has announced the launch of its proprietary Sweeping Variable Recurring Payments (VRP) solution while also joining...

Deutsche Bank backs London FinTech Abound with £250m

London-based FinTech company, Abound, has recently fortified its financial structure with a substantial £250m financing deal secured from Deutsche Bank. According to UKTN, this fresh...

Virgin Money and Mastercard team up to enhance credit card app...

Virgin Money customers will soon be able to access and manage their credit card and current account balances from multiple banks through the Virgin Money Credit Card App.

Bourn raises £1.5m seed funding to revolutionise SME cash flow management

Bourn, a UK-based FinTech startup focused on SME finance, has secured £1.5m in seed funding to support the expansion of its AI-powered Flexible Trade Account (FTA).

120,000+ FinTech leaders get exclusive industry stories delivered every week