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Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.
Nearly half (43%) of large financial institutions have adopted open banking, according to a report from identity management company Curity.
The Competition and Markets Authority (CMA) has published its recommendations for the future oversight and governance of the open banking sector in the UK.
Open banking firm Ecospend has partnered with digital identity network Yoti to integrate both services together.
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?
Mexico City-based open finance API platform Belvo has raised $ 43m in a Series A funding round, touting it as “the largest ever Series A for a FinTech company in Latin America.”
Open banking platform Tarabut Gateway has bagged $13m in its seed round, which was led by Target Global.
Almost half of the banking executives around the world are looking to digitalise their businesses, according Temenos' new research.