Tag: Open Banking

Open banking startup Yapily raises $13m in Series A funding round to drive growth across Europe

Investment into Australian FinTech skyrocketed last year, but why has it become so appealing?

If everything goes according to plan, then Australia will introduce open banking in July. The founder of neobank 86 400 cannot wait, but believes the benefits will take some time to manifest.

When open banking was first introduced, it was suggested that it would enable both big banks and smaller firms to innovate. However, the founder of Monzo believes there has been zero positive effects of open banking so far.

Meniga, which helps consumers improve their financial lives, has successfully registered as an Account Information Service Provider by the UK’s Financial Conduct Authority (FCA).

Bankify a digital banking platform for millennials, has formed a strategic partnership with payments service provider Nets.

BNP Paribas has extended its partnership with open banking platform Tink to supply its customers with more personal finance tools.

The Australian Competition & Consumer Commission (ACCC) has delayed the implementation of the Consumer Data Right (CDR) by five months.

The Financial Conduct Authority (FCA) commenced a Call for Input (CfI) on opportunities created by Open Finance.

Pressure is mounting for PNC Bank after it locked out clients from using bill-splitting app Venmo, but the affair also highlights a the question of whether open banking should be introduced in the US.