Konsentus launches Open Banking Exchange

UK, 5 May 2021:  Konsentus today announced the launch of its open banking international membership programme, Open Banking Exchange.   Open Banking Exchange has been established to leverage the past achievement and know-how of Open Banking Europe (OBE), to enable open banking and open finance around the world.   The European success of OBE generated a global […]

IXOPAY partners with Volt to support open payments in Europe

Volt integration offers IXOPAY merchants access to account-to-account payments across Europe from one connection London, UK, 5 May 2021: Payment orchestration platform IXOPAY and Volt, the leading open payments gateway, today announced a new partnership that will give IXOPAY’s merchant clients another option to accept PSD2-compliant Open Banking payments through its payment orchestration platform. IXOPAY […]

SaaS and how Open Banking can nurture this booming vertical

For more in-depth insights, discussions and expert opinions on all things Fintech, check out the latest issue of PCN Magazine. Open Banking is all about the customer being in control of their data and funds.  It gives them the freedom and flexibility to decide when and with whom to share their valuable information.  However, as with […]

TrueLayer raises $70 million in preparation for Open Finance moment

UK Open Banking platform TrueLayer has raised $70 million in a Series D fundraising round.The round was led by new investor Addition and included participation from a list of well-connected angel investors. It brings the company’s total fundraising to $142 million. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated. […]

Plaid valued at $13.4 billion in new funding round

Latest funding round values Plaid significantly above the $5.3 billion that Visa planned to pay in merger deal called off earlier this year. Financial technology company Plaid raised $425 million in a new funding round that values Plaid significantly above what Visa Inc. planned to pay for the company in a merger deal that was […]

Open Banking Europe and ETSI Publish a JSON Web Signature Profile for Open Banking

Open Banking Europe (OBE) has published its JSON Web Signature Profile for Open Banking. This is  openly available to the industry for download.   This document was developed in partnership with the European Telecommunications Standards Institute  (ETSI), to help establish API standards for the Open Banking community and has been subject to open  review. Contributors to […]

Starling achieves Unicorn status on £272 million funding round

Starling Bank has entered Unicorn territory on the back of a new £272 million investment led by Fidelity Management & Research Company. Starling, which was founded in 2014, embarked on an attempt to raise £200m last autumn when Rothschild, the investment bank, was hired to canvass interest from investors. Alongside Fidelity, the Series D round […]

Open Banking Europe and the European Third Party Providers Association Sign a Mutual Cooperation Agreement

Today Open Banking Europe (OBE) and the European Third Party Providers Association (ETPPA)  announced a Mutual Cooperation agreement had been signed to foster collaboration, enhance industry understanding and establish a framework for sharing information between the two organisations.  The Mutual Cooperation Agreement formalises and strengthens the interaction and existing relationship  between OBE and the ETPPA […]

Lloyds Bank taps Mastercard’s Open Banking Connect for credit card customers

Mastercard’s Open Banking Connect service is now enabled for credit card holders of Lloyds Banking Group brands: Halifax, Bank of Scotland and Lloyds Bank itself. The new functionality means cardholders can pay their credit card bills via their mobile app and draw on funds directly from a current account of their choice. By initiating a […]

Evolution of FinTech Solutions and their Applications in 2021

Fintech, known for its applications in the e-commerce industry, has been in popular demand over recent years. By fusing technology and finance in smart products and services, Fintech brings innovation to the table for businesses and customers alike. According to Statista, the industry will top a staggering $4.8 trillion by the end of 2020 and […]