Open banking stories

Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).

Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

Luke Trayfoot, former PayPal and MangoPay executive, takes on role as Chief Commercial Officer at Brite Payments, heading the effort to expand their real-time bank-to-bank payment solutions across Europe.

Australian mortgage broking industry pivots towards Open Banking, with the number of brokers using NextGen's solution tripling, amid potential legislative changes.

PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.

Craggle launches AI tool revolutionising home loan refinancing, aims to simplify the process and save Aussies millions annually.

Banking without borders is pivotal for 40% of UK adults considering relocation abroad amid concerns about financial difficulties.

Liz Oakes, former Mastercard executive and payments industry veteran, joins the board of Mangopay, the payment infrastructure provider, as Non-Executive Director, as the firm embarks on a growth phase across Europe.

Efficiency and open banking lead 2024 lending trends as lenders target cost reductions, superior customer experiences, and faster approval times, utilising technological prowess and expansive data use.

Volopa partners with Open Banking API provider, Yapily, aiming to simplify the payment process for finance teams through seamless connectivity using innovative open banking technology.

Waave and Gr4vy partner to introduce the 'Pay by Bank' solution for retail outlets in Australia, providing a safe and secure payment alternative.

Bristol's Moneyhub is ranked among the top 100 'most promising' fintech start-ups globally for 2023 by CBInsights.

The Fintech and Payments Advisory Network (TFPA) has hired a new CEO, COO and Executive Chair to lead its growth journey.

By incorporating open banking with a customer-centric approach, the payment landscape is rapidly transforming, forcing businesses to adapt or get left behind.

Fime Asia receives Visa accreditation to validate contactless payment terminals, boosts global testing capabilities.

Finastra and Tonik strengthen partnership to fast-track deployment of new products and services as digital bank surpasses one million customers.

Akahu and Cogo have partnered to provide banks with carbon emissions insights from transaction data, helping individuals reduce their impact on the planet.

Brite Payments appoints Alexander Kassai as COO & Fredrik Strmqvist as CFO fueling rapid growth in the open banking fintech sector. #BritePayments.

DECTA has appointed industry veteran Scott Dawson to ramp up its strategy for UK growth and expand its regulated payment services.

Open Banking has matured into an innovative payments solution enabling merchants to drive conversion, reward loyalty and improve the customer experience.

Cyber threats directed towards financial services has grown rapidly, driven by digital transformation and regulation such as open banking.

Finsure has partnered with Frollo and NextGen to use Open Banking data as part of the loan application process.

The findings are from Experian's latest business and consumer insight report, developed in partnership with Forrester, exploring open Banking and data privacy.