Latest Open banking News: Finextra Research

MPE 2024: How are merchants implementing AI in payments?

At the Merchants Payments Ecosystem conference 2024, Chairwoman Anna Maj moderated the session ‘Next-Generation Technologies for Merchant Payments’, speaking to a panel of experts including Bartosz Skwarczek of GZA Capital Group, Galit Shani-Michel from Forter, Bono van Nijnatten from ASOS Payments, and Francesco Burelli of Arkwright Consulting. Maj questioned the panelists on how AI is being used in merchant payments and where AI can take their companies in the future.

12 March 2024

News/payments

MPE 2024: What’s new for merchant payments and the role of digital wallets?

At the annual Merchant Payments Ecosystem conference in Berlin, businesses and leaders in payments come together to exchange ideas, perspectives, and visions in the merchant payments industry.

12 March 2024

News/regulation

Open finance could boost UK GDP by £30.5 billion says CFIT CEO

The Centre for Finance, Innovation and Technology (CFIT) has published its report on the benefits of open finance in line with the Kalifa Review.

29 February 2024

News/payments

Mastercard offers issuers open banking-based account opening

Mastercard has launched a programme that uses open banking to streamline the account opening process for some US debit and prepaid products.

28 February 2024

News/sustainable

Digitisation is a priority for ESG initiatives – Paymentology

ESG has a new meaning in 2024, with more and more financial institutions becoming increasingly transparent in their sustainable principles, and governments pushing harder for green regulation within the industry.

23 February 2024

News/payments

And the winner is...open banking payments

Ecospend is looking to drive account-to-account payments into the mainstream via an open banking-only competition on national television network ITV.

21 February 2024

News/payments

Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

16 February 2024

News/payments

Moneyhub boards public sector open banking push

Moneyhub has been named as a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its account-to-account payment services.

12 February 2024

News/payments

Natwest becomes first bank accepted into UK Open Banking DPS

NatWest Bank has been confirmed as the first UK Bank to become a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking.

09 February 2024

News/people

Ainsworth departs from Open Banking Limited

Alan Ainsworth, policy and strategy director of Open Banking Limited (OBL), is moving on after six years in the role.

07 February 2024

News/payments

Oz payments firm Fat Zebra buys open banking outfit Adatree

Australian payments infrastructure provider Fat Zebra has acquired local open banking technology platform Adatree. Financial terms were not revealed.

06 February 2024

News/startups

Another one bites the dust: Kikapay goes under

Kikapay, an early startup in the UK's open banking scene, has become the latest fintech to fall victim to changing economic conditions.

01 February 2024

News/payments

Businesses measure the benefit of open banking payments

Business that use open banking for payments report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research from NatWest reveals.

01 February 2024

News/payments

Volt and Bumper bring open banking to car dealerships

Real-time payments platform Volt has struck a deal with Bumper to bring open banking to car dealerships in the UK and Europe.

01 February 2024

News/inclusion

Labour vows to make UK fintech leader

The UK's Labour party says it will deliver the next phase of Open Banking, become a standard setter for the use of AI, and embrace securities tokenisation and a digital pound if it wins the next election.

01 February 2024

News/payments

Tink launches risk engine to unlock instant payments

Open banking platform Tink has launched a rules-based risk engine to protect merchants from fraud on instant payment rails.

25 January 2024

News/retail

Ozone API raises £8.5m to go global

London-based open banking fintech Ozone API has raised £8.5 million in a Series A funding round led by Gresham House Ventures.

23 January 2024

News/startups

Davos 2024: AI most relevant for fintech development until 2029

Bryan Zhang, executive director and co-founder of the Cambridge Centre for Alternative Finance at The University of Cambridge Judge Business School presented research on the future of global fintech, conducted in conjunction with the World Economic Forum.

19 January 2024