Open Banking
Fabrick Acquires Mobile Payments Firm Judopay, Expands Footprint in the UK
Fabrick, an Italian open banking solutions provider, announces that it has acquired UK-based mobile payments company Judopay. Details of the transaction was not disclosed. This acquisition marks an important step in Fabrick’s expansion into the UK market. Judopay will continue
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Mastercard Launched Open Banking for Account Opening Solution
Innovations in finance and payments are unlocking new experiences for consumers and fintechs alike. As of 2022, 78 percent of adults in the U.S. prefer to bank via a mobile app or website. As more people open accounts and manage
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Multibanking for Private Customers? Swiss Banks Sign Memorandum of Understanding
A group of banks in Switzerland headed by the Swiss Bankers Association (SBA) has signed a memorandum of understanding – with the goal of enabling initial multibanking offerings for individuals by mid-2025. SBA and its member institutions view the opening
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Finanzguru Bags €13 Million in Fundraise Led by SCOR Ventures, PayPal
Finanzguru, a German financial advisor enabled by open-banking, announced that it has raised €13 million in a funding round led by new investors SCOR Ventures and PayPal Ventures. This brings its total funds raised to €27 million since its launch
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Inventx erwirbt Mehrheitsbeteiligung an Wiler Spezialistin für Daten-Transformation
Die Inventx übernimmt rückwirkend per 1. Januar 2023 die Aktienmehrheit der DTI-Gruppe. Die DTI ist eine unabhängige Dienstleisterin für digitales Informationsmanagement mit Sitz in Wil SG, einer über 25-jährigen Firmengeschichte und Expertise in der digitalen Transformation und im Informationsmanagement. Sie wird
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Swiss Government Plans to Promote Open Finance in 2024
During its meeting on 16 December 2022, the Federal Council discussed open finance developments in Switzerland. It has instructed the Federal Department of Finance (FDF) to submit measures to it by June 2024 in the event that the financial sector
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Moneyhub Kicks Off Fundraise With £40M From Legal & General, Lloyds Bank
Open finance platform Moneyhub has secured an initial £35 million in its latest funding round led by asset manager Legal & General and Lloyds Banking Group, with an additional £5 million debt facility provided by Shawbrook Bank. The investment will
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Swiss Professionals Show Reticence to Share Data Despite Seeing Opportunities in Open Banking
In Switzerland, the finance and banking industry believes open banking offers considerable opportunities across all major use cases. But despite the realization that the sector is moving towards greater openness and connectivity, there is a clear discrepancy regarding the practical
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Tresio Partners With Latvia’s Nordigen to Gather Its Customers’ Financial Data
Financial planning platform Tresio has partnered with freemium open banking provider Nordigen to further enhance its financial tool via accurate, real-time data. Tresio’s partnership with Nordigen allows it to source customers’ financial data directly from their bank accounts within seconds
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Open Banking Adoption: 1578 Banking Platforms and 5564 APIs Worldwide
Around the world, open banking adoption is rising steadily, embraced by a growing number of banks and fintech companies to provide innovative financial products and tap into new market segments. A new report by Platformable, a Barcelona-based startup building data
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