Open Banking

TrueLayer Earns Unicorn Badge With US$130 Million Funding From Stripe

London-based open banking platform TrueLayer announced that it has secured US$130 million, earning the unicorn badge with a company valuation of more than US$ 1 billion. The funding round was joined by Tiger Global and Stripe. This brings TrueLayer’s total funds

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Open-Banking-Weichensteller actesy neu im F10-Accelerator-Programm

Die actesy AG erhält in Zukunft Unterstützung vom Fintech-Beschleuniger F10 in Zürich. Das Ostschweizer Unternehmen ist eines von 25 europäischen, asiatischen und amerikanischen FinTech- und InsurTech-Startups, welches für das neue Förderungsprogramm ausgewählt wurde. actesy wurde aus insgesamt über 350 Bewerbern

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Swiss Consumers Show Interest in Open Banking-Enabled Services Despite Low Awareness

In Switzerland, although just a few consumers know what open banking is, consumers are showing strong interest in the use cases and opportunities the trend brings, signaling that future growth and adoption of open banking will be driven by consumer

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Mastercard Inks Deal to Acquire Danish Open Banking Firm Aiia

Mastercard is set to acquire Aiia, a Danish open banking technology provider, for an undisclosed sum and the transaction is anticipated to close by year’s end. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider

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SIX Joins Forces With Inventx to Expand the Swiss Open Finance Ecosystem

Swiss stock exchange SIX will collaborate with Inventx, an IT service provider, to ensure the smooth interconnection of their complementary ix.OpenFinancePlatform and bLink open-finance hubs going forward. Following the cooperation between Swisscom and SIX announced in March, this partnership will enable

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Paysafe Signs US$441 Million Deal To Acquire LATAM Rival SafetyPay

London-based payments platform Paysafe signed a deal to acquire Latin American digital payments firm SafetyPay for US$ 441 million in an all-cash transaction that is expected to close in the fourth quarter of 2021. Paysafe said in a statement that

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Open Finance: SIX’s bLink Platform Could Act as the Trusted Central Authority

With open finance increasingly coming to the public’s attention in Switzerland, discussions on API standards are accelerating. In July, industry trade group Swiss Fintech Innovations (SFTI) released a whitepaper outlining key considerations to address in regards to data security and

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Open Banking Fintech Yapily Raises US$51 Million in Series B Fundraise

Yapily, a London-based open banking infrastructure provider, announced the first closing of its US$51 million Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round. With this new round of

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German Fintech Deposit Solutions Merges With Rival Raisin to Form Raisin DS

Deposit Solutions and Raisin have announced the completion of their merger to from Raisin DS, servicing banks and consumers on both sides of the Atlantic in the savings and investment market. The merger only needs to be registered in the

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Visa Inks Deal to Acquire Swedish Open Banking Platform Tink for US$2.2 Billion

Visa announced it has signed a definitive agreement to acquire Tink, a Swedish open banking platform, for 1.8 billion Euros (US$2.2 billion). Tink will retain its brand and current management team, and its headquarters will remain in Stockholm, Sweden. The

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