Payments News

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Deals

Yapily Raises $51 Million for Its Open Banking API by Focusing on Infrastructure

“Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures . The company has been working on a single, unified open banking API for several European markets. Developers can leverage that programming interface to interact with third-party bank accounts directly from their own products…Another difference is that Yapily focuses […]
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Providers

What Biden’s Data Portability Push Means for Banks

“How much of an effort this will require banks to make from a technology and business point of view will depend on the rules the CFPB writes. The agency could validate the current state of consumer data sharing in the U.S., in which aggregators pull data out of banks and give it to fintechs on […]
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Deals

Codat Raises $40M From Tiger for Its SMB-focused API Service

“This morning Codat , a startup that provides APIs to link small-business fintech data to external services, announced that it has closed a $40 million round led by Tiger Global. The company raised $10 million in a Series A around a year ago that Index led; Codat also raised some strategic capital in the interim, […]
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Providers

FP Explains: What Is Open Banking and Why Hasn’t It Come to Canada Yet?

“Canadian consumers are being left to share their financial data in potentially risky ways as the government winds its way through a belaboured open banking review process. As global competitors flock to countries with established open banking regulations, consumers and fintech companies are using workaround processes to access online banking services. Open banking advocates say […]
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Providers

Airbank Centralizes All Your Business Bank Accounts and Financial Data

“Meet Airbank , a startup that is taking advantage of open banking regulation and related APIs to aggregate all your bank accounts. Focused on startups and small and medium companies, the company wants to build an all-in-one banking interface to access financial data, initiate payments, manage cash flow and more…The startup’s value proposition is quite […]

On The Wires

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Providers

Finicity and Green Dot Announce Secure Data Access Agreement to Deliver More Accessible, Seamless and Secure Money Management to Customers

“Finicity, a Mastercard company and leading provider of open banking solutions, announced today that it has signed a data access agreement with Green Dot (NYSE: GDOT), a digital bank and fintech focused on delivering trusted, best-in-class banking and payment solutions that seamlessly connect people to their money…The Finicity direct API experience will first be available […]
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Deals

Visa To Acquire European Open Banking Platform Tink

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive […]
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Providers

Akoya | Easily Access and Securely Share Consumer Financial Data

“Akoya LLC announced today that Wells Fargo has joined the Akoya Data Access Network . Fintechs and data aggregators can now request application programming interface (API)-based access to Wells Fargo customer data for mutual customers through Akoya…Akoya implements Financial Data Exchange API specifications, which remove the need for bank customers to share login credentials in […]