Payments News

On The Web

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Providers

Lydia Partners with Tink to Improve Open Banking Features

“French fintech startup Lydia is going to work with financial API startup Tink for its open banking features in its app. Lydia started as a peer-to-peer payment app and now has 4 million users in Europe. Lydia’s vision has evolved to become a financial super app that lets you control your bank accounts and access […]
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Providers

Finicity Inks Data API Deal with Charles Schwab

“Finicity, an open banking software provider, announced Friday that it has signed a direct data agreement with Charles Schwab.  By sharing data via an API, Finicity says it will enable consumers, through their Schwab accounts, to more securely connect and allow direct access to their financial account data via third-party apps. The real-time financial data aggregation […]
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Providers

Pandemic drives surge in Open Banking-based payment initiation

“Financial API provider TrueLayer has recorded an eight fold increase in UK consumers using Payment Initiation (PI) to pay for goods and services online during the lockdown. The majority of growth (88%) was from people with bank accounts held at traditional financial institutions such as Lloyds or Barclays, with account holders at challenger banks such […]

On The Wires

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Providers

Finicity Launches Finicity Lend™ to Accelerate the Next-gen Credit Decisioning Experience, Advance Open Banking

“Finicity, a leading provider of open banking solutions, today announced the rollout of Finicity Lend™ for credit-decisioning. Finicity Lend, an integrated solution set of open banking data services, provides banks, lenders and fintech developers access to tools that enable their borrowers to directly permission data and insights into lending decisioning processes.”
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Providers

Wells Fargo and Envestnet | Yodlee Sign Data Exchange Agreement

“Wells Fargo & Company (NYSE: WFC) announced it has entered into a data exchange agreement with Envestnet | Yodlee, a leading financial data aggregation and analytics platform. Powered by an application programming interface (API), Wells Fargo customers will be able to more securely and seamlessly share their financial data with the more than 1,400 third-party […]
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Global

Real Demand for Open Banking as User Numbers Grow to More than Two Million

“The Open Banking Implementation Entity (OBIE), the body set up by the Competition and Markets Authority (CMA) to deliver open banking in the UK, has today announced that over two million customers are now using open banking-enabled products*. This represents a significant upswing in the use of the innovative banking technology despite the disruptive effects […]
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Deals

Announcing Our $25m Fundraise to Open Up Finance

“We’re proud to announce that we’ve secured an additional $25 million investment, under our Series C, with participation from our existing investors. This investment takes the total amount we’ve raised to $72 million and means we can take the next steps on our mission to enable businesses everywhere to benefit from financial technology. TrueLayer makes […]
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Providers

TD enters into North American data-access agreement with Intuit

“TD Bank Group (TD) today announced a new data-access agreement with Intuit, maker of TurboTax, QuickBooks and Mint, which lays the groundwork for customers to request that TD transfers their financial data for services they want to use, including personal financial management apps supported by Intuit. The North American agreement signifies alignment between TD and […]