Payments News

On The Web

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Global

Brazil Postpones Third Phase of Open Banking Roll-out | ZDNet

“The roll-out of the Open Banking in Brazil has been postponed as the third phase of the initiative, due to start today (30) shifted to October 2021. Open Banking – a practice that allows third party financial services firms to access consumer banking, transactional and other data from through, and other data with their consent […]
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Providers

How FDX Standards Are Paving the Way for Open Banking in North America (VB Live)

“Financial institutions and fintechs are increasingly embracing open API standards , which help them connect with customers and deliver innovative services that improve customer financial health and deliver surprise and delight in brand-new ways. But there’s been no official standard framework for APIs in the U.S. — until now, with the establishment of the Financial […]
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Deals

Fintech MX Is Said to Weigh a Sale; May Still Pursue an IPO

“MX Technologies, a fintech start-up that is widely expected to go public, has tapped Goldman Sachs to advise on interest from potential suitors, four people familiar with the situation said.  Companies including large technology and payments providers have made overtures to MX, the people said. One of the interested parties is Fiserv (ticker: FISV), a […]
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Providers

Axway: 52% of Americans Have Never Heard of ‘open Banking’

“52% of Americans have never heard of the term “ open banking ,” and only about half of those actually know what open banking is, according to a new report by Axway . While many in the financial services world know what open banking illustrates and what services it can provide, many others have yet […]
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Global

Customer Data Sharing Under Open Banking Commences in Brazil | ZDNet

“One of the most important phases of the Brazilian open banking project, which involves the sharing of customer registration and transactional data, has gone live today (13), enabling consumers to request their financial information is shared with other institutions. The open banking initiative, introduced by the Central Bank of Brazil in early 2019 , aims […]
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Providers

Santander Commences Roll-Out of CashFlow Manager App in the UK

“Santander UK is reporting the rollout of its CashFlow Manager App in the UK. The App is available for corporate and commercial banking accounts. Utilizing the Open Banking ecosystem in the UK, the app is described as enabling customers to have a single view of multiple balances and transactions across different financial services firms that include […]

On The Wires

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Providers

Finicity Enhances Mortgage Verification Process With ICE Mortgage Technology

“Finicity , a Mastercard company and leading provider of open banking solutions, announced today that it is expanding its one-touch Mortgage Verification Service (MVS) availability within ICE Mortgage Technology TM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure. This integration enables borrowers to permission data quickly […]
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Deals

Plaid Announces Additional Series D Funding | Plaid

“We built Plaid with a simple vision: if we could create a more open and connected financial system, consumers would benefit from more choice, control and oversight over their financial lives. Today, we are excited to announce funding from J.P. Morgan Private Capital Growth Equity Partners and existing investor Amex Ventures as part of our […]
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Providers

Government Welcomes Final Report From Advisory Committee on Open Banking – Canada.ca

“Today, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, welcomed the final report from the Advisory Committee on Open Banking . The report makes recommendations on how to modernize the Canadian financial services sector and implement a secure open banking system that gives Canadian consumers the confidence and convenience they are looking […]
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Providers

NYMBUS Introduces Plaid Partnership

“NYMBUS ®, a leading provider of banking technology solutions, today announced a partnership with Plaid , a data network powering the digital financial ecosystem, to more instantly authenticate and fund customer bank accounts for financial institutions. With this integration, Nymbus bank and credit union clients can securely onboard new users in a matter of seconds, […]