Open Banking
Zūm Rails manages the flow of money by verifying a customer’s identity, linking directly with bank accounts and facilitating payments via the method of the customer’s choosing.
Open banking — where traditional banks can share data, and build new services, by way of APIs that bring their ageing systems into the 21st century — has seen its…
In the past year, Finerio created an API hub for digital payments, credit and personal finance management, as well as a place for financial institutions to comply with new open…
Open banking led to a fintech boom — as Brite raises $60M, account-to-account payment grows
The move toward open banking payments, especially in the EU, effectively kicked-off the fintech boom. Open banking standards meant that fintech startups could create wallets and effectively become banks, or…
Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M
Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the development of new financial services for their consumers, has been one of the…
Open banking — where traditional banks open up their data with APIs to build new financial services for their customers — has the potential to be one of the payment…
Open banking — where traditional banks enable payments and other new services by way of APIs that give access to financial data previously locked up in their systems — has…
Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform
After a slow start in the U.K. and Europe, open banking is catching on with fintechs, which are using APIs to access banking data and rails and using them as…
People are addicted to credit cards — and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards tend to be less appealing.…
Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much…
It provides identity management and protection for financial services, banking and consumer apps.
Bud raises $80M more to expand its AI-based open banking platform, used to power lending tools and more
Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality…
The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents are finally adopting…
Fintech startup Yapily is announcing that it plans to acquire finAPI — the transaction is subject to regulatory approvals before it closes. Both companies offer open banking solutions in Europe.…
Kevin raises $65M as it charges ahead on account-to-account payments over point-of-sale terminals
Payments remains a very fragmented business around the world: depending on where you’re buying or selling something (and whether you are selling online or offline) you will have different “standard”…
Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, e-wallet and BNPL facilitators. Much of…
Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the…
Visa surprised the European fintech industry last year when it announced that it would acquire Tink for €1.8 billion ($2.15 billion at the time of the deal). Klarna now wants…
Vast amounts of information improve banks’ ability to support customers, but financial institutions must know how to use it.
The “gig economy” gave rise to a set of startups focused on meeting the needs of freelance and self-employed workers, from labor marketplaces Upwork and Fiverr to client management tools…
Featured Article
Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds
In a country where many people are still unbanked, and queuing to pay bills is part of daily life, the impact of being able to pay anyone instantly can’t be understated.
Brankas, an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B. The funding was led by Insignia Ventures Partners, with participation…
Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from venture capitalists,…
According to a 2019 report by Deloitte, about 80% of South Africans have a bank account but only 24% of them make more than three transactions monthly. Unlike other African…
Based in Hong Kong, Finverse’s ambitious goal is to enable open banking throughout the Asia-Pacific region. The startup recently came out of stealth mode with $1.8 million in seed funding…
Earlier this month, Citibanamex — Mexico’s second-largest bank — announced that it is building new APIs to allow fintech companies real-time access to information like its services and ATM locations.
There’s no one-size-fits-all solution, but having a better understanding of how BaaS providers position themselves between banks and fintechs can help potential customers determine which model is best for them.
Heartcore Capital, one of the few VCs to focus on consumer technology, has raised a $200 million early-stage fund for those kinds of startups across Europe. Heartcore IV, the firm’s…
Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. On the heels…
TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks
Open banking — a disruptive technology that seeks to bypass the dominance of card networks and other traditional financial rails by letting banks open their systems directly to developers (and…
