Mambu has launched a digital marketplace to offer cloud based apps, products and tools for banking; the company will allow for integrations to be done locally or globally; Ben Goldin, Mambu’s head of product and technology, tells Banking Technology, “the marketplace provides an opportunity to present their offerings to institutions and influencers with the Mambu engine powering a composable architecture”; current partners include Onfido, Form3, nCino, Avoka and Experian. Source.
Card payment fees have been a long-standing issue for businesses. Pay by bank could be a solution. Plaid joins Adyen to make it possible.
A new study released by Accenture says bankers now have high expectations for Open Banking as half of those surveyed...
As Europe moves to open banking the US begins testing principles of data sharing between banks and fintechs. Source
In episode eight of PitchIt: the fintech startups podcast we talk with Railz Co-Founder & CEO Sohaib Zahid. Small business...
With the advent of open banking ING says they see themselves more as an intermediary within a financial services marketplace;...
Revolut has launched their open API for customers and they have increased their Revolut for Business service; Banking Technology reports that the company said “account owners can generate sandbox and production keys, and set whitelisted IPs as an “extra layer of security”; accounts allow users to send, hold and exchange up to 25 different currencies. Source.
The Open Banking Implementation Entity or OBIE chose regtech firm Contego to support OBIE’s identity proofing and verification processes; Nigel Spencer, head of support services at OBIE, tells Banking Technology that Contego delivered a “bespoke solution that combines automated identity checks with the added security of face-to-face verification” and this made the firm “the obvious choice”.; the company can customize their solution and deliver in real time via API. Source.
BBVA recently announced a banking platform in the U.S. complete with a full suite of products; business clients can gain...
Skinner shares some of the headlines by mainstream media as Open Banking officially launched in the UK; many were negative and included how consumers should fear the changes; not surprisingly the fintech community are strong advocates of Open Banking; Skinner shares his perspective on these two sides battling, the mainstream banks and mainstream media, and the fintech community and more niche media. Source