In episode eight of PitchIt: the fintech startups podcast we talk with Railz Co-Founder & CEO Sohaib Zahid. Small business...
At an event held by the CFPB banks, fintechs, regulators and consumer advocates discussed the data sharing experience; screen scraping...
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
European deposit marketplace Raisin has passed $6mn in brokered savings deposits; deposits grew by more than $3.5mn in 2017 and they saw their international customer base grow by 20 percent; the company acquired PBF Solutions, passed 100,000 customers, added 12 new partner banks and received more than $49mn in interest income last year; “We are pleased to be able to offer savers throughout Europe an attractive alternative.” said Tamaz Georgadze, CEO and founding member, to AltFi. Source.
Mastercard announced the launch of their Account Opening solution at Fintech Nexus USA 2023, streamlining verification and reducing fraud.
Portugal based BNI Europa has formed a partnership with German software firm NDGIT to expand their open banking offering across...
This American Banker op-ed on open banking discusses the progress that has been made in Europe, particularly the U.K., and...
There is still too much friction involved in switching bank accounts. But a new tool from Atomic called PayLink is addressing this friction by making it easy for users to move their recurring payments.
The OCC released data sharing guidelines that have been met with mixed reviews, especially amongst fintechs and data aggregators; “I...
Lend Academy answers the question: Where does the UK stand after more than two months since the introduction of open banking? Source