Open banking stories
Capgemini report: instant payments to hit 22% by 2028
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fintech
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cryptocurrency
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blockchain
Capgemini Research predicts instant payments will hit 22% of non-cash transactions by 2028, driven by digital wallets, P2P and e-commerce growth.
Ecommpay shortlisted for Open Banking Expo Awards nomination
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fintech
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api
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london
Ecommpay has been shortlisted for the Open Banking Expo Awards in the Best Industry Partnership category for its work with Neo Finance. The winners will be announced on 15 October 2024.
Paynetics teams up with tell.money to launch CoP service
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fintech
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cloud services
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open banking
Paynetics teams up with open banking platform tell.money to launch a new Confirmation of Payee service, enhancing security and compliance for its customers.
New Zealand fintech Debut eyes first local AI-based open bank
Wed, 28th Aug 2024
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fintech
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ai
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payment technologies
New Zealand's fintech Debut is set to become the first locally-owned bank tailored for AI and open banking, aiming to dismantle financial barriers.
Adatree launches Insights to enhance fraud prevention in finance
Thu, 15th Aug 2024
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fintech
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cx
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martech
Adatree launches 'Insights' product suite to boost fraud prevention and operational efficiency, leveraging Open Banking.
GoCardless & ICE InsureTech partner to streamline payments
Wed, 17th Jul 2024
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payment technologies
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fintech
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insurance
GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.
HSBC & Visa unveil Zing money app for global transactions
Wed, 10th Jul 2024
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martech
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fintech
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commerce systems
HSBC and Visa launch Zing, a money app enabling users to manage multi-currency funds and transact globally in over 200 countries, leveraging cutting-edge fintech.
BigCommerce partners with Ecommpay to enhance payment solutions
Wed, 26th Jun 2024
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fintech
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martech
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commerce systems
Ecommpay partners with BigCommerce to deliver advanced payment solutions across the UK and EMEA, minimising costs and boosting efficiency for merchants.
Open Banking in Australia sees rapid growth in consumer adoption
Tue, 25th Jun 2024
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fintech
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martech
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commerce systems
The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.
Global banking fraud to hit USD $48bn by 2029, says study
Mon, 17th Jun 2024
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fintech
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martech
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commerce systems
Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.
OpenPayd's annual recurring revenue tops GBP £40 million
Fri, 7th Jun 2024
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fintech
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cx
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digital transformation
OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.
Trustly reports robust growth with US$58 billion in transactions
Thu, 30th May 2024
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fintech
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m&a
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blackrock
Trustly’s 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.
The three trends supporting fintech growth in Australia
Thu, 30th May 2024
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smartphones
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data analytics
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fintech
Australia’s fintech sector, powered by innovation, technology, and government backing, has surged from AUD $250 million in 2015 to AUD $45 billion in 2023.
First AML & Armalytix join forces to elevate AML processes
Thu, 30th May 2024
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fintech
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risk & compliance
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aml
First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.
Trustly's Azura checkout boosts user spending & conversions
Fri, 24th May 2024
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data protection
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fintech
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ecommerce
Trustly's Azura checkout technology has transformed consumer payment habits across Europe, boosting spending, frequency, transaction speed, and conversion rates.
GoCardless appoints Jolawn Victor as Chief Growth Officer
Wed, 15th May 2024
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fintech
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intuit
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b2b
GoCardless has appointed Jolawn Victor as Chief Growth Officer, leveraging her vast experience in tech and growth marketing to support its global expansion.
Australians largely in the dark about Open Banking, Waave study reveals
Wed, 1st May 2024
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fintech
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financial systems
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payment technologies
Despite the introduction of Consumer Data Right (CDR) five years ago, 68% of Australians remain unaware of the Open Banking concept, according to a survey by payment tech company, Waave.
Waave launches biometrically secured Waave Wallet in Australia
Tue, 23rd Apr 2024
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biometrics
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fintech
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cybersecurity
Waave launches Waave Wallet, a novel payment method using biometric security and real-time account transfer; a move to tackle cyber breaches and reduce Australia's AU$3 billion in annual merchant fees.
Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
Thu, 18th Apr 2024
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fintech
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risk & compliance
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open data
Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).
Westpac & NextGen revolutionise home loan process with Open Banking
Thu, 18th Apr 2024
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cx
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fintech
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martech
Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.