Mastercard said today that is acquiring Finicity, a leader in real-time access to financial data, for $825 million; there is...
WeChat recently started to offer users access to mutual funds, just another service they were able to add to the platform; the open platform based approach where you can plug in different services through an API is where financial services is headed; while those in Europe and the US might not be as advanced as China they know innovation like this is coming; “It really shows incumbents that they’ll need yet again to pivot to a new platform; that it’s not the bank that’s the platform anymore,” April Rudin, chief executive of wealth management marketing firm The Rudin Group, tells TearSheet; message based financial advice is the next natural step for clients who have transformed the way they interact in recent years from the phone call to the text message or chat service. Source.
Open Banking has been one of the most talked about topics in fintech over the past couple of years. In...
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It’s gonna get worse before it gets better. With what we see with increasing prices because of the tariffs and...
The OCC released data sharing guidelines that have been met with mixed reviews, especially amongst fintechs and data aggregators; “I...
The western world is becoming cashless, but this carries a billion pound cost for merchants. Could open banking be the answer?
Monzo has added the first batch of partnerships to their marketplace by striking deals with digital wealth investment accounts and online lenders; companies include Scalable Capital, Wealthify, Wealthsimple, WiseAlpha, Zopa, Bricklane.com and Octopus Choice; Monzo will not be making a commission from any of these agreements; the company has also opened up an interim third-party API to comply with open banking regulations. Source.
According to cybersecurity company BioCatch, new market trends such as faster payments and open banking are introducing new security threats to corporate...
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
A new study released by Accenture says bankers now have high expectations for Open Banking as half of those surveyed...