Companies

Mastercard Open Banking Collaborates With Virgin Money on Account Aggregation

Open Banking Expo

“A new partnership between UK-based Virgin Money and Mastercard will enable the bank’s customers to view their credit card and current account balances and transactions from other banks in one place on the Virgin Money Credit Card app. Mastercard’s Open Banking technology is behind the account aggregation solution, which is designed to make it easier […]

Tags: Mastercard

Companies

Open Banking 2025 Thoughts & Trends

Finicity

“As we head into the new year, we are highlighting a few topics that are top of mind for Mastercard Open Banking, and how we see the Open Banking landscape evolving over the next 12-24 months.”

Tags: Mastercard

Global

OneKey Payments Launches First Pix Using Biometrics for ‘Bets’ in Brazil

Games Brazil

“OneKey is introducing Pix using biometrics in partnership with Belvo, a leader in Open Finance integrations in Latin America, to help companies recover conversion rates and cost-benefits that may have been impacted by the new regulations. This is the first technology that allows payments via open banking using facial recognition, offering a safer, faster and […]

Tags: Brazil

Global

Canadians Divided on ‘Appeal’ of Pay by Bank, Says Payments Canada

Open Banking Expo

A study by Payments Canada has found that Pay by Bank “appeals” to fewer than one-third of Canadians, with its appeal increasing among newcomers to the country and gig workers.

Tags: Canada

Companies

Open Banking 2025 Thoughts & Trends

Finicity

“As we head into the new year, we are highlighting a few topics that are top of mind for Mastercard Open Banking, and how we see the Open Banking landscape evolving over the next 12-24 months.”

Tags: Mastercard

Companies

ACI Worldwide Extends Fintech Partnership Ecosystem to Fight APP Fraud in Europe and the UK

Business Wire

“ACI Worldwide has announced the extension of its fintech partnership ecosystem through an alliance with Banfico, a leading fintech specializing in regulatory technology, global account verification and Open Banking solutions.”

Tags: ACI Worldwide

Global Regulation

Payments Canada Opens Public Consultation on Expansion of Membership

Open Banking Expo

“Payments Canada membership eligibility is set to expand to include payment service providers, as defined in the Retail Payment Activities Act, that perform retail payment activities; credit union locals that are members of a central or a cooperative credit association; and finally, to clearing houses of designated clearing and settlement systems.”

Tags: Canada

Companies

Yapily Inks Deal to Power Adyen European Merchant Services With Open Banking Technology

Retail Technology Innovation Hub

“Open Banking platform, Yapily, has agreed on a partnership with Adyen. It will use the features to “streamline onboarding and strengthen account verification, giving merchants across Europe a more seamless, secure experience.  Additional Open Banking driven services, including creditworthiness assessments for loan decisions and beyond will be explored.”

Tags: Adyen Yapily

Global

UK’s Payment Systems Regulator Commits to Work on VRPS in Strategy Review

Open Banking Expo

“The UK’s Payment Systems Regulator (PSR) has committed to working closely with the Financial Conduct Authority (FCA) to take forward work on the overall framework for commercial Open Banking payments, focusing on the initial phase of Variable Recurring Payments (VRPs), over the next two years.”

Tags: UK

Companies

Square partners with Salt Edge to offer open banking capabilities to UK-based SMEs

Salt Edge

“Square has partnered with Salt Edge, a leading open banking platform, to help streamline and simplify payment operations for sellers in the UK.”

Tags: Square

Global

UK Open Banking Turns Seven – Industry Reaction

Electronic Payments International

“There are now over 11.7 million active users of open banking-enabled products in the UK and 2025 is set to be a pivotal year for the industry, with the passing of key legislation.”

Tags: UK

Companies

Truelayer Partners With Ryanair

Yahoo Finance

“TrueLayer, one of Europe’s largest open banking payments network has formed a partnership with Ryanair, Europe’s largest airline group. This collaboration is now live and represents a major milestone for both companies.”

Tags: TrueLayer

Regulation

CFPB Approves Application from Financial Data Exchange to Issue Standards for Open Banking

Consumer Financial Protection Bureau

“The Consumer Financial Protection Bureau (CFPB) issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.”

Tags: CFPB

Companies

Regions Bank to Integrate Axway’s Open Banking Solution

Open Banking Expo

“US-based Regions Bank has chosen data integration company Axway’s Open Banking solution ‘Amplify’, to offer customers enhanced data privacy and security. By adopting the Axway solution, Regions Bank’s consumer banking, corporate banking and wealth management customers will no longer have to rely on screen-scraping, which is a “credential-based process”.”

Tags: Regions Bank

Global

Ghana’s Central Bank Releases Draft Open Banking Directive

Open Banking Expo

“Ghana’s central bank, the Bank of Ghana, has issued a draft Open Banking Directive with the aim to “accelerate the adoption of digital financial services” and “improve the overall functioning” of the country’s payments and financial ecosystem.”

Tags: Ghana