Archive for January 2023
TransUnion makes strategic investment in Bud
The new partnership will help TransUnion grow its Open Banking offering and will see TransUnion’s UK CEO join Bud’s board.
Read MoreNew Unbanx app gives consumers ownership of personal banking data
Irish fintech Unbanx has launched a free app that allows consumers to own, control and earn rewards from their personal banking data, using Open Banking.
Read MoreTrueLayer launches automated onboarding product
Signup+ represents “a new generation of use cases for Open Banking”, TrueLayer’s CEO said.
Read MoreMarqeta to acquire fintech Power Finance in $275m deal
Incoming Marqeta CEO Simon Khalaf said Power will “strengthen Marqeta’s platform with a best-in-class tech stack for credit card program management”.
Read MoreWorldline and ING ‘prolong’ partnership in new multi-year agreement
ING has outsourced card issuing processing services to Worldline in several countries.
Read MoreCanadian consumers voice concerns about online privacy
Majority of Canadians hold organisations accountable for the use and storage of data, putting the onus on those businesses to establish trust, a survey by Interac found.
Read MoreTrustly closes acquisition of Ecospend
The deal gives Trustly a foothold in the UK, which is the “largest digital payments market in Europe”, according to Ecospend’s CCO.
Read MorePlaid writes to CFPB with recommendations for consumer data access right
The Consumer Financial Protection Bureau invited stakeholder input last year, as it seeks to strengthen consumers’ access to their financial data.
Read MoreOpen Banking in Australia hampered by ‘data reliability’ and implementation issues
Open Finance Advisors’ report on the Australian Open Banking ecosystem found that banks are “slow” to become Accredited Data Recipients.
Read MoreUK lenders call on government to support better data sharing to help SMEs access funding
In an open letter, signed by lenders including Atom Bank, Funding Circle, Allica Bank, Plaid and Codat, they propose an SME Funding Passport.
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