Open banking stories
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New Zealand fintech Debut eyes first local AI-based open bank
Last week
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fintechs
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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.
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Adatree launches Insights to enhance fraud prevention in finance
Last month
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fintechs
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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.
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GoCardless & ICE InsureTech partner to streamline payments
Wed, 17th Jul 2024
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payment technologies
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fintechs
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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.
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HSBC & Visa unveil Zing money app for global transactions
Wed, 10th Jul 2024
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martech
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fintechs
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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.
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BigCommerce partners with Ecommpay to enhance payment solutions
Wed, 26th Jun 2024
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fintechs
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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.
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Open Banking in Australia sees rapid growth in consumer adoption
Tue, 25th Jun 2024
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fintechs
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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.
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Global banking fraud to hit USD $48bn by 2029, says study
Mon, 17th Jun 2024
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fintechs
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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.
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OpenPayd's annual recurring revenue tops GBP £40 million
Fri, 7th Jun 2024
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fintechs
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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.
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Trustly reports robust growth with US$58 billion in transactions
Thu, 30th May 2024
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fintechs
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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.
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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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fintechs
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.
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First AML & Armalytix join forces to elevate AML processes
Thu, 30th May 2024
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fintechs
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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.
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Trustly's Azura checkout boosts user spending & conversions
Fri, 24th May 2024
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data protection
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fintechs
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spending
Trustly's Azura checkout technology has transformed consumer payment habits across Europe, boosting spending, frequency, transaction speed, and conversion rates.
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GoCardless appoints Jolawn Victor as Chief Growth Officer
Wed, 15th May 2024
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fintechs
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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.
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Australians largely in the dark about Open Banking, Waave study reveals
Wed, 1st May 2024
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fintechs
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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.
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Waave launches biometrically secured Waave Wallet in Australia
Tue, 23rd Apr 2024
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biometrics
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fintechs
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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.
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Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
Thu, 18th Apr 2024
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fintechs
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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).
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Westpac & NextGen revolutionise home loan process with Open Banking
Thu, 18th Apr 2024
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cx
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fintechs
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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.
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Frollo urges collaboration to improve Australia's Open Banking data quality
Wed, 17th Apr 2024
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fintechs
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accc
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westpac
Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.
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Luke Trayfoot joins Brite Payments as new CCO
Tue, 16th Apr 2024
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fintechs
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martech
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commerce systems
Luke Trayfoot, former PayPal and MangoPay executive, takes on role as Chief Commercial Officer at Brite Payments, heading the effort to expand their real-time bank-to-bank payment solutions across Europe.
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Australian mortgage brokers pivot towards Open Banking
Thu, 14th Mar 2024
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fintechs
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digital age
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cloud services
Australian mortgage broking industry pivots towards Open Banking, with the number of brokers using NextGen's solution tripling, amid potential legislative changes.