Open Source/ API – FinTech Ranking https://fintechranking.com All You Should Know About Fintech Sun, 23 Apr 2023 03:59:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.15 https://fintechranking.com/wp-content/uploads/2020/03/ftr_favicon2.ico Open Source/ API – FinTech Ranking https://fintechranking.com 32 32 96937361 Britain seeks to boost banking services from fintechs https://fintechranking.com/2023/04/17/britain-seeks-to-boost-banking-services-from-fintechs/?utm_source=rss&utm_medium=rss&utm_campaign=britain-seeks-to-boost-banking-services-from-fintechs Tue, 18 Apr 2023 03:51:00 +0000 http://fintechranking.com/?p=26837 Britain’s financial regulators said on Monday they would set up a new body over the

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]]> Britain’s financial regulators said on Monday they would set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms.

Open banking refers to third-party firms using banking data from customers at mainstream lenders to offer tailored services such as lending or payments, a sector that has helped to turn Britain’s fintech sector into the world’s third largest with 2,500 companies.

Read more: Reuters

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]]> 26837 Monzo joins forces with Plaid to open access for US customers https://fintechranking.com/2023/04/13/monzo-joins-forces-with-plaid-to-open-access-for-us-customers/?utm_source=rss&utm_medium=rss&utm_campaign=monzo-joins-forces-with-plaid-to-open-access-for-us-customers Thu, 13 Apr 2023 20:35:00 +0000 http://fintechranking.com/?p=26808 Monzo customers in the US will now be able to connect their accounts to more than

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]]> Monzo customers in the US will now be able to connect their accounts to more than 8000 fintech apps through Plaid’s network.

With the integration, customers can link their Monzo accounts to big US finance apps like Venmo and Robinhood.

The digital bank entered the US last February after abandoning its attempt to secure a bank licence in 2021.

Read more: AltFi

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]]> 26808 Open banking regulation in Nigeria is now approved by the CBN https://fintechranking.com/2023/03/08/open-banking-regulation-in-nigeria-is-now-approved-by-the-cbn/?utm_source=rss&utm_medium=rss&utm_campaign=open-banking-regulation-in-nigeria-is-now-approved-by-the-cbn Thu, 09 Mar 2023 03:06:00 +0000 http://fintechranking.com/?p=26608 The Central Bank of Nigeria has approved the operational guidelines to open banking in Nigeria kickstarting an

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]]> The Central Bank of Nigeria has approved the operational guidelines to open banking in Nigeria kickstarting an open banking regime in Nigeria. The guideline was released via a circular by Musa Jimoh, the Director of the CBN’s Payments System Management Department on March 7, 2023.  

The open banking regulation would usher in a transformation time for financial innovation and financial inclusion in Nigeria and Africa as a whole.

Read more: Open Banking

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]]> 26608 Open Banking Firm Salt Edge brings its solutions to Jordan https://fintechranking.com/2023/01/17/open-banking-firm-salt-edge-brings-its-solutions-to-jordan/?utm_source=rss&utm_medium=rss&utm_campaign=open-banking-firm-salt-edge-brings-its-solutions-to-jordan Tue, 17 Jan 2023 00:53:00 +0000 http://fintechranking.com/?p=26251 Salt Edge has announced its expansion to a new market – the Hashemite Kingdom of

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]]> Salt Edge has announced its expansion to a new market – the Hashemite Kingdom of Jordan. The company’s goal is to assist Jordanian banks and other local financial institutions in offering innovative solutions, contributing to the Kingdom’s efforts toward a digital future through Open Banking and supporting “new modern concepts in financial services models” of the region.

Amidst the growing popularity of Open Banking and Open Finance in GCC countries, Salt Edge unveils Open Banking solutions on the Jordanian market to help financial institutions assist their customers in sharing their financial and banking data with third parties using API technology and become Open Banking compliant in one month.

The Central Bank of Jordan (CBJ) is convinced that Open Finance is crucial for innovation and competition to flourish in the Kingdom and is the key element of an inclusive and digital economy. Therefore, as of December 2022, the CBJ took an important step toward this goal by issuing the Open Finance Framework that all banks operating in the region must act in accordance with. As per the new instructions, local banks, and electronic money institutions are mandated to allow authorised third parties (TPPs) open and secure access to accounts and customer data through an application programming interface (API). Within this framework, institutions must develop the technology necessary to become regulatory compliant by the end of 2023.

Read more: Salt Edge

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]]> 26251 Plaid launches crypto wallet as first web3 product https://fintechranking.com/2022/10/21/plaid-launches-crypto-wallet-as-first-web3-product/?utm_source=rss&utm_medium=rss&utm_campaign=plaid-launches-crypto-wallet-as-first-web3-product Fri, 21 Oct 2022 14:31:42 +0000 http://fintechranking.com/?p=25963 Plaid is branching out into the world of web3 for the first time with the release

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]]> Plaid is branching out into the world of web3 for the first time with the release of its first crypto product – a wallet connector.

The “Wallet Onboard” tool will allow developers to onboard consumers through a “seamless wallet linking experience” with web3.

Developers will be able to enable connectivity to more than 300 self-custody crypto wallets, according to Plaid, all with one integration.

Read more: AltFi

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]]> 25963 Curve and TrueLayer partner to create flexible recurring payment options https://fintechranking.com/2022/06/09/curve-and-truelayer-partner-to-create-flexible-recurring-payment-options/?utm_source=rss&utm_medium=rss&utm_campaign=curve-and-truelayer-partner-to-create-flexible-recurring-payment-options Thu, 09 Jun 2022 07:54:51 +0000 http://fintechranking.com/?p=25439 TrueLayer announced its collaboration with Curve, giving Curve customers more control and flexibility over their finances. Curve

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]]> TrueLayer announced its collaboration with Curve, giving Curve customers more control and flexibility over their finances. Curve represents the next generation of financial apps where customers enjoy the convenience of keeping all their cards and accounts in one smart digital wallet to manage their finance and gain insights on their financial lives, empowering them to make better financial decisions, save money on fees, earn rewards and even flex any transaction into instalment from any of their accounts. As part of its mission to empower customers to financial freedom and further enhance the Curve experience is collaborating with TrueLayer to deliver instant bank payments and recurring payments to its Curve ecosystem.

Read more: IBS Intelligence

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]]> 25439 Open Banking Provider Tink Partners with Revolut https://fintechranking.com/2022/06/07/open-banking-provider-tink-partners-with-revolut/?utm_source=rss&utm_medium=rss&utm_campaign=open-banking-provider-tink-partners-with-revolut Tue, 07 Jun 2022 14:52:58 +0000 http://fintechranking.com/?p=25421 Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank.

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]]> Open banking platform Tink has signed a strategic partnership for open banking technology with Revolut, a popular neobank.

Tink’s payment initiation services (PIS) technology is expected to allow Revolut users across Europe to easily move money into their Revolut accounts. PIS enables users to connect to the bank account they want to move money from, and instantaneously authorize and complete the payment without leaving the Revolut app.

Read more: Crowdfund Insider

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]]> 25421 Plaid expands into identity and income verification, fraud prevention and account funding https://fintechranking.com/2022/05/18/plaid-expands-into-identity-and-income-verification-fraud-prevention-and-account-funding/?utm_source=rss&utm_medium=rss&utm_campaign=plaid-expands-into-identity-and-income-verification-fraud-prevention-and-account-funding Wed, 18 May 2022 19:56:00 +0000 http://fintechranking.com/?p=25347 Fintech decacorn Plaid is expanding beyond its core product of account linking — its first major expansion

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]]> Fintech decacorn Plaid is expanding beyond its core product of account linking — its first major expansion since its 2013 inception.

In conjunction with its “Plaid Forum” event, the startup today unveiled a number of “product enhancements and new initiatives,” which include moving into identity and income verification, fraud prevention and providing new tools for account funding and disbursements.

Read more: TechCrunch

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]]> 25347 Yapily to acquire finAPI in open banking consolidation move https://fintechranking.com/2022/05/11/yapily-to-acquire-finapi-in-open-banking-consolidation-move/?utm_source=rss&utm_medium=rss&utm_campaign=yapily-to-acquire-finapi-in-open-banking-consolidation-move Wed, 11 May 2022 17:56:00 +0000 http://fintechranking.com/?p=25303 Fintech startup Yapily is announcing that it plans to acquire finAPI — the transaction is subject to regulatory approvals

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]]> Fintech startup Yapily is announcing that it plans to acquire finAPI — the transaction is subject to regulatory approvals before it closes. Both companies offer open banking solutions in Europe.

With this move, Yapily is consolidating its position in Europe and growing its business in Germany, more specifically. The terms of the deal are undisclosed, but the company says it is a “multimillion-euro” transaction.

Read more: TechCrunch

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]]> 25303 Current Launches Platform API; Collaborates with Plaid https://fintechranking.com/2022/05/10/current-launches-platform-api-collaborates-with-plaid/?utm_source=rss&utm_medium=rss&utm_campaign=current-launches-platform-api-collaborates-with-plaid Tue, 10 May 2022 17:11:00 +0000 http://fintechranking.com/?p=25325 Current, a leading U.S. financial technology platform serving Americans working to create a better future

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]]> Current, a leading U.S. financial technology platform serving Americans working to create a better future for themselves, today announced the launch of its platform API, built to facilitate seamless integrations and embedded banking experiences. Plaid, the API-first data network powering the digital financial ecosystem, is the first-ever partner and will provide Current members access to a credential-less open finance experience.

Current’s platform API enables other fintechs to build embedded experiences, making this a groundbreaking integration that opens the door for countless additional opportunities. As the first partner to integrate, Plaid will provide Current’s nearly four million members expanded access to innovative digital financial tools and solutions to help them manage their money seamlessly, securely and provide them access to more experiences that can improve their financial outcomes.

Read more: PRNewswire

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