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Tag: open banking


Banking Tech, Mobile Banking

American Fintech Council Identifies Hurdles in CFPB Open Banking Proposal

January 3, 2024

Via: The Fintech Times

The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. It has stated that it aims to finalise the rule in 2024, formally establishing consumers’ right to control and securely share their financial […]


Paytech, Wholesale

EPI aligns with EC to broaden instant payments support

March 29, 2023

Via: ThePaypers

EPI Company has expressed its support for the European Commission’s proposed legislation on instant payments, which aligns with the Commission’s Retail Payments Strategy. The proposed regulation would make instant payments available to all European citizens, including individuals and businesses/merchants, on […]


Invest tech, RegTech

CMA warns HSBC about inaccurate Open Banking information

January 23, 2023

Via: ThePaypers

Multinational banking group HSBC has received an official warning from UK’s Competition and Markets Authority (CMA) regarding failures in providing the correct information about the Open Banking processes. According to the UK’s Competition and Markets Authority (CMA), the bank published […]


Paytech, Wholesale

Smartpay Capitalises on Japan’s Open Banking Ecosystem with Smartpay Bank Direct

January 4, 2023

Via: The Fintech Times

What is Smartpay? Smartpay was founded in June 2021 by seasoned industry professionals who had previously held leadership roles in Instagram, Standard Chartered Bank, Facebook, Stripe, Adyen and Mastercard across the Asia Pacific, and Middle East, and North Africa (MENA) […]


Paytech, Wholesale

What New Zealand can learn about open banking from countries already doing it

January 2, 2023

Via: Fintech News

Traditional banks in New Zealand have long served as gatekeepers of customers’ data. This is about to change with the arrival of what’s called “open banking”, set to arrive in New Zealand by 2024. In essence, open banking is where […]


Editorial

Is BaaS The Future of Finance? Industry Outlook and Insights

November 30, 2022

Via: Isabella Carter

Digital transformation is democratizing data across all industries, enabling richer features, greater transparency, and a better customer experience. As new technologies allow fintech and other companies to access legacy systems, Banking-as-a-Service (BaaS) solutions have emerged as an important component of […]