The financial services landscape is undergoing a significant transformation with the advent of open banking and its progression towards open finance. These innovations promise to enhance interoperability, customer experience, and financial inclusivity on a global scale. As of January 2024, figures
As we inch closer to 2025, the payments industry is set to undergo significant transformations, driven largely by consumer preferences and advancements in technology. A recent survey conducted by payabl has shed light on the dramatic shifts in the payment landscape, emphasizing the increasing
Lean Technologies, a prominent fintech infrastructure provider based in Riyadh, has recently secured a substantial US$67.5 million in Series B funding. This impressive financial feat was led by General Catalyst, significantly boosting Lean's total funding to over US$100 million. The primary
Trustly, an innovator in open banking payments since 2008, has taken a significant step in its ambitious growth trajectory by appointing Henrik Wallström as its Chief Technology Officer (CTO) for European operations. With this strategic decision, Trustly aims to further solidify its position and
Open Banking represents a significant transformation in the financial services sector. It involves the regulated and secure sharing of financial information between banks and third-party providers, facilitated by customer consent. The aim is to foster innovation, improve competition, and create
Open Finance is revolutionizing the financial services landscape, creating unprecedented opportunities for growth and inclusivity. This transformative shift leverages technological advancements and collaborative ecosystems to introduce new financial products and services, enhance sustainability,
