Open Banking

Zūm Rails takes in first capital to launch new banking-as-a-service, FedNow offerings

Zūm Rails manages the flow of money by verifying a customer’s identity, linking directly with bank accounts and facilitating payments via the method of the customer’s choosing.

Prometeo raises $13M from PayPal, Samsung and more to bring open banking to Latin America

Open banking — where traditional banks can share data, and build new services, by way of APIs that bring their ageing systems into the 21st century — has seen its biggest traction to date

Fintech startup Finerio secures $6.5M to create open finance ecosystem in Latin America

In the past year, Finerio created an API hub for digital payments, credit and personal finance management, as well as a place for financial institutions to comply with new open banking regulations. 

Open banking led to a fintech boom — as Brite raises $60M, account-to-account payment grows

The move toward open banking payments, especially in the EU, effectively kicked-off the fintech boom. Open banking standards meant that fintech startups could create wallets and effectively become ban

Stitch raises $25M Series A extension led by Ribbit Capital, increasing the round’s total to $46M

Open banking, in which traditional banks release their data via application programming interfaces (APIs) to enable the development of new financial services for their consumers, has been one of the m

Ivy raises $20M to take open-banking payments international

Open banking — where traditional banks open up their data with APIs to build new financial services for their customers — has the potential to be one of the payment world’s big disru

Volt, an open banking fintech for payments and more, raises $60M at a $350M+ valuation

Open banking — where traditional banks enable payments and other new services by way of APIs that give access to financial data previously locked up in their systems — has led to a rush of

Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform

After a slow start in the U.K. and Europe, open banking is catching on with fintechs, which are using APIs to access banking data and rails and using them as an alternative to traditional credit netwo

Link raises $30M to help merchants accept direct bank payments

People are addicted to credit cards — and it’s no wonder, given the lucrative rewards that many of them offer. But for merchants, credit cards tend to be less appealing. That’s becau

Fintecture wants to replace paper checks or manual transfers for B2B payments

Meet Fintecture, a French startup that wants to upgrade B2B payments. While many payment companies have focused on B2C payments with Stripe leading the way, B2B payments haven’t changed much over th

Fintech app Portabl raises $2.5M to help consumers securely store financial data

It provides identity management and protection for financial services, banking and consumer apps.

Bud raises $80M more to expand its AI-based open banking platform, used to power lending tools and more

Embedded finance — where financial services companies and others bring in different kinds of fintech technology by way of APIs to enhance their own offerings with more data and functionality &#8

Token.io raises $40M to expand open banking-based account-to-account payments in Europe

The rise of digital payments has changed the nature of how people do business with each other; and open banking — a movement in banking where incumbents are finally adopting newer technology suc

Yapily to acquire finAPI in open banking consolidation move

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. Wit

Kevin raises $65M as it charges ahead on account-to-account payments over point-of-sale terminals

Payments remains a very fragmented business around the world: depending on where you’re buying or selling something (and whether you are selling online or offline) you will have different &#8220

In the wake of Fast’s collapse, Volume thinks it can crack the payment checkout conundrum

Online payment methods can be expensive for merchants, who have to pay between 2% and 8% of every sale to debit and credit card, e-wallet and BNPL facilitators. Much of this is often passed to consume

Founded by ex-dLocal and AstroPay execs, Datanomik is bringing open banking to LatAm

Cross-border payments platform dLocal is one of the most notable Latin American startups in recent history — the company became Uruguay’s first unicorn in 2020 and went public on the Nasda

Klarna launches new Klarna Kosma division for its open banking platform

Visa surprised the European fintech industry last year when it announced that it would acquire Tink for €1.8 billion ($2.15 billion at the time of the deal). Klarna now wants to compete directly wit

Using data to solve key pain points for today’s banking customers

Vast amounts of information improve banks’ ability to support customers, but financial institutions must know how to use it.

London-based SteadyPay helps freelancers and gig workers stabilize their income

The “gig economy” gave rise to a set of startups focused on meeting the needs of freelance and self-employed workers, from labor marketplaces Upwork and Fiverr to client management tools l
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