PYMNTS-MonitorEdge-May-2024

Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

B2B Platforms Need Flexible Payment Infrastructure to Scale
B2B Platforms Need Flexible Payment Infrastructure to Scale
April 06, 2023  |  Payment Methods

The platform economy accounts for over two-thirds of eCommerce transactions, but according to Romain Mazeries, CEO at FinTech firm Mangopay, solutions that tackle the complex...

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UK Retailers Reimagine Cashback to Keep Gen Zs Engaged
UK Retailers Reimagine Cashback to Keep Gen Zs Engaged
April 04, 2023  |  Payments Innovation

Brands typically struggle to engage two key audiences: affluent consumers who are cash rich, time poor, and Gen Zs, who have a short attention span...

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UK-Based Open Banking Firm Bud Financial Expands to US
UK-Based Open Banking Firm Bud Financial Expands to US
March 29, 2023  |  Digital Banking

Bud Financial  has expanded into the United States. The U.K.-based provider of open banking and transactional data intelligence has already made key hires as it...

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Open Payments Raises $3.2 Million for B2B Open Banking
Open Payments Raises $3.2 Million for B2B Open Banking
March 29, 2023  |  B2B Payments

Swedish open banking platform Open Payments plans to scale after raising $3.2 million. The growth round, as reported Wednesday (March 29) by EU Startups, will...

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Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
March 29, 2023  |  Fraud Prevention

The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking,...

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Tink Teams With ConTe.it Prestiti to Improve Instant Lending
Tink Teams With ConTe.it Prestiti to Improve Instant Lending
March 21, 2023  |  Loans

Tink has joined forces with Italian FinTech ConTe.it Prestiti to streamline loan applications. According to a Tuesday (March 21) news release, ConTe.it Prestiti has embedded...

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For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
March 15, 2023  |  Regulation

There are no guarantees in life, except for insuring bank deposits up to $250,000. Or maybe more. In just about a week, three banks have...

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Helios Investment Partners Reportedly Offering Stake in Crown Agents Bank
Helios Investment Partners Reportedly Offering Stake in Crown Agents Bank
March 15, 2023  |  Digital-First Banking

A stake in Crown Agents Bank may be up for sale. Private equity investor Helios Investment Partners is working to sell a stake in the provider of cross-border payments,...

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Treasury Prime Launches Multibank Network to Diversify FinTech Banking Risk
Treasury Prime Launches Multibank Network to Diversify FinTech Banking Risk
March 15, 2023  |  Digital-First Banking

If the past week has taught us anything, it’s not to put all your eggs in one banking basket. That’s especially true for FinTechs and...

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