Open banking

ETA Releases Annual Report on Advancing Economic Inclusion--Empowering Underserved Communities with Fintech

Retrieved on: 
Tuesday, February 21, 2023
Online, App Store (iOS/iPadOS), Fintech, Disability, Americans, Open banking, ETA, Annual report, Policy, Internet, Environment, COVID-19, Cryptocurrency, Online shopping, Bank

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

Key Points: 
  • The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.
  • ETA's annual report summarizes the impressive work of our members to increase the number of participants who have access to the modern economy," said Jodie Kelley, CEO of ETA.
  • Advancing Economic Inclusion—Empowering Underserved Communities with Fintech analyzes thirteen key areas of fintech innovation.
  • "As detailed in our white paper, ETA members are delivering financial services to where consumers are headed," said Jodie Kelley, CEO of ETA.

Juniper Research: Open Banking Payments Transactions to Surpass $330 Billion Globally by 2027, as Bill Payments and eCommerce Integrations Drive Adoption

Retrieved on: 
Monday, February 13, 2023
Professional Services, Payments, Technology, Finance, Banking, Digital Cash Management, Digital Assets, Growth, E-commerce, Research, Privacy, Open banking, Online shopping

A new study from Juniper Research has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027; up from $57 billion in 2023.

Key Points: 
  • A new study from Juniper Research has found that global Open Banking payments transaction values will exceed $330 billion globally by 2027; up from $57 billion in 2023.
  • The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027 , predicts that the development of new use cases, such as bill payments via Open Banking, will drive adoption, given Open Banking’s simplicity of use versus alternatives, such as card payments.
  • As bill payments using Open Banking expand outside of the UK, they are expected to account for more than $59 billion globally in transaction values by 2027.
  • Vendors in the Open Banking space must continue to invest in new high-potential Open Banking use cases, such as full integration within eCommerce marketplaces.

TransUnion Announces Investment in Bud to Drive Innovation and Growth in Open Banking

Retrieved on: 
Tuesday, January 31, 2023
TransUnion, NYSE, TRU, Open banking, Employment, Growth, Partnership, Cryptocurrency, Renewable energy, Audit

CHICAGO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) has announced a strategic investment in Bud Financial Limited (Bud), a leader in Open Banking and data intelligence.

Key Points: 
  • CHICAGO, Jan. 31, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) has announced a strategic investment in Bud Financial Limited (Bud), a leader in Open Banking and data intelligence.
  • This dynamic partnership will help drive innovation and growth in the personal finance market and support better outcomes for consumers, with greater financial inclusion.
  • Open Banking plays an increasingly key role in facilitating innovation in the world of personal finance and automated income verification.
  • “This strategic investment marks the start of an exciting new partnership with Bud, combining our global infrastructure and insights expertise with Bud’s end-to-end Open Banking platform.

CSI Banking Priorities Executive Report Reveals Bankers Will Deploy Customer-Centric Features for Retention in 2023

Retrieved on: 
Wednesday, January 18, 2023
Mobile, Wireless, Technology, Finance, Security, Fintech, Banking, Professional Services, Software, Small Business, Internet, Churn, Open banking, Bank, Community, P2P, Science and technology in Asia, Fear, Open, Banking as a service, Health, Outsourcing, Regulation, Bank Secrecy Act, CSI, BSA, Fraud, Mobile backend as a service

Computer Services, Inc. (CSI), a leading provider of end-to-end fintech and regtech solutions, today released its eighth-annual Banking Priorities Executive Report.

Key Points: 
  • Computer Services, Inc. (CSI), a leading provider of end-to-end fintech and regtech solutions, today released its eighth-annual Banking Priorities Executive Report.
  • Community bankers, representing the backbone of the traditional U.S. banking system, made up the bulk of the 228 respondents.
  • Bankers shared their thoughts after a year in which high employee churn persisted and deposits at challenger banks continued to grow .
  • Findings from the 2023 survey also indicate bankers see strengthening customer relationships through digital evolution as imperative.

Benson Porter Joins ASA Board of Directors

Retrieved on: 
Tuesday, January 10, 2023
Professional Services, Data Management, Technology, Software, Finance, Fintech, Banking, Open banking, Benson, Federal Home Loan Banks, Science and technology in Asia, JPMorgan Chase, Partnership, ASA, ABA, BECU, First Tech Credit Union, Movement, Bank, Orig

The company today announced that seasoned financial services executive Benson Porter has joined its board of directors, helping accelerate the collaborative banking movement.

Key Points: 
  • The company today announced that seasoned financial services executive Benson Porter has joined its board of directors, helping accelerate the collaborative banking movement.
  • Porter has over 30 years of experience leading both organic and merger-oriented growth strategies along with implementing effective control structures in high growth scenarios.
  • Prior, Porter served as the surviving CEO following the largest merger-of-equals within the credit union industry between Addison Avenue FCU and First Tech Credit Union.
  • I’m confident Benson will help further that mission," said Landon Glenn, CEO and founder of ASA.

A New UK Tax Returns Assistance Service Launches Sign-Up Campaign for Their New App

Retrieved on: 
Saturday, January 21, 2023
Open banking, API, Tax, Interest, Online shopping

London, United Kingdom--(Newsfile Corp. - January 21, 2023) - UK tax assistance app, Free Tax Returns, has officially announced a sign-up campaign ready for the app release later this year.

Key Points: 
  • London, United Kingdom--(Newsfile Corp. - January 21, 2023) - UK tax assistance app, Free Tax Returns, has officially announced a sign-up campaign ready for the app release later this year.
  • The company is developing a new app that provides a no-cost tax return filing service, providing an easy, convenient and accurate method for tax filing.
  • Powered by modern technologies such as Open Banking and digital banking APIs, the app will automatically process and submit the data needed to process tax returns.
  • "There is no company or individual anywhere in the world offering comprehensive tax services for at no cost.

Finastra survey shows most US financial institutions consider Open Banking essential, with a new focus on shared data and infrastructure

Retrieved on: 
Tuesday, December 6, 2022
Treasury, Nation, Software, Open banking, Commercial, Mobile backend as a service, ESG, Finastra, Research, Digital, Investment, Financial services, Public sector banks in India, Banking as a service, Capital market, Commercial bank, USD, Bank, Renewable energy, Tutoring

Of those who have integrated Open Banking, 100% now say there has been a significant impact to their organization.

Key Points: 
  • Of those who have integrated Open Banking, 100% now say there has been a significant impact to their organization.
  • The ' Financial Services: State of the Nation Survey 2022 ' finds that as more financial institutions understand the business value of Open Banking and the broader context of open finance, many are now moving into a second phase focusing on shared data and infrastructure.
  • Global financial institutions are being prudent with their technology investments with 82% noting constraints caused by the current economic situation.
  • Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017.

Symcor Launches COR.CONNECT Suite of Services to Accelerate Open Banking Readiness for Canadian Banks and Fintechs

Retrieved on: 
Tuesday, December 6, 2022
API, Strategic management, Open, Open banking, Risk management, History, Microsoft, Growth, Azure, Agility, Organization, Risk, Cryptocurrency, Video game console, Toronto-Dominion Bank

TORONTO, Dec. 6, 2022 /CNW/ - Symcor, a leading Canadian business solutions provider, announced the launch of COR.CONNECT , a new suite of Open Banking services.

Key Points: 
  • TORONTO, Dec. 6, 2022 /CNW/ - Symcor, a leading Canadian business solutions provider, announced the launch of COR.CONNECT , a new suite of Open Banking services.
  • "Over the past few years, Symcor has been working actively with stakeholders across the industry to design and launch a comprehensive 'made-in-Canada' Open Banking solution.
  • We are very pleased to extend that expertise to Open Banking by providing scalable and cost-effective services through COR.CONNECT," says Chameli Naraine, President & CEO at Symcor.
  • With a unique combination of agility and proven security protocols, Symcor's COR.CONNECT provides the optimal balance to accelerate and propel Open Banking readiness and adoption within Canada.

Finastra global survey shows evolution of Open Banking and growing appetite for open finance

Retrieved on: 
Tuesday, December 6, 2022
Treasury, Nation, PR, Open banking, Commercial, Mobile backend as a service, ESG, Finastra, Research, Digital, Investment, Financial services, Public sector banks in India, Banking as a service, Growth, Capital market, Commercial bank, USD, Organization, Bank, Tutoring

Almost half (48%) of respondents now consider open finance a 'must have', a notable rise on last year (38%).

Key Points: 
  • Almost half (48%) of respondents now consider open finance a 'must have', a notable rise on last year (38%).
  • Some 85% of professionals agree that open finance is already making the industry more collaborative and is having a positive impact on the industry.
  • It explores the Open Banking and Finance landscape, the technology and initiatives set to make an impact in financial services over the next year, and the growing importance of ESG.
  • "Finastra has always championed open finance as the key to unlocking the potential of people, businesses and communities everywhere," said Simon Paris, Chief Executive Officer at Finastra.

Finastra global survey shows evolution of Open Banking and growing appetite for open finance

Retrieved on: 
Tuesday, December 6, 2022
Treasury, Nation, PR, Open banking, Commercial, Mobile backend as a service, ESG, Finastra, Research, Digital, Investment, Financial services, Public sector banks in India, Banking as a service, Growth, Capital market, Commercial bank, USD, Organization, Bank, Tutoring

Almost half (48%) of respondents now consider open finance a 'must have', a notable rise on last year (38%).

Key Points: 
  • Almost half (48%) of respondents now consider open finance a 'must have', a notable rise on last year (38%).
  • Some 85% of professionals agree that open finance is already making the industry more collaborative and is having a positive impact on the industry.
  • It explores the Open Banking and Finance landscape, the technology and initiatives set to make an impact in financial services over the next year, and the growing importance of ESG.
  • "Finastra has always championed open finance as the key to unlocking the potential of people, businesses and communities everywhere," said Simon Paris, Chief Executive Officer at Finastra.