Open banking stories

Accept Cards has launched Accept Cash, an innovative solution for SMEs enabling same-day cash deposits amid rising bank branch closures in the UK.

GitHub's latest Octoverse report reveals AI's transformative impact, with Python becoming the leading programming language and a 98% rise in generative AI projects.

Yaspa and ASK Global are teaming up to integrate open banking into PINTO machines across the UK, enhancing cashless payment options for customers.

Alexandra Chiaramonti has been appointed Managing Director of GoCardless's international operations to drive global growth, particularly in APAC regions.

Pronto Software has launched Pronto Xi 780, an ERP solution update featuring improved user experience, operational efficiency, and advanced security measures.

Generative AI is revolutionising banking in Australia and New Zealand, with 79% of banks progressing beyond initial adoption stages to enhance operations.

Capgemini Research predicts instant payments will hit 22% of non-cash transactions by 2028, driven by digital wallets, P2P and e-commerce growth.

Ecommpay has been shortlisted for the Open Banking Expo Awards in the Best Industry Partnership category for its work with Neo Finance. The winners will be announced on 15 October 2024.

Paynetics teams up with open banking platform tell.money to launch a new Confirmation of Payee service, enhancing security and compliance for its customers.

New Zealand's fintech Debut is set to become the first locally-owned bank tailored for AI and open banking, aiming to dismantle financial barriers.

Adatree launches 'Insights' product suite to boost fraud prevention and operational efficiency, leveraging Open Banking.

GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.

HSBC and Visa launch Zing, a money app enabling users to manage multi-currency funds and transact globally in over 200 countries, leveraging cutting-edge fintech.

Ecommpay partners with BigCommerce to deliver advanced payment solutions across the UK and EMEA, minimising costs and boosting efficiency for merchants.

The fourth edition of FinTech Australia's Open Banking Ecosystem Map shows a 165% rise in Consumer Data Right adoption, supported by Mastercard.

Bank fraud is projected to reach USD $48 billion globally by 2029, a 153% surge, driven by evolving AI tactics, says Juniper Research.

OpenPayd doubles growth for the second year, hitting over GBP £40 million ARR, as embedded finance adoption surges. CEO Dimitrova eyes new milestones.

Trustly’s 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.

Australia’s fintech sector, powered by innovation, technology, and government backing, has surged from AUD $250 million in 2015 to AUD $45 billion in 2023.

First AML has partnered with Open Banking tech platform Armalytix to boost Source of Funds and Source of Wealth capabilities for large conveyancing firms.