Open banking stories

Quadient forecasts that by 2025, blockchain will revolutionise finance teams, enhancing transaction accuracy and transparency in a challenging skills landscape.

Blink Payment has launched a partnership with Zedonk, enabling over 1,000 fashion brands in 45 countries to streamline B2B payment processes.

Ecommpay is urging e-commerce merchants to enhance checkout processes ahead of the festive season, with conversion rates averaging just 58%.

Aryza Group has bolstered its collaboration with GoCardless to enhance global payment solutions, set to integrate advanced technologies by 2025.

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.