Trustly, the global payments platform for digital account-to-account (A2A) transactions announced the closing of the acquisition of UK-based open banking payments platform Ecospend, following FCA approval. Trustly and Ecospend together featured connectivity with over 80 banks and a consumer reach ...
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Ghanaian and Nigerian Central Bank Open Respective Regulatory Sandbox Application Processes – Fintech Bitcoin News
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The Ghanaian and Nigerian central banks have invited financial innovators that wish to be included in their respective regulatory sandboxes to submit applications. The Bank of Ghana said its sandbox will also support innovations that attempt to solve the financial ...
Marion King Takes Over Open Banking Role From Charlotte Crosswell
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The Open Banking Implementation Entity (OBIE) has appointed Marion King as its new chair and trustee. She succeeds Charlotte Crosswell who steps down at the end of this month. The Competition and Markets Authority (CMA) set up OBIE in 2016 ...
Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization – Economics Bitcoin News
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After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs ...
Dutch Fintech iBilly Realises Importance of Open Banking With Klarna Kosma Partnership
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Organisations, like customers, must make sure they are spending within their budgets. Excessive spending can be disastrous while underspending can lead to falling behind competition. With this in mind, Klarna Kosma, Klarna’s financial technology platform for banks, fintechs and innovative ...
Cryptocurrency Exchanges Still Fighting Private Banks for Right to Open Bank Accounts in Chile – Regulation Bitcoin News
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The conflict between banks and cryptocurrency exchanges in Chile is still developing, as some banks are reticent to serve this kind of institution. A new report prepared by exchanges reports that most of these banks refuse to include crypto companies ...
Digital Current Accounts Adopted by Axis Bank Following OPEN Partnership
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Axis Bank, India’s third largest private sector bank has partnered with the digital banking enterprise, OPEN, to provide a fully native digital current account journey for its customers. This includes SMEs, freelancers, homepreneurs, influencers and more. This partnership offers the ...
Saudi Central Bank Establishes Open Banking Lab
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The Saudi Central Bank (SAMA) has launched an ‘open banking lab’, in line with its Open Banking Framework issued in November 2022. SAMA’s open banking lab aims to foster innovation and accelerate the development of open banking services across Saudi ...
Smartpay Capitalises on Japan’s Open Banking Ecosystem with Smartpay Bank Direct
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A Japanese digital consumer finance service that allows customers to pay for online installment purchases straight from their bank accounts has been launched by Smartpay. The service, called Smartpay Bank Direct, emphasises user security while delivering convenience for the consumer. ...
Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert – Bitcoin News
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Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the ...