Open banking stories - Page 8

NatWest has selected five UK fintech startups for its new Fintech Growth Programme, offering support and mentorship to advance their innovative payment solutions.

Zero, a sustainable money app and debit card, is now fully launched under e-Money regulations, aiming to empower eco-conscious consumers in the UK.

Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.

Funding for UK FinTech startups dipped 2% to USD $4.9 billion in 2024, marking a five-year low amidst growing regulatory challenges and economic concerns.

Chris Wilson has been appointed Chief Financial Officer at payments platform Ecommpay, bringing a wealth of experience from the music and finance sectors.

Fintech executives foresee 2025 shaped by evolving fraud tactics, AI, open banking regulation, and changing consumer demands in the mortgage market.

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 eCommerce 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.

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

Ecommpay has been shortlisted for the Open Banking Expo Awards, recognising its innovative partnership with Neo Finance in enhancing open banking for merchants.

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

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.

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