Open banking stories - Page 9

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.

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

Trustly's Azura checkout technology has transformed consumer payment habits across Europe, boosting spending, frequency, transaction speed, and conversion rates.

GoCardless has appointed Jolawn Victor as Chief Growth Officer, leveraging her vast experience in tech and growth marketing to support its global expansion.

Global open banking leader, Ozone API, has formed a strategic partnership with Thistle Initiatives to help financial institutions achieve compliance with the forthcoming Third Payment Services Directive (PSD3).

Luke Trayfoot, former PayPal and MangoPay executive, takes on role as Chief Commercial Officer at Brite Payments, heading the effort to expand their real-time bank-to-bank payment solutions across Europe.

Australian mortgage broking industry pivots towards Open Banking, with the number of brokers using NextGen's solution tripling, amid potential legislative changes.

PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.

Banking without borders is pivotal for 40% of UK adults considering relocation abroad amid concerns about financial difficulties.

Liz Oakes, former Mastercard executive and payments industry veteran, joins the board of Mangopay, the payment infrastructure provider, as Non-Executive Director, as the firm embarks on a growth phase across Europe.

Volopa partners with Open Banking API provider, Yapily, aiming to simplify the payment process for finance teams through seamless connectivity using innovative open banking technology.

Bristol's Moneyhub is ranked among the top 100 'most promising' fintech start-ups globally for 2023 by CBInsights.

The Fintech and Payments Advisory Network (TFPA) has hired a new CEO, COO and Executive Chair to lead its growth journey.

By incorporating open banking with a customer-centric approach, the payment landscape is rapidly transforming, forcing businesses to adapt or get left behind.

Brite Payments appoints Alexander Kassai as COO & Fredrik Strmqvist as CFO fueling rapid growth in the open banking fintech sector. #BritePayments.

DECTA has appointed industry veteran Scott Dawson to ramp up its strategy for UK growth and expand its regulated payment services.

Open Banking has matured into an innovative payments solution enabling merchants to drive conversion, reward loyalty and improve the customer experience.

Cyber threats directed towards financial services has grown rapidly, driven by digital transformation and regulation such as open banking.

Finsure has partnered with Frollo and NextGen to use Open Banking data as part of the loan application process.