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Open banking Stories - Page 16

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Open banking stories

Global banking fraud to hit USD $48bn by 2029, says study
Fintech

Global banking fraud to hit USD $48bn by 2029, says study

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

By Sean Mitchell • 3 min read • Mon, 17th Jun 2024
First AML & Armalytix join forces to elevate AML processes
Fintech

First AML & Armalytix join forces to elevate AML processes

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

By Kaleah Salmon • 3 min read • Thu, 30th May 2024
GoCardless appoints Jolawn Victor as Chief Growth Officer
Fintech

GoCardless appoints Jolawn Victor as Chief Growth Officer

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

By Imee Dequito • 3 min read • Wed, 15th May 2024
Australian mortgage brokers pivot towards Open Banking
Fintech

Australian mortgage brokers pivot towards Open Banking

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

By Sean Mitchell • 3 min read • Thu, 14th Mar 2024

Stories from Other Regions

Open banking stories

Adatree launches Insights to enhance fraud prevention in finance
Fintech

Adatree launches Insights to enhance fraud prevention in finance

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

By Shannon Williams • 3 min read • Thu, 15th Aug 2024
HSBC & Visa unveil Zing money app for global transactions
Fintech

HSBC & Visa unveil Zing money app for global transactions

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.

By Sean Mitchell • 2 min read • Wed, 10th Jul 2024
BigCommerce partners with Ecommpay to enhance payment solutions
Fintech

BigCommerce partners with Ecommpay to enhance payment solutions

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

By Shannon Williams • 2 min read • Wed, 26th Jun 2024
Open Banking in Australia sees rapid growth in consumer adoption
Fintech

Open Banking in Australia sees rapid growth in consumer adoption

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

By Shannon Williams • 3 min read • Tue, 25th Jun 2024
OpenPayd's annual recurring revenue tops GBP £40 million
Digital Transformation

OpenPayd's annual recurring revenue tops GBP £40 million

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

By Melania Watson • 2 min read • Fri, 7th Jun 2024
Trustly reports robust growth with US$58 billion in transactions
Fintech

Trustly reports robust growth with US$58 billion in transactions

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.

By Catherine Knowles • 3 min read • Thu, 30th May 2024
The three trends supporting fintech growth in Australia
Data Analytics

The three trends supporting fintech growth in Australia

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.

By Annexa • 5 min read • Thu, 30th May 2024
Trustly's Azura checkout boosts user spending & conversions
Data Protection

Trustly's Azura checkout boosts user spending & conversions

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

By Catherine Knowles • 3 min read • Fri, 24th May 2024
Australians largely in the dark about Open Banking, Waave study reveals
Fintech

Australians largely in the dark about Open Banking, Waave study reveals

Despite the introduction of Consumer Data Right (CDR) five years ago, 68% of Australians remain unaware of the Open Banking concept, according to a survey by payment tech company, Waave.

By Catherine Knowles • 3 min read • Wed, 1st May 2024
Waave launches biometrically secured Waave Wallet in Australia
Biometrics

Waave launches biometrically secured Waave Wallet in Australia

Waave launches Waave Wallet, a novel payment method using biometric security and real-time account transfer; a move to tackle cyber breaches and reduce Australia's AU$3 billion in annual merchant fees.

By Catherine Knowles • 3 min read • Tue, 23rd Apr 2024
Ozone API partners with Thistle Initiatives for PSD3 compliance readiness
Fintech

Ozone API partners with Thistle Initiatives for PSD3 compliance readiness

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).

By Imee Dequito • 3 min read • Thu, 18th Apr 2024
Westpac & NextGen revolutionise home loan process with Open Banking
Fintech

Westpac & NextGen revolutionise home loan process with Open Banking

Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.

By Sean Mitchell • 2 min read • Thu, 18th Apr 2024
Frollo urges collaboration to improve Australia's Open Banking data quality
Fintech

Frollo urges collaboration to improve Australia's Open Banking data quality

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

By Kaleah Salmon • 3 min read • Wed, 17th Apr 2024
Luke Trayfoot joins Brite Payments as new CCO
Fintech

Luke Trayfoot joins Brite Payments as new CCO

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.

By Imee Dequito • 3 min read • Tue, 16th Apr 2024