Open Banking - Next Money

Fintechs explode in Spain, led by “unstoppable” neobanks

Over 300 fintechs are now operational in Spain. The firms are providing an increasingly wide variety of services that include proposals for managing family finances, comparing mortgages and all kinds…

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2 min

Railsbank to emulate Apple’s iTunes as its announces Industry step change

Railsbank hopes to do for the financial services industry what Apple’s iTunes did for the music industry. At the recent Singapore Fintech Festival the company, which has its Asian hub…

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1 min

Global open banking market to rocket

The value of the global banking is set to rocket said a new report. Valued at $7.29bn in 2018, it is expected to reach $43.15bn by 2026, growing at a…

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2 min

Use of investment and banking apps surge during Covid-19

The use of investment and banking apps has surged, with Covid-19 accelerating the already exponential growth of fintech apps in 2020 A new report revealed that average sessions in investment…

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3 min

First appathon created to propel open banking launches

The first appathon created to propel open banking into the broader domain of open finance has been launched. An initiative from Finastra, Open Banking Excellence, Railsbank and Yolt, the event is…

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1 min

And through to the next round is….MAS doesn’t reveal chosen ones bidding for electronic banking licence

The Monetary Authority of Singapore (MAS) today announced that 14 lucky contenders for an electronic banking licence are through to the next round. Seven of the 21 applications were booted…

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1 min

ByteDance targets bank licence says source

Competition for one of the five electronic bank licences to be issued by the Monetary Authority of Singapore is hotting up with news that Chinese tech company ByteDance, which owns…

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2 min

Neobank Tonik Raises $21M Series And Plans Launch

Tonik Financial, the first neobank in the Philippines, has closed a $21m round of Series A equity funding. The round was led by VC investors Sequoia India and Point72 Ventures, with help from…

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2 min

Philippine consumers More comfortable opening bank accounts with smartphones

Filipinos prefer to open a bank account on their smartphone. So says a new study from the FICO Consumer Digital Banking Survey which looked at the preferences Filipino consumers when…

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1 min

Huawei and Sunline digitizes the Bank Yudha Bhakti

Huawei and Sunline are working together to digitize the Bank Yudha Bhakti (BYB) in Indonesia. BYB was acquired by Akulaku, the largest fintech in Southeast Asia. It has over seven…

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