Open banking stories

Virtual Spotter makes US its biggest market as lean direct debit model cuts gym admin by 65 hours and AUD $1.4k a month per client.

FDATA names Sumsub policy lead Kat Cloud to its board, signalling a sharper focus on identity, fraud and security in North American open finance.

Yaspa appoints payments veteran Justin Fraser as Chief Revenue Officer to drive global growth of its open banking and AI payments platform.

Ecommpay has been named in the CNBC/Statista Top 150 UK FinTechs, highlighting London’s enduring strength as a global payments hub.

Mastercard taps Peter Schmeichel to front a UK push for tokenised Click to Pay checkouts, aiming to end manual card entry by 2030.

Banks are shifting from product sellers to trusted digital infrastructure, fusing AI, mobile, embedded finance, identity and digital currencies.

Yaspa joins UNLV’s new AiR Hub as a founding member, aiming to harness AI and open banking data to bolster safer, more responsible gambling.

Airwallex launches an AI assistant in its web app, promising to simplify onboarding and day-to-day finance tasks for multi-currency businesses.

Revolut passes 1m Australian customers and vows nearly AUD $400m investment, stepping up its challenge to local digital banking rivals.

Bank ABC shifts ila Bank onto Temenos core on AWS in Bahrain, kicking off a wider cloud-led core banking transformation programme.

AI fintech Cleo stages UK comeback with a waitlisted app, betting its chatty budgeting assistant can ease mounting money anxiety.

New Zealand startup Dashr has launched an Open Banking-based dashboard letting households see all their cash and investments in one place.

Dext debuts Payments, letting UK Xero users pay suppliers and expenses inside its platform after a beta that processed GBP £800,000.

Revolut launches a unified merchant payments suite in Australia, tying in‑person, online and A2A payments directly to its business accounts.

YouLend partners with Intuit to embed fast SME funding of GBP £1,000-£2m directly inside QuickBooks as a new UK Capital Marketplace.

Adyen and Boston Consulting Group warn fragmented banking is sapping treasurers’ time and cash visibility, urging consolidation of providers.

Affirm secures an exclusive multi-year deal to power Expedia’s US instalment travel payments, with a Canadian rollout to follow on select stays.

HSBC UK and Sage unveil in-app tax tool for sole traders and landlords as Making Tax Digital for Income Tax rules loom from April.

Mastercard launches BIN Sponsor Plus in the UK, accrediting card sponsors to give fintechs a vetted route into issuing and payments at scale.

Ecommpay warns shoppers now have zero tolerance for checkout friction, with failed payments driving cart abandonment and lost revenue.