Open banking stories - Page 2

New York fintech Spade raises USD $40 million in Series B funding led by Oak HC/FT to expand its real-time payments data intelligence tools.

Solana unveils an API-based developer platform for banks and payment firms, backed by Mastercard, Worldpay and Western Union pilots.

Mobile money transactions topped USD $2 trillion in 2025 as global use surged, led by Sub-Saharan Africa but with growth across all regions.

Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.

Austrian startup TACEO unveils encrypted shared network to run finance, identity and AI workloads without exposing sensitive data.

OpenID Foundation names four partners to deliver new independent conformance testing for fast-growing digital identity schemes from 2026.

Circles partners with Airwallex to plug embedded banking into CirclesX, letting telcos launch financial services across more than 70 markets.

Circles.Life rolls out Zerofy Cashback Card in Singapore, touting instant, uncapped rewards on global spend via Airwallex and Visa.

nCino adds Argyle-powered tool to automate document income checks in its mortgage platform, targeting lenders when data feeds fall short.

Plaid and Perplexity debut Portfolio, an AI tool that links brokerage accounts for personalised, conversational investment insights.

Stake raises USD $8m and buys UMoveFree and Lighthouse to build an AI-driven renter network spanning search, leasing, rewards and banking.

Temenos wins Microsoft AI Cloud partner status for its Azure-native core banking SaaS, boosting co-sell options and bank modernisation plans.

Bank standards body BIAN unveils Service Landscape 14.0, aligning with ISO 20022 and adding AI-focused domains for banks' modernisation push.

SoFi and Mastercard will use SoFiUSD stablecoin for card settlement worldwide, targeting faster payments, remittances and B2B transfers.

Robinhood launches a family finance hub, custodial and trust accounts, plus an invite-only platinum card with elite cashback rewards.

Fast-growing fintech Mercury seeks a US national bank charter to hold deposits and lend directly after scaling to 200,000 business customers.

Women in fintech say inclusion tech is advancing faster than culture, warning against hollow celebration while pushing for real structural change.

Senior women across fintech, private equity and cyber call for faster gender parity, urging sponsorship, structural change and bold hiring.

Women in tech mark International Women's Day by urging systemic fixes to finance, culture and leadership, saying quotas alone fall short.

Autonomous AI 'agentic customers' will upend banking, FICO warns, reshaping pricing, risk and customer ties as USD $3tn value beckons.