Nordea switches on its open banking platform

Nordea Open Banking is live — Nordea — “Together with fintechs and other external developers we aim to create new products and services for our customers at a faster pace than we could do by ourselves, while keeping customers firmly in control of what data they wish to expose and which products they wish to use, says Claus Richter, head of cash management solutions at Nordea.”


Starling Bank integrates third party rewards into open banking platform

Starling and Yoyo Wallet: Enabling loyalty with open banking — Starling Bank — “With any other bank, in order to collect loyalty points you would have to manually pay using the Yoyo app using a QR code scanner. However we have created an experience together with Yoyo, using our APIs, which means you don’t need to use any separate apps to pay. You just need to securely connect your Yoyo account to your Starling account from the Yoyo app and allow Yoyo to view your Starling account transactions. You will then be able to collect loyalty points whenever you use your Starling card, Apple Pay or Fitbit Pay at a merchant partner.”


UK government expands open banking project to credit cards, e-wallets and prepaid cards

UK’s Open Banking project expanded — Open Banking — “The OBIE [Open Banking Implementation Entity] has now been asked by the CMA9 and Her Majesty’s Treasury to create open banking standards for all payment account types covered by the European Union’s second Payments Services Directive (PSD2). This means customers using credit cards, e-wallets and prepaid cards will also be able to take advantage of open banking services.”


ABN Amro includes access to Tikkie payments in new developer APIs

ABN Amro launches its developer portal — ABN Amro — “Besides providing APIs that allow commercial clients easy access to their checking accounts, the bank also offers use of building blocks for sending Tikkie payment requests and sending bulk payment orders. This is also part of ABN Amro’s preparations for the European Payment Services Directive 2 (PSD2) laws, which – starting in 2018 – will allow regulated third parties to access the checking accounts of clients that have granted permission.”


HSBC to let customers view accounts from multiple banks in one app

HSBC to let UK customers manage different bank accounts on one screen with new app — CNBC — “Customers can add accounts from up to 21 different banks, including Barclays, Lloyds and Bank of America. When a new account is added, login details for each account are tailored to that bank’s interface… The bank has spent US$2bn globally to work on its digital banking platform.”


Macquarie open banking APIs let customers share transaction data with third parties

Macquarie to give customers data control with new open banking platform — ZDNet — “Information the new platform can share includes personal banking data such as a customer’s transactions and home loan balances, as well as their business and wealth information. It can be plugged into third-party providers like budgeting apps and accounting software, not just competing financial services providers; however, the third-party provider must meet Macquarie’s open platform standards and security criteria before it will turn over the data.”


UK challenger bank unveils open banking marketplace

Starling Bank’s Marketplace goes live — Starling Bank — “The Starling Marketplace is a brand new concept in banking whereby products from other fintech providers — and in the future lifestyle products — can sit within an easily browsed ecosystem all from within the app. These partners integrate with Starling Bank using their Open Banking and PSD2 compliant APIs… Starling is the first bank to have fully open, PSD2-ready APIs that allow collaboration between fintech companies.”



Feed for stories about Open banking.