Open banking stories - Page 6

Yavrio, a fintech firm in London, has raised USD $2.4 million in seed funding to transform ERP systems by eliminating error-prone CSV file imports.

Chris Wilson has been appointed Chief Financial Officer at payments platform Ecommpay, bringing a wealth of experience from the music and finance sectors.

The Asia-Pacific region is experiencing a payment revolution, with realtime transactions surging to 185.8 billion in 2023, reshaping financial interactions.

Fintech executives foresee 2025 shaped by evolving fraud tactics, AI, open banking regulation, and changing consumer demands in the mortgage market.

Quadient forecasts that by 2025, blockchain will revolutionise finance teams, enhancing transaction accuracy and transparency in a challenging skills landscape.

Aryza Group has bolstered its collaboration with GoCardless to enhance global payment solutions, set to integrate advanced technologies by 2025.

GitHub's latest Octoverse report reveals AI's transformative impact, with Python becoming the leading programming language and a 98% rise in generative AI projects.

Alexandra Chiaramonti has been appointed Managing Director of GoCardless's international operations to drive global growth, particularly in APAC regions.

Pronto Software has launched Pronto Xi 780, an ERP solution update featuring improved user experience, operational efficiency, and advanced security measures.

Generative AI is revolutionising banking in Australia and New Zealand, with 79% of banks progressing beyond initial adoption stages to enhance operations.

Capgemini Research predicts instant payments will hit 22% of non-cash transactions by 2028, driven by digital wallets, P2P and eCommerce growth.

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

GoCardless and ICE InsureTech collaborate to streamline bank payment collections for insurance firms in Australia and New Zealand, enhancing efficiency and reducing costs.

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

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

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.

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

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

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.

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.