Payments Ecosystem
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by Vineet Anand
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Visa To Acquire European Open Banking Platform Tink | Business Wire

Visa To Acquire European Open Banking Platform Tink | Business Wire | Payments Ecosystem | Scoop.it
Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial instituti
Vineet Anand's insight:

Tink for European Open Banking will be a great asset in the PSD2 environment given the fallout over the Plaid acquisition by DoJ. Great move by Al to drive innovation in open banking space!

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Santander Consumer Bank rolls out new PFM app

Santander Consumer Bank rolls out new PFM app | Payments Ecosystem | Scoop.it
Santander's consumer bank in Norway has released a new PFM app using Open Banking tools from Nordic API Gateway.
Vineet Anand's insight:

Open banking PFM app for Santander and other bank customers in Nordics .. marks the beginning of comparative differentiation of services and fees for customers.

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Plaid beta tests payroll authentication tech

Plaid beta tests payroll authentication tech | Payments Ecosystem | Scoop.it
Plaid is launching an income verification product, streamling the application for consumer loans by bringing payroll data into the Open Banking ecosystem.
Vineet Anand's insight:

Plaid Income to drive up access to permission data for use cases like loan application!

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AmEx and PayPal invest in Codat

AmEx and PayPal invest in Codat | Payments Ecosystem | Scoop.it
Codat, the API-based platform for business data, has received strategic investments from PayPal Ventures and American Express Ventures.
Vineet Anand's insight:

Codat API's get big backing for its small business API connecting to terminals, account software

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Atom signs Open Banking deal with Plaid

Atom signs Open Banking deal with Plaid | Payments Ecosystem | Scoop.it
Atom Bank has signed a deal with Plaid to introduce Open Banking and payment initiation services to small business customers.
Vineet Anand's insight:

Partnership to engage Plaid in driving secured small business lending process of underwriting for PPP equivalent and other loans. Atom is leverage the payment initiation capabilities of Plaid too. 

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Plaid to make it easier to switch banks with deposit switch feature

Plaid to make it easier to switch banks with deposit switch feature | Payments Ecosystem | Scoop.it
More financial platforms exist than ever before to help consumers take control of their financial health.
Vineet Anand's insight:

Deposit switch a feature that will extend to other use cases for the underbanked 

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US bank coalition takes ownership of data sharing firm Akoya

US bank coalition takes ownership of data sharing firm Akoya | Payments Ecosystem | Scoop.it
Fidelity Investments is to spin off its API-based data sharing startup Akoya as an independent entity that will be jointly owned by Fidelity, The Clearing House Payments Co. and eleven of its member banks.
Vineet Anand's insight:

Akoya to be spun off from Fidelity for API data sharing with ownership of Akoya by 13 members. 

PSD2 version in the US ... is coming soon! As bank account holders you have the right to determine who can access the information and permit transactions! 

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Token to build connectivity hub for Mastercard Open Banking push

Token to build connectivity hub for Mastercard Open Banking push | Payments Ecosystem | Scoop.it
Mastercard has selected Token.io to provide the connectivity layer of its forthcoming Open Banking hub, which will connect merchants, retailers and other regulated third parties to financial institutions in Europe for data and payment transactions.
Vineet Anand's insight:

Open banking hub to use Token for connecting start-ups with banks! 

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Santander opens third party marketplace to Raisin

Santander opens third party marketplace to Raisin | Payments Ecosystem | Scoop.it
Santander Spain has opened its API marketplace to its first fintech firm, pan-European savings platform Raisin, enabling customers to register their details with the startup with a simple button press.
Vineet Anand's insight:

Raisin gains access to Santander marketplace for access to information via 'Santander Connect'!

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TrueLayer launches Open Banking-based payments API

TrueLayer launches Open Banking-based payments API | Payments Ecosystem | Scoop.it
TrueLayer has launched an Open Banking and PSD2-based payments API, giving businesses and consumers an alternative to card payments and bank transfers.
Vineet Anand's insight:

PSD2 payment initiation API launched by TrueLayer! 

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Clearcover car insurance raises $43M in Series B funding

Clearcover car insurance raises $43M in Series B funding | Payments Ecosystem | Scoop.it
Technology start-up plans for state expansion, product enhancements and new partnerships
Vineet Anand's insight:

Clearcover Insurtech raises $43 million in B funding! 

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Cross River Bank Partners With Stripe To Power The Marketplace Economy With Push-To-Card Payments

Cross River Bank Partners With Stripe To Power The Marketplace Economy With Push-To-Card Payments | Payments Ecosystem | Scoop.it
FORT LEE, N.J., Jan. 9, 2019 /PRNewswire/ -- Cross River Bank, a fast-growing provider of banking services for financial technology companies, toda
Vineet Anand's insight:

Stripe partners with Cross River to deliver debit push payments API for gig economy workers. Push to card payments will lead to addressing the largest concerns from workers in freelance jobs, ride sharing, food delivery to have immediate access to funds rather than the week long delay across half of the gig economy workers. 

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Elements, Stripe’s new check-out toolkit, aims to boost e-commerce sales completions

Elements, Stripe’s new check-out toolkit, aims to boost e-commerce sales completions | Payments Ecosystem | Scoop.it
Stripe, the payments startup is now valued at $9 billion, is today taking the wraps off its latest effort to help its customers -- which now number in the..
Vineet Anand's insight:

Checkout toolkit from Stripe called Elements; quite a journey for Stripe adding Radar and Atlas offerings to bring greater value to it customers while acquiring new business. 

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Oracle Introduces Digital Innovation Platform for Open Banking

Oracle Introduces Digital Innovation Platform for Open Banking | Payments Ecosystem | Scoop.it
SAN FRANCISCO, Oct. 2, 2017 /PRNewswire/ -- Oracle Introduces Digital Innovation Platform for Open Banking. Enables Faster Integration and Monetizatio
Vineet Anand's insight:

Open Banking PaaS offering from Oracle with a catalog of open API' launched

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Macquarie takes on Australia's Big Four with open banking portal

Macquarie takes on Australia's Big Four with open banking portal | Payments Ecosystem | Scoop.it
Macquarie Bank has stolen a march on Australia's Big Four by releasing an open banking platform for customers to transfer data to approved third part
Vineet Anand's insight:

Macquarie Bank launches DevXchange allowing customers to securely connect their personal data with 3rd party providers. PSD2 coming to life in Oz! The platform providers an open developer platform and sandbox.

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CMA issues final order on Open Banking

CMA issues final order on Open Banking | Payments Ecosystem | Scoop.it
The UK's largest nine banks have been given a year to develop and adopt an Open Banking API interface for customer data sharing in a final order b
Vineet Anand's insight:

Open Banking API interfaces to be developed and ready within a year - CMA orders UK's largest banks

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Wells Fargo inks data sharing agreement with Intuit

Wells Fargo inks data sharing agreement with Intuit | Payments Ecosystem | Scoop.it
Wells Fargo has followed Chase in signing a data-exchange deal with Intuit, enabling its customers to use an API to import account information t
Vineet Anand's insight:

Wells opens secure API's to Intuit similar to Xero last year. PSD2 elements overflow from UK as some US banks embrace sharing for customer information for meeting a certain level of customer experience. 

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Citi unveils global API developer hub

Citi unveils global API developer hub | Payments Ecosystem | Scoop.it
Citi has become the latest financial services giant to open up its technology and architecture to third parties through the launch of a global AP
Vineet Anand's insight:

Developer sandbox / developer hub launched by Citi to expose API's for next generation product and services to be delivered via partners to Citi end consumers. MC, Virgin Money, and other partners have been working with API's currently. 

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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.