Round-up of this Week’s Open Banking News

Tribe, an issuer/acquirer processor, has announced the launch of Open Banking APIs in a collaboration with Open Banking Europe. Bank and fintech clients of Tribe will now have access to open banking without needing to develop their own APIs. There are two groups of APIs, one initiating payment requests and one processing a Third Party Provider (TPP) request. 

Online Payment Platform has partnered with ibanXS to access its open banking services across Europe. It can now reach 1,400 European banks, a number which is set to grow. Online Payment Platform is a payment service provider utilised by more than 170 platforms and marketplaces including PayPayl, Kamernet and PostNL. 

Revolut, in partnership with TrueLayer has enabled its German users to access their other bank accounts via its app. This has already been rolled out in Ireland, France and Italy and is powered by open banking. Customers of the large German banks Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse will now be able to use this fast, secure and convenient service. 

The property platform Goodlord is working with Credit Kudos to help it get a better understanding of a tenant’s financial status. Many tenants with irregular financial histories struggle to access rental properties. Credit Kudos, which is powered by open banking, is designed to help fill these data gaps and help landlords get a better picture of a tenant’s financial status.

ThinCats, the alternative business lender has announced a partnership with Salt Edge to improve how it assesses credit applications and monitor’s loans. Since many of its loans are cashflow-backed open banking also helps it to keep track of revenue in real time and see how accurate its cashflow predictions are.