Weekly Round-Up of Open Banking News

Agitate, a UK-based fintech has announced a new solution called BOPP which is designed to end card fraud. The open banking-enabled app allows instant card-less payments to be made with low transaction fees. Payment requests can be sent via multiple communication platforms including SMS, email, WhatsApp or a QR code. 

Indonesia-based fintech startup Brick has secured a second seed round of funding. Their solution enables technology companies to view the financial data of their users, as well as to incorporate identity verification. Its partnerships with the seven largest banks in Indonesia give it a 90% coverage of bank accounts. Brick aims to help with financial inclusion.

The Austria-based fintech NumberX is launching a payment card enabled by open banking. The solution is app-based and has a monthly subscription fee. The card is designed to give freedom, flexibility and transparency and to fill a gap amongst the younger digitally oriented generation. Additional features are planned for it in the future. 

Cloudentity has partnered with Okta to support open banking services with Dynamic Authorization powered by artificial intelligence (AI), as well as identity governance. Cloudentity’s solution will connect to Okta’s Consumer Identity and Access Management (CIAM) platform and will cater to the needs of multiple industries including finance and healthcare. 

Pay iO’s articles do not constitute financial advice and are for information only.