Weekly Round-Up of Open Banking News

Yougov, which provides data analytics has announced the acquisition of startup Lean App to enable the introduction of open banking powered services. Aspects of financial data, such as amounts and timing of purchases will help Yougov to improve its product offering in both the UK and the US. The earn-out will take three years and will see Lean App’s founders join the Yougov team.

Manchester-based fintech AccessPay has announced the launch of a corporate treasury solution which is enabled by open banking technology provided by Yapily. AccessPay users can now aggregate all of their corporate banking accounts in one place and access financial data in real-time without having to download reports.

Banca Sella and Workinvoice are partnering to create new, corporate digital financial services. Through the collaboration, the bank’s corporate customers will be able to finance their working capital via seamless, flexible solutions. Medium-sized companies will also have access to these products.

Credit Karma has selected Bud’s open banking solution to enable its UK members to search for more suitable financial products and make better choices when it comes to money. The platform aggregates transaction data and offers users insights which will ultimaltely help them get more personalised services.

Curve has chosen Credit Kudos as its open banking provider for its upcoming Curve Credit product. Curve Credit provides loans for purchases with flexible repayment options spread over three, six or nine months. Open banking technology means a customer’s affordability levels can be assessed more easily and quickly.

Nexi is partnering with Fiskl, a mobile platform for small businesses. Through the collaboration, Nexi’s partner banks will be able to offer their corporate small business clients a range of open banking-powered services. More accurate data means they can provide more customised services and a better overall experience for their clients.

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