Your Weekly Round-Up of Open Banking News

The data aggregator Envestnet | Yodlee is working with Australia’s first ‘smartbank’ 86 400 to create products which help customers achieve better financial health. 86 400’s customers will now be able to view all their accounts from different banks in one place, making it easier for them to get an overview of their finances. 

The open banking platform Fabrick has partnered with Nets to create a new payments ecosystem. New and existing clients will benefit from this partnership including Slovenia-based payment processing company Bankart which will use the infrastructure to connect with 15 banks and create solutions for merchants as well as additional services. 

DBS, backed by artificial intelligence, is launching SGFinDex to help retail customers, no matter what they earn, improve their financial health. It’s the world’s first public-private open banking project, the goal of which is to make the bank’s financial planning product DBS NAV Planner available to everyone in Singapore. It will be accessible to customers and non-customers.

Payoneer has announced a partnership with TrueLayer to offer open banking services to its clients in the UK and Europe. Their launch is based on an analysis of Payoneer’s US clients, 60% of which were making cardless payments. Customers in the UK and Europe will now have lower fees, faster transactions and direct settlement of funds within 24 hours.