Mastercard expands open banking reach in Europe with acquisition of a new specialized platform, the third in two years

Mastercard today announced it has entered into an agreement to acquire Aiia, an European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play.. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP) and operates under the supervision of the Danish Financial Supervisory Authority […]

New aproach for a wider and faster uptake – Open Banking data fees to incentivise banks, especially large ones

Business banking platform Tide has accused the UK’s banks of dragging their feet on Open Banking, arguing for the introduction of data fees to incentivise the sector to promote wider uptake, according to Finextra. In a submission to the Competition and Markets Authority review into governance arrangement for the new entity to take over from the Open Banking Implementation Entity (OBIE), Tide proposes removing the block on charging to access data […]