Payments Ecosystem
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Payments Ecosystem
The Payments ecosystem is evolving at an unprecedented pace driven by mobile, cloud computing, start-up's challenging the behemoths, and new technologies. My personal collection of curated stories and blogs.
Curated by Vineet Anand
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Santander Consumer Bank rolls out new PFM app

Santander Consumer Bank rolls out new PFM app | Payments Ecosystem | Scoop.it
Santander's consumer bank in Norway has released a new PFM app using Open Banking tools from Nordic API Gateway.
Vineet Anand's insight:

Open banking PFM app for Santander and other bank customers in Nordics .. marks the beginning of comparative differentiation of services and fees for customers.

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Santander opens third party marketplace to Raisin

Santander opens third party marketplace to Raisin | Payments Ecosystem | Scoop.it
Santander Spain has opened its API marketplace to its first fintech firm, pan-European savings platform Raisin, enabling customers to register their details with the startup with a simple button press.
Vineet Anand's insight:

Raisin gains access to Santander marketplace for access to information via 'Santander Connect'!

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publishes outcome of high-cost credit review

publishes outcome of high-cost credit review | Payments Ecosystem | Scoop.it
The Financial Conduct Authority (FCA) has announced new proposals designed to protect millions of people who use overdrafts and high-cost credit.
Vineet Anand's insight:

FCA to (likely) introduce requirements by banks to have PFM capabilities to customers thereby creating transparency around overdraft fees, charges, and rent to own costs that impact lives of individuals dependent on such services whilst banks rake in big fees. 

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ING-backed money management app Yolt gets smarter

ING-backed money management app Yolt gets smarter | Payments Ecosystem | Scoop.it
Yolt, the UK money management app backed by Dutch banking giant ING, has added a host of new features, including a money transfer comparison service.
Vineet Anand's insight:

Yolt adds money transfer comparison capabilities!

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SEB and ABN Amro join $10 million round in PFM startup Tink

SEB and ABN Amro join $10 million round in PFM startup Tink | Payments Ecosystem | Scoop.it
Sweden's SEB has contributed $4.2 million to a $10 million funding round in local PFM outfit Tink, making it the fifth-largest shareholder in th
Vineet Anand's insight:

Tink has received $10 million in funding for it PFM application from SEB and ABN Amro. SEB to roll-out this feature as part of it next version release. 

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Finextra news: Santander Innoventures invests $5m in MyCheck

Finextra news: Santander Innoventures invests $5m in MyCheck | Payments Ecosystem | Scoop.it
Finextra: The Israel-based MyCheck is the first major investment to be announced by the Spanish bank's $100 million venture fund.
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Capital One Acquires Budgeting App Level Money

Capital One Acquires Budgeting App Level Money | Payments Ecosystem | Scoop.it
Capital One has acquired San Francisco-based money management app, Level Money, the companies are announcing this morning. The app, which is focused on..
Vineet Anand's insight:

PFM space M&A - Check picked by Mint, and now Level Money by Capital One - buy strategy a great way to expand PFM capability.

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Curated by Vineet Anand
Payment Industry leader passionate about Fintech, Innovation in Banking, Product Management & Strategy, driving revenue growth through client management, business development and P&L focus.