Open banking stories
Cost-of-living pressure is nudging MAS members towards tiny automatic KiwiSaver top-ups as Feijoa rounds up card spending.
New Zealand users can now hold Bitcoin directly as the rebranded platform adds a self-custody wallet, bill payments and recurring buys.
Banks and advisers face a bigger security test as open banking will let more AI tools handle live client data from mid-2026.
Thousands of smaller firms should gain easier access to loan comparisons, payment tools and cashflow apps as banks widen data sharing by 2027.
Banks and fintech groups could classify payments more accurately after the system lifted income detection 48% and cut fee errors.
Merchants will gain a single connection to open banking payments and fraud checks as the two fintechs combine routing data and bank identity tools.
Banks will be able to prompt customers to switch salary payments and bills inside their apps, aiming to boost deposit growth and track uptake.
The funding will help OpenFX expand hiring and infrastructure as it tackles slow, costly cross-border transfers for banks and fintechs.
Juniper Research’s latest study signals growing demand for payment networks that connect more rails, currencies and wallets across fragmented markets.
Wallet use has cemented Asia-Pacific's lead in digital payments, with Hong Kong and Thailand now shifting towards instant bank transfers.
Businesses holding about USD $200 billion in stablecoins can now spend them through Visa and Mastercard cards via one Nium API.
Independent checks on digital identity products will now be carried out by Kantara as the OpenID Foundation expands its conformance programme.
North American banks can now let cardholders manage recurring charges in-app, as rising subscription use fuels demand for clearer controls.
Recurring billing firms could cut costs and failed collections as 73% say card payments still cause persistent operational headaches.
Authenticated AI payments in Singapore and Malaysia could set the standard for cross-border commerce, with banks weighing fraud and consent risks.
Consumers will soon get faster access to deposited funds, while banks face new fraud rules and stablecoins enter a regulated Canadian framework.
SMEs could gain lower fees and fewer failed payments as the firms bring open banking into regular business billing for the first time.
A new domestic player could speed up Vietnam’s payments integration as MobiFone Digital Payments seeks links with banks and NAPAS.
Retail savers will keep FSCS protection as Monument moves up to GBP £250 million of deposits on to the Midnight blockchain.
Sole traders can now earn tax-free interest on instant-access savings as Tide broadens its app beyond business banking.