Latest news with #OpenFinance
Finextra
19 hours ago
- Business
- Finextra
The Future of Open Finance: Impacts of New Regulation, Use Cases, & Business Models
Simos Eacott, Head of Payments, NatWest, speaks at EBAday 2025 in Paris about the the future of Open Finance and the impacts of new regulation, use cases, and business models. We hear how much the switch to an expanded open finance ecosystem will enable growth, and whether the industry is prepared for the potential changes.
Finextra
3 days ago
- Business
- Finextra
Zimpler becomes Certified Payment Institution in Brazil
Zimpler, a leading Swedish company in Pay-by-bank solutions, has become a certified Payment Institution (PI) in Brazil, authorized by the Central Bank. 0 Now Zimpler is allowed to facilitate payments and other Open Finance ecosystem resources, streamlining the checkout process and reducing friction by allowing direct transactions without redirecting users to bank apps. This movement solidifies Zimpler's plans and structure in Brazil. 'We are thrilled to receive this authorization from the Brazilian Central Bank. The recognition of Zimpler as a payment initiator reinforces our commitment to this local market, which offers a great opportunity for growth and value in a very dynamic and competitive environment', says Johan Strand, CEO of Zimpler. The authorization, which also allows Zimpler to act as an electronic money institution, strengthens the Open Finance ecosystem in Brazil, one of the most advanced in the world and which now welcomes the leading payments fintech from Sweden. Businesses looking to thrive in the country can now benefit from the Zimpler's seamless payment experience, giving them a competitive edge in a dynamic and fast-moving market. 'This milestone showcases the strength of Swedish innovation and the mutual benefits that come from closer economic collaboration between Sweden and Brazil,' said Andreas Rentner, Trade Commissioner and Country Manager of Business Sweden in Brazil. 'Sweden has long been a leader in financial technology, and we are proud to see companies like Zimpler bring their experience and trusted solutions to contribute to Brazil's dynamic digital economy.' The Brazilian Open Finance ecosystem has more than 64 million active consents and more than 42 million clients, according to the Open Finance Brasil website. As one of the most innovative markets, it keeps attracting leading fintechs from all over the world. One of them is Zimpler, which has recently become the first payment initiator for Swish, the Swedish equivalent of Pix, revolutionizing Sweden's financial ecosystem and turning the company into one of Europe's leading payments fintechs. 'With our experience powering over 80% of Sweden's population through Swish, we're bringing the same proven technology and approach to Brazil through Pix, one of the most successful real-time payment systems in the world. We're looking forward to helping businesses unlock the full potential of Open Finance in Brazil with seamless, secure payments that drive market growth', Strand added. The authorization by the Central Bank is another step in strengthening Zimpler's foundation in Brazil, following the opening of its São Paulo office in 2022. The company remains focused on expanding its footprint and deepening its partnerships across key verticals such as iGaming, where it sees strong growth potential.
Fintech News ME
13-05-2025
- Business
- Fintech News ME
NymCard Secures UAE License to Offer Open Finance Services
NymCard, an embedded finance platform based in Dubai, has been officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. With this development, NymCard is among the first entities in the UAE to offer regulated payment functionality within a broader financial infrastructure through a modular platform. Omar Onsi, CEO of NymCard, said: 'Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences.' NymCard's approach differs from providers focused only on connectivity. Instead, it offers complete financial products through a single integration. The platform is designed to support a range of sectors, including fintech firms, small and micro businesses, banks, and marketplaces that aim to embed regulated financial features into their services. Ihsan Alhayek, SVP of Open Finance at NymCard, said: 'We're enabling real-world payment use cases through secure, consent-driven A2A flows, giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework.'
Finextra
12-05-2025
- Business
- Finextra
NymCard securesOpen Finance license in UAE
NymCard, the MENA region's leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform. Omar Onsi, CEO of NymCard, said: "Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences." Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration. This positions NymCard to serve a broad range of sectors including fintechs, SMEs, micro-SMEs, banks, and marketplaces looking to embed regulated financial capabilities into their user journeys. Ihsan Alhayek, SVP – Open Finance at NymCard, added: "We're enabling real-world payment use cases through secure, consent-driven A2A flows—giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework." This announcement follows NymCard's recent $33M Series B funding round led by QED Investors, and further strengthens its position as the region's most comprehensive embedded finance provider.
Zawya
12-05-2025
- Business
- Zawya
NymCard launches Open Finance services under CBUAE Open Finance Regulation
UAE – NymCard, the MENA region's leading embedded finance platform, today announced that it is now officially licensed to provide Open Finance services under the Central Bank of the UAE's Open Finance regulation. With this milestone, NymCard becomes one of the first entities in the UAE to embed regulated payment functionality within a broader financial infrastructure through one modular platform. Omar Onsi, CEO of NymCard, said: "Open Finance is a pivotal shift in how financial products are built and delivered. This milestone reflects our commitment to advancing the UAE's financial ecosystem by delivering impactful financial experiences." Unlike providers focused solely on connectivity, NymCard provides complete financial products through a single integration. This positions NymCard to serve a broad range of sectors including fintechs, SMEs, micro-SMEs, banks, and marketplaces looking to embed regulated financial capabilities into their user journeys. Ihsan Alhayek, SVP – Open Finance at NymCard, added: "We're enabling real-world payment use cases through secure, consent-driven A2A flows—giving consumers more choice and merchants a faster, more cost-efficient alternative. It's a major step toward building a more open and accessible payment landscape within a fully regulated framework." This announcement follows NymCard's recent $33M Series B funding round led by QED Investors, and further strengthens its position as the region's most comprehensive embedded finance provider. About NymCard NymCard is the only embedded finance platform operating across 10+ MENA markets with direct scheme access (Visa, Mastercard) and full-stack infrastructure. Through a single platform, NymCard enables clients to build and launch embedded financial services—including card issuing, money movement, and lending—backed by modern APIs, regulatory compliance, and real-time controls. To learn more, visit
