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Monzo partners with Plaid
Plaid has recently announced a partnership with Monzo in the US, allowing customers to connect their Monzo account with thousands of fintech apps. This integration enables users to securely monitor and transfer funds to other financial institutions directly from the Monzo app. Monzo customers in the UK already have this capability. The integration was facilitated through Plaid’s Core Exchange platform, which provides secure API access to any institution that wishes to join the Plaid data network.
Plaid is also expanding its services to include real-time bank transactions. With the improved service, businesses can quickly release loan payments, insurance payouts, or wages. The Transfer service helps businesses transfer payments between bank accounts and utilizes the real-time payments (RTP) network, a technology developed by a consortium of leading US banks that enables rapid bank transactions.
The partnership between Plaid and Monzo means that their customers can now link their accounts to over 8000 popular financial applications and services, giving them more financial power. This collaboration is a significant step in Plaid’s effort to offer more financial capabilities to its customers.
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The European Central Bank Selects Almaviva and Fabrick for Digital Euro Project
Almaviva, an Italian digital innovation Group, and Fabrick, a Sella Group company active in Open Finance at an international level, have been selected by the European Central Bank (ECB), as part of the Digital Euro project, to develop the mobile app and its technological infrastructure that will enable European citizens to use the European digital currency.
EXCLUSIVE: “The Advantage of Ancient Errors” – Tony Fish in ‘Discover Sibos 2025’
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EXCLUSIVE: “Game Changer” – Andy Lyons, Freemarket in ‘The Fintech Magazine’
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Binance Launches The Blockchain 100 Award to Honor Top Creators Driving Blockchain Innovation
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