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Hello World. I have some exciting news: Cuscal Limited has successfully acquired Basiq! When you start a business, you dream of having a successful exit and retiring on a magical island. But in reality, it’s more like seeing your child grow up and leave home – a mix of sadness and pride, knowing it’s not goodbye but the start of a new chapter.
Cuscal and Basiq have entered into a binding agreement under which Cuscal will acquire a controlling interest in Basiq, subject to customary conditions. This acquisition brings positive news to the recent investment downturn and provides hope for local homegrown start-ups.
Open finance API platform, Basiq, has launched a campaign to raise awareness of the imminent risk to businesses relying on access to customer banking data via web connectors, encouraging them to make the move to Open Banking as soon as possible.
Until recently, web connectors were the most reliable way to access customer banking data. However, big external changes have seriously impacted businesses relying on this data method to connect with banks and service their customers.
Basiq customers across a range of use cases are already seeing the benefits of Open Banking. Because of this, we have a unique perspective on how Open Banking is performing. Read on to find out more.
Finding the right provider is essential. We have pulled together a practical guide to help businesses navigate whether Open Banking is a good option for them and the questions to ask when choosing the best provider for the job.
Open Banking and web connectors are two different ways businesses can access customer financial data to deliver a service, such as a budgeting tool, loan application or investment app. Read on to find out how they compare.
