Article: Today In Digital-First Banking: TrueLayer Lands $70 Million In Series D; Envestnet Acquires Harvest Savings

Money, Open Governance

Today In Digital-First Banking: TrueLayer Lands $70 Million In Series D; Envestnet Acquires Harvest Savings

In today’s top news in digital-first banking, TrueLayer landed $70 million in a funding round headed up by Addition, while Envestnet had acquired Harvest Savings & Wealth Technologies. Plus, Avant has purchased Zero Financial along with its neobank, Level.

TrueLayer notched $70 million in an Addition-led Series D funding round. The investment will assist the company in furthering the global growth of its open banking-based network and debut new products. TrueLayer is aiming to build out an open banking network that streamlines identity, financial data and payments.

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Article: The not-so-secret value of sharing commercial geospatial and open-source information

Geospatial, Open Data, Open Source

The not-so-secret value of sharing commercial geospatial and open-source information

Two years ago, reports surfaced that the Chinese Communist Party (CCP) was detaining hundreds of thousands of China’s Muslim Uyghurs and other ethnic minorities in so-called “re-education” camps. Chinese authorities initially denied the existence of these camps until human rights organizations and media sources provided indisputable evidence that they do exist.

Discovering human rights abuses such as this would be nearly impossible without access to commercial geospatial intelligence (GEOINT) provided by satellite imagery that established visual evidence of the camps. Beyond the discovery of the camps, GEOINT also provided the ability to track developments at the camps by comparing images taken over time.

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Article: What Open Banking Is and How It Will Affect You

Money, Open Governance

What  Open Banking Is and How It Will Affect You

Open banking is the practice of sharing financial information electronically, securely, and only under conditions that customers approve of.3 Application programming interfaces (APIs) allow TPPs to access financial information efficiently, which promotes the development of new apps and services.4 Ideally, open banking should result in a better experience for consumers.

You may already use services that open banking would improve upon. For example, third-party personal financial management (PFM) tools like Mint use your bank account information to help you track spending and reach other goals.

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