Open finance challenge winners unveiled

An Australian startup working to green the housing market has won a global open finance challenge run by NAB, CIBC, Itaú Unibanco, and NatWest.

In total, 91 teams from 19 countries took part in the crisis, using the sandbox area running on AWS and a set of shared APIs provided by banks, including a combination of open banking, open finance, and experimental services.

The judges have selected ValAi as the winner of Greenhouse Product, an affordable ongoing marketing platform that allows consumers to find relevant information for their product.

Vella founder Allys Todd said: “Our new product – Greenhouse – puts people at the heart of zero-zero globalization and opposes the financial sector to drive and transform our society as a whole instruction.”

The first three were chosen as winners over a series of challenges:

• 9th Gear Technologies is the ‘most advanced for businesses and companies to its international B2B program.

• NoFrontiers won the ‘new and easier way of accessing banking services’ for FinPass, an overseas travel agent, and credit response.

• Banyan is the ‘most innovative solution in climate support and debt protection and the life-threatening risks of the debt restructuring process.

All winners will have the opportunity to explore working with one or more banks to turn their ideas into psychological evidence.

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