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Open banking where traditional banks enable payments and other new services by way of APIs that give access to financial data previously locked up in their systems has led to a rush of startups looking to build the links to make it a reality. Today one of the hopefuls in open banking Volt out of the U.K. is announcing a significant round of funding, a sign of growing activity and confidence in the space. The company currently is active in the U.K., Europe and Brazil, regions that have put some open banking structure in place and are seeing a number of banks moving to build and enable APIs.

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