- Tuesday 30th July - 4:00 am
![46% of US Consumers Say They’re Ready for Open Banking](https://www.pymnts.com/wp-content/uploads/2024/07/open-banking-image.jpg?w=160&h=113&crop=1)
As younger and affluent consumers drive the trend, open banking payments stand on the verge of widespread acceptance. This payment method, which allows users to complete transactions directly from their ...
- Monday 29th July - 4:00 am
![UK's Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future](https://www.pymnts.com/wp-content/uploads/2024/07/open-banking-UK.jpg?w=160&h=113&crop=1)
While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated ten million active users. Is ...
- Wednesday 24th July - 4:56 pm
![NAB and Plenti Team on Pay by Bank for Loan Repayments](https://www.pymnts.com/wp-content/uploads/2024/07/NAB-Plenti-bank.png?w=160&h=113&crop=1)
Australian bank NAB has launched a collaboration with FinTech lender Plenti.
The partnership, announced Wednesday (July 24), lets Plenti’s customers make faster loan repayments via NAB’s pay-by-bank offering PayTo.
“Plenti is the first NAB business customer to ...
- Wednesday 24th July - 4:02 am
![FedNow’s First Year: Path to Critical Mass Requires Time and Education](https://www.pymnts.com/wp-content/uploads/2024/07/FedNow-financial-education-i2C.jpg?w=160&h=113&crop=1)
A year after its launch, the FedNow® Service, the instant payment service introduced by the U.S. central bank last July 20, has seen 900 banks sign up and connect to the ...
- Friday 19th July - 4:46 pm
![Open Banking Faces Challenges as Banks Urge Delay in New Data Rules](https://www.pymnts.com/wp-content/uploads/2023/05/cfpb-4.jpg?w=160&h=113&crop=1)
Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access.
Data underpins the joint efforts of traditional financial ...
- Wednesday 17th July - 4:40 pm
![Cloud Security 101: Treasury Releases Essential Guidelines for FIs](https://www.pymnts.com/wp-content/uploads/2021/09/Treasury-Department-stablecoins-cryptocurrency.jpg?w=160&h=113&crop=1)
Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations.
And with the news Thursday (July 17) that the U.S. Department of the Treasury and the Financial ...
- Wednesday 17th July - 4:11 pm
![Banking Sector Seeks More Time on CFPB Open Banking Rule](https://www.pymnts.com/wp-content/uploads/2023/05/cfpb-4.jpg?w=160&h=113&crop=1)
The banking industry wants more time to comply with a new rule governing consumer financial data.
The open banking regulation in question is the Consumer Financial Protection Bureau (CFPB)’s “Proposed Required ...
- Tuesday 16th July - 4:00 am
![Trustly Lays Out Vision for Open Banking at Retail](https://www.pymnts.com/wp-content/uploads/2024/07/eCommerce-checkout-Trustly-pay-by-bank-TV-overlay.jpg?w=160&h=113&crop=1)
Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options.
Christina Potter, head of eCommerce at Trustly, ...
- Monday 15th July - 4:01 am
![AI Unlocks Feedback Loop Between Payments Innovation and Customer Expectations](https://www.pymnts.com/wp-content/uploads/2024/07/Discover-AI-customer-experience.jpg?w=160&h=113&crop=1)
All the innovation in the world changes nothing if it fails to meet the needs of end-users.
And against a backdrop where expectations around payments convenience, speed, security and, increasingly, personalization ...
- Thursday 11th July - 4:28 pm
![Report: Digital Job Growth in UK Hits Lowest Level in Decade](https://www.pymnts.com/wp-content/uploads/2024/07/digital-job-growth-UK.png?w=160&h=113&crop=1)
Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade.
As Bloomberg News reported Thursday (July 11), this has led the incoming Labour government to promise to revitalize the ...
- Tuesday 9th July - 11:48 am
![Traditional Banks Go Digital as Neobanks Face Regulatory Heat](https://www.pymnts.com/wp-content/uploads/2024/05/bank.jpg?w=160&h=113&crop=1)
As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks.
Open banking looks set to transform financial services in the United States, and the approach, in ...
- Tuesday 9th July - 4:02 am
![Are APIs the Power Source for Open Banking’s Rise?](https://www.pymnts.com/wp-content/uploads/2024/07/API-whats-next-in-payments.jpg?w=160&h=113&crop=1)
As open banking takes root in the United States, the role of application programming interfaces (APIs) will become more widely known and appreciated. That’s one of the predictions and insights ...
- Monday 8th July - 9:28 pm
![Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’](https://www.pymnts.com/wp-content/uploads/2024/07/Australian-Banking-Association-open-banking.jpg?w=160&h=113&crop=1)
Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules.
Bligh said this in a Wednesday ...
- Monday 8th July - 4:00 am
![Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty](https://www.pymnts.com/wp-content/uploads/2024/07/Main-feature-Visa-Gen-Z.jpg?w=160&h=113&crop=1)
There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services to protect, analyze and optimize ...
- Friday 5th July - 3:59 pm
![New Era for UK Open Banking As Labour Plans to Boost Adoption](https://www.pymnts.com/wp-content/uploads/2024/07/Keir-Starmer-Labour-Party-UK-open-banking.jpg?w=160&h=113&crop=1)
Now that the Labour Party’s been ushered into power in the U.K. — in a landslide vote — what’s next for open banking in the United Kingdom?
New Prime Minister Keir ...
- Wednesday 3rd July - 10:28 am
![Lenovo and Trustly Team to Offer Open Banking at Checkout](https://www.pymnts.com/wp-content/uploads/2024/07/Lenovo-Trustly-open-banking.png?w=160&h=113&crop=1)
Swedish tech firm Lenovo is offering open banking at checkout via a partnership with Trustly.
The collaboration, announced Wednesday (July 3), is open to Lenovo customers in the U.K. and continental Europe, providing them with an ...
- Tuesday 25th June - 2:16 pm
![Trustly and Gr4vy Expand Payments Orchestration Partnership to Europe](https://www.pymnts.com/wp-content/uploads/2024/06/Trustly-Gr4vy-payments.png?w=160&h=113&crop=1)
Payments orchestration platform Gr4vy has expanded its partnership with open banking payments firm Trustly.
The extended collaboration, announced Tuesday (June 25), will bring Gr4vy’s services to Europe, and follows an earlier partnership in the U.S. last ...
- Friday 21st June - 4:01 am
![Capturing the US Family Dynamic Will Power Open Banking’s Future](https://www.pymnts.com/wp-content/uploads/2024/06/open-banking-2.jpg?w=160&h=113&crop=1)
Without education, awareness, or utility, any innovation will find it hard to scale.
Fortunately for open banking, which allows consumers to securely connect to their bank accounts to pay merchants and ...
- Thursday 13th June - 4:00 am
![Trustly Inc. CEO Says Pay by Bank Is the Next-Gen ACH](https://www.pymnts.com/wp-content/uploads/2024/06/Need-To-Know-with-Alex-Gonthier-of-Trustly.jpg?w=160&h=113&crop=1)
It’s said that imitation is the sincerest form of flattery. If that’s the case, payments industry veteran and Trustly Inc. CEO Alex Gonthier should feel quite validated these days.
While he ...
- Wednesday 12th June - 2:14 pm
![At Senate Hearing, CFPB’s Chopra Warns of ‘Financial Surveillance’](https://www.pymnts.com/wp-content/uploads/2022/09/CFPB.jpg?w=160&h=113&crop=1)
Consumer Financial Protection Bureau Director Rohit Chopra took note during his Wednesday appearance before the Senate Banking Committee that companies including PayPal and JPMorgan are monetizing customers’ financial data — ...
- Monday 10th June - 12:29 pm
![Are Fireworks Ahead as CFPB Director Testifies on Capitol Hill?](https://www.pymnts.com/wp-content/uploads/2022/09/Rohit-Chopra-consumer-financial-protection-bureau-enforcement.jpeg?w=160&h=113&crop=1)
Consumer Financial Protection Bureau Director Rohit Chopra is set to testify on Capitol Hill this week.
He is scheduled to appear before the Senate Banking Committee Wednesday (June 12) and the ...
- Thursday 6th June - 12:40 pm
![5 Things to Watch as Open Banking Gains Ground in the US](https://www.pymnts.com/wp-content/uploads/2024/06/open-banking-1.jpg?w=160&h=113&crop=1)
Open banking’s success in the United States — as with any ecosystem — will hinge on several factors, none guaranteed.
But, with lessons learned from abroad, and with an incrementally clearer ...
- Thursday 6th June - 6:59 am
![Mastercard to Add Open Banking-Powered Solutions for Accounts](https://www.pymnts.com/wp-content/uploads/2024/03/Mastercard-Worldpay-chargebacks.png?w=160&h=113&crop=1)
Mastercard will add new open banking-powered solutions that make it easier for consumers to automatically switch their direct deposits and update their recurring bill payments.
These capabilities will result from the ...
- Wednesday 5th June - 2:51 pm
![CFPB to Consult Consumers and Small Businesses on Open Banking Standards](https://www.pymnts.com/wp-content/uploads/2024/06/open-banking-standards.png?w=160&h=113&crop=1)
In the move to solidify the framework for open banking, the field for just who will help set the standards is wide open.
News came Wednesday (June 5) that the Consumer ...
- Wednesday 5th June - 12:37 pm
![CFPB Aims to to Speed Shift to Open Banking in the U.S.](https://www.pymnts.com/wp-content/uploads/2023/05/CFPB-3.jpg?w=160&h=113&crop=1)
The Consumer Financial Protection Bureau (CFPB) has taken another step in its push to accelerate open banking.
The U.S. consumer watchdog on Wednesday (June 5) announced it had finalized a rule ...
- Thursday 30th May - 2:34 pm
![Trustly CEO: IPO Is Still 1 to 2 Years Away Despite Profit Jump](https://www.pymnts.com/wp-content/uploads/2024/05/Trustly-IPO-profit.png?w=160&h=113&crop=1)
The CEO of Swedish FinTech Trustly says going public is not yet on the company’s radar.
Speaking to CNBC Thursday (May 30), Johan Tjarnberg said that although his company just recorded a 51% increase in operating profit, ...
- Thursday 30th May - 4:00 am
![Credit Union Innovation Hinges on Payment Speed and Security](https://www.pymnts.com/wp-content/uploads/2024/05/credit-union-innovation-modernization.jpg?w=160&h=113&crop=1)
In an era of rapid technological advancement, there remain certain immutable aspects — particularly for payments.
When it comes to the way businesses and consumers transact, speed, security and convenience are ...
- Friday 24th May - 3:27 pm
![Cash Flow-Based Underwriting Adds Real-Time Context to FICO Score](https://www.pymnts.com/wp-content/uploads/2024/05/cash-flow-underwriting-credit.png?w=160&h=113&crop=1)
The FICO score — what we might think of as the general “shorthand” for lending — was created back in 1989.
In the decades since, and now as we’re on the ...
- Wednesday 22nd May - 4:00 am
![Payments Orchestration Lowers Expense of Digital Payments Acceptance](https://www.pymnts.com/wp-content/uploads/2024/05/payments-orchestration-Spreedly-digital.jpg?w=160&h=113&crop=1)
There’s no shortage of evidence showing that digital payment methods are nearing a tipping point.
As PYMNTS Intelligence and the Federal Reserve have reported, consumers and businesses are accelerating their use of digital ...
- Tuesday 21st May - 7:32 pm
![Stripe Launches Its First Open Banking-Powered Payment Method in UK](https://www.pymnts.com/wp-content/uploads/2024/05/Stripe-open-banking.jpg?w=160&h=113&crop=1)
Stripe has debuted an open banking-powered payment method and faster manual payouts in the United Kingdom.
In addition, the company has expanded Stripe Capital to the U.K., the company said in a Tuesday (May ...
- Thursday 16th May - 3:54 pm
![Supreme Court Ruling on CFPB Paves Path for Open Banking](https://www.pymnts.com/wp-content/uploads/2022/12/CFPB-1.jpg?w=160&h=113&crop=1)
Reading the Thursday (May 16) Supreme Court ruling upholding the constitutionality of the Consumer Financial Protection Bureau’s funding mechanisms — and ensuring the agency’s survival — takes one through centuries of history.
All the way back to ...
- Thursday 16th May - 3:41 pm
![Dwolla and Visa Partner on Account Verification for Pay-by-Bank](https://www.pymnts.com/wp-content/uploads/2024/05/Dwolla-Visa-Pay-by-Bank.png?w=160&h=113&crop=1)
Dwolla and Visa have partnered to make it easier for mid- to enterprise-size businesses to use pay-by-bank to pay and get paid.
With this collaboration, Visa’s open banking solutions are integrated ...
- Wednesday 15th May - 12:50 pm
![VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data](https://www.pymnts.com/wp-content/uploads/2024/05/VantageScore.png?w=160&h=113&crop=1)
VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data.
The combination gives lenders a predictive lift of up to 10% compared to the VantageScore ...
- Monday 13th May - 5:03 pm
![Mexico-Based Aplazo Raises $70 Million for Omnichannel Payment Platform](https://www.pymnts.com/wp-content/uploads/2024/05/Mexico-credit-cards-Aplazo.jpg?w=160&h=113&crop=1)
Aplazo has raised $70 million in equity funding, including a $45 million Series B, to continue building its omnichannel payment platform.
The Mexico-based company will also use artificial intelligence (AI) to ...
- Thursday 9th May - 1:27 pm
![Experian Launches Open Banking-Powered Solution to Expand Access to Credit](https://www.pymnts.com/wp-content/uploads/2022/10/Experian.jpg?w=160&h=113&crop=1)
Experian has launched a solution designed to further inform lending decisions and expand access to credit.
The new Cashflow Attributes uses open banking insights from more than 900 income, cash flow ...
- Tuesday 7th May - 10:15 am
![Consumers View Embedded Lending as Option to Pay Everyday Essential Expenses](https://www.pymnts.com/wp-content/uploads/2024/05/embedded-lending-grocery-consumer-spending.jpg?w=160&h=113&crop=1)
Embedded lending may gain new consideration at the point of sale as cash-strapped consumers grapple with the pain of emergency expenses.
And it may help them pay for at least some ...
- Tuesday 7th May - 4:01 am
![CFPB Rule 1033 Will Hasten Shift to Open Banking in US](https://www.pymnts.com/wp-content/uploads/2024/05/1033-data-sharing.jpg?w=160&h=113&crop=1)
Back in October, the Consumer Financial Protection Bureau (CFPB) made public a new rule about data and data sharing. And it wasted no time signaling the intent behind it.
In a press release issued Oct. 19, the ...
- Monday 6th May - 11:05 am
![Banking Regulators’ Guide to Third-Party Risk Management Spotlights Community Banks’ Vulnerabilities](https://www.pymnts.com/wp-content/uploads/2024/05/bank.jpg?w=160&h=113&crop=1)
The rise of open banking and FinTechs is changing the fabric of financial services.
Data sharing and pacts between traditional financial institutions and digital-only innovators promise to bring innovation to the ...
- Friday 3rd May - 4:02 am
![Can Open Banking Increase Consumer Trust in New Payments Tech?](https://www.pymnts.com/wp-content/uploads/2024/05/eBook-Q1-Trustly-open-banking.jpg?w=160&h=113&crop=1)
Open banking is empowering consumers and the businesses they work with to adapt amid uncertainties, Trustly founder and CEO Alex Gonthier writes in the new PYMNTS eBook, “The Implications of ...
- Friday 19th April - 6:48 am
![Banks Leverage FinTech Partnerships to Ride Digital Transformation Wave](https://www.pymnts.com/wp-content/uploads/2022/04/money-mobility-faster-digital-disbursements.jpg?w=160&h=113&crop=1)
The digital transformation of banking continues to reshape how financial institutions (FIs) are meeting the evolving expectations of consumers. And central to this evolution are partnerships, which play a pivotal ...
- Thursday 11th April - 4:00 am
![FI Execs Curb Their Enthusiasm for Open Banking](https://www.pymnts.com/wp-content/uploads/2024/04/open-banking-fraud.jpg?w=160&h=113&crop=1)
Open banking, the legal framework permitting secure data sharing amongst financial institutions (FIs) and third-party FinTechs to enhance the products and services they offer consumers, has proven to be popular ...
- Wednesday 10th April - 10:10 am
![Trustly and Light & Wonder Team on Cashless Casino Deposits](https://www.pymnts.com/wp-content/uploads/2022/02/casino-1.jpeg?w=160&h=113&crop=1)
Trustly launched a payments partnership with games company Light & Wonder.
The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s RAPIDPLAY solution, according to a Wednesday ...
- Thursday 4th April - 2:07 pm
![Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns](https://www.pymnts.com/wp-content/uploads/2024/04/open-banking.png?w=160&h=113&crop=1)
Traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, making the process daunting for many potential investors.
However, the digital age has brought ...
- Thursday 4th April - 10:56 am
![ClearBank Considers US Expansion After Hitting Profitability](https://www.pymnts.com/wp-content/uploads/2024/04/ClearBank-profitability.png?w=160&h=113&crop=1)
Embedded banking firm ClearBank is reportedly planning to expand into Europe and the U.S.
Charles McManus, the British firm’s CEO, told Bloomberg News Thursday (April 4) that the company has applied ...
- Wednesday 3rd April - 2:53 pm
![Brim Financial Plans International Expansion After $85 Million Series C](https://www.pymnts.com/wp-content/uploads/2023/03/funding.jpg?w=160&h=113&crop=1)
FinTech infrastructure firm Brim Financial has raised $85 million in a Series C funding round.
“This funding will accelerate Brim’s growth and fuel our international expansion,” Rasha Katabi, CEO and founder of Brim Financial, said in ...