Open Banking

Open banking is a financial services term as part of financial technology that refers to: The use of open APIs that enable third-party developers to build applications and services around the financial institution. Greater financial transparency options for account holders ranging from open data to private data.

Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
December 19, 2024  |  CFPB

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs...

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Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
December 19, 2024  |  Security & Fraud

The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it...

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Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money
Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money
December 18, 2024  |  Personnel

British financial institution Salad Money has named Klarna’s former U.K. CEO to chair its board. Alex Marsh, whose appointment was announced Wednesday (Dec. 18) in...

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Trustly and Fitness Software Firm BRP Team on Open Banking 
Trustly and Fitness Software Firm BRP Team on Open Banking 
December 17, 2024  |  Partnerships

Open banking payments provider Trustly has launched a partnership with fitness/wellness software-maker BRP Systems. The collaboration, announced Tuesday (Dec. 17), integrates Trusty’s payment solution with...

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Card Networks Challenge FinTechs for Account-to-Account Payments Share
Card Networks Challenge FinTechs for Account-to-Account Payments Share
December 16, 2024  |  Payments Innovation

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In...

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Mastercard Launches Open Banking Partnership With Unzer
Mastercard Launches Open Banking Partnership With Unzer
November 25, 2024  |  Partnerships

Payment/software solutions provider Unzer has formed an open banking-focused collaboration with Mastercard. The collaboration, announced Monday (Nov. 25), makes Mastercard Unzer’s open banking partner in...

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ValidiFI and PDI Team to Streamline Pay-by-Bank Enrollment
ValidiFI and PDI Team to Streamline Pay-by-Bank Enrollment
November 20, 2024  |  Digital Payments

Payment intelligence provider ValidiFI has teamed with fuel/convenience retail tech company PDI Technologies. The collaboration, announced Wednesday (Nov. 20), will see ValidiFI provide real-time bank...

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Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
November 13, 2024  |  Digital Banking

The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of...

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Clearing Up Pay-by-Bank Confusion Requires Education and Incentives
Clearing Up Pay-by-Bank Confusion Requires Education and Incentives
November 08, 2024  |  Payment Methods

Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the...

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