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.

Xero Braces For Bank Integrations With New API
Xero Braces For Bank Integrations With New API
September 07, 2018  |  B2B Payments

Small business accounting software provider Xero is bracing for a slew of bank and FinTech integrations with the launch of its Open Banking API, according...

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Open Banking Gains More Investment And Government Attention
Open Banking Gains More Investment And Government Attention
August 21, 2018  |  Bank Regulation

The open banking wave is starting to spread. One of the latest signs of that comes this month from Germany, where Hamburg-based Deposit Solutions, a...

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RBS Flunks Small Businesses’ Test In New UK Report
RBS Flunks Small Businesses’ Test In New UK Report
August 16, 2018  |  B2B Payments

The U.K. Competition and Markets Authority (CMA) has released its biannual report on the best and worst financial institutions for small businesses, naming Handelsbanken in...

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Facebook’s Bank Data Request May Affect Small Businesses, Too
Facebook’s Bank Data Request May Affect Small Businesses, Too
August 16, 2018  |  B2B Payments

A controversial initiative by Facebook to seek financial information on users from their banks should be closely watched by small business owners, according to reports...

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Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
Entrepreneurs Becoming A Driving Force Behind Data Sharing In The US
July 27, 2018  |  B2B Payments

Europe and the U.K. solidified their reputations as having progressive views on data security and ownership with the PSD2 and GDPR regulations that came into effect...

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Unbundled Banking Faces New Skepticism — And Fresh Prospects
Unbundled Banking Faces New Skepticism — And Fresh Prospects
July 12, 2018  |  Banking

Inevitable? Maybe (even if one’s view of inevitability may depend on one’s views of science and history). Well-financed and backed by significant IT focus? Yep....

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Xero Connects To BBVA Compass Accounts Via API
Xero Connects To BBVA Compass Accounts Via API
July 12, 2018  |  B2B Payments

Small business accounting software provider Xero is linking users’ accounts to their BBVA Compass bank accounts via API, the company announced on Wednesday (July 11)....

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CODE Investing Talks AltFin And Bank-FinTech Collaboration
CODE Investing Talks AltFin And Bank-FinTech Collaboration
July 11, 2018  |  Alternative Finances

The story of alternative finance is now well-known across the small business (SMB) lending community: Heightened risk management and capital requirements imposed on traditional lenders...

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