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.

CYBG Agrees To Buy Virgin Money
CYBG Agrees To Buy Virgin Money
June 19, 2018  |  Partnerships / Acquisitions

CYBG, the owner of Clydesdale Bank and Yorkshire Bank, is buying Virgin Money for £1.7 billion. According to BBC, as a result of the deal,...

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Citi’s Treasury Unit Embraces UK Open Banking
Citi’s Treasury Unit Embraces UK Open Banking
June 05, 2018  |  B2B Payments

Citi is the first corporate bank to enroll in the U.K.’s Open Banking Directory in an effort to enhance payment and collection services for business...

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Deep Dive: The UK’s Open Banking Experiment
Deep Dive: The UK’s Open Banking Experiment
June 01, 2018  |  Smarter Payments

The U.K.’s open banking initiatives have been in place since January, intended to encourage greater competition in the financial services space by making it easier...

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Caring Is Sharing (Data)
Caring Is Sharing (Data)
May 31, 2018  |  Today In Data

Everyone wants to rule the data world, but — as Gerhard Oosthuizen, CTO at Entersekt, recently pointed out — it’s not just about having the data;...

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Whose Customer Is It When Banks And FinTechs Collaborate?
Whose Customer Is It When Banks And FinTechs Collaborate?
May 30, 2018  |  Bank Regulation

FinTech and banks have long been painted as natural enemies vying for control of the future of consumer finances – but that view is a...

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European Banks Want More Regulation Of Large Tech Companies
European Banks Want More Regulation Of Large Tech Companies
May 24, 2018  |  Regulation

Some of the biggest banks in Europe are urging regulators to increase oversight of large technology companies that are moving into the financial services market....

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HPS Builds API For FinTechs To Connect To Banks
HPS Builds API For FinTechs To Connect To Banks
May 22, 2018  |  B2B Payments

Payments software company HPS is launching an API for other FinTech innovators to integrate into banking systems. The company announced news on Monday (May 21)...

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Open Payments Launches Portal For Developers To Access PSD2 APIs
Open Payments Launches Portal For Developers To Access PSD2 APIs
May 08, 2018  |  B2B Payments

Sweden-based Open Payments has launched its online platform for developers to access and make use of the rising number of bank APIs surfacing as a...

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More Banks See Value In Faster Payments And APIs, Finds ACI Worldwide
More Banks See Value In Faster Payments And APIs, Finds ACI Worldwide
May 01, 2018  |  B2B Payments

A new survey by ACI Worldwide and Ovum found evidence that financial institutions (FIs) are more willing to open up their data via API and...

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