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.

Paper Checks Continue To Steal The B2B Payments Spotlight
Paper Checks Continue To Steal The B2B Payments Spotlight
December 29, 2017  |  B2B Payments

2017 may go down in B2B payments history as the year the space finally saw a bump in attention from innovators. Amid the excitement over...

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How B2B Payments Could Find Its Footing In A World Moving To Real-Time
How B2B Payments Could Find Its Footing In A World Moving To Real-Time
December 28, 2017  |  B2B Payments

Faster and real-time payment initiatives broke new ground in 2017, but so far, B2B payments has yet to really find its place in an accelerated...

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Open Banking Plans For A Big Year — Even Where Regulators Aren’t Forcing It
Open Banking Plans For A Big Year — Even Where Regulators Aren’t Forcing It
December 27, 2017  |  B2B Payments

Open Banking regulations aren’t yet in effect in Europe via upcoming PSD2 rules, but already, banks there are getting a head-start on implementation. Financial institutions...

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Big Banks To Miss UK’s Open Banking Deadline
Big Banks To Miss UK’s Open Banking Deadline
December 21, 2017  |  B2B Payments

Five major U.K. banks are reportedly about to miss a key deadline in the nation’s Open Banking initiative, according to news from The Telegraph on Wednesday (Dec....

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Nesta Chooses Open Up Challenge Winners
Nesta Chooses Open Up Challenge Winners
December 14, 2017  |  B2B Payments

Nesta has announced the 10 winners of Stage 1 of its Open Up Challenge, a competition in the U.K. for developers of FinTech targeting small...

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How FIs Compete In The ‘API Economy’
How FIs Compete In The ‘API Economy’
December 14, 2017  |  API

APIs are more than an easy way for developers to access web services — they are the connective tissue that brings banks and FinTechs together....

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No Easy Fix For Freelancers’ FinServ Needs — Even With PSD2
No Easy Fix For Freelancers’ FinServ Needs — Even With PSD2
December 13, 2017  |  B2B Payments

A few bank scandals and research highlighting smaller companies’ frustrations with traditional financial institutions (FIs) have ushered in a wave of challenger banks in the...

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TRENDING: IBM On The New Rules Of The ‘API Economy’
TRENDING: IBM On The New Rules Of The ‘API Economy’
December 13, 2017  |  API

The emergence of APIs is doing more than just changing the way banks and FinTechs operate. It’s forcing them to create new marketplaces and ecosystems...

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As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness
As UK Readies For Open Banking, FinTechs Struggle With SMB Awareness
November 21, 2017  |  B2B Payments

U.K. financial institutions (FIs) have been advised to comply with the EU’s Revised Payment Service Directive (PSD2) regulations despite Brexit, but the U.K. has its...

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