PYMNTS-MonitorEdge-May-2024

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.

GoCardless Aims to Acquire Nuapay, Add Disbursement Capabilities
GoCardless Aims to Acquire Nuapay, Add Disbursement Capabilities
March 15, 2024  |  Acquisitions

Bank payment company GoCardless plans to grow its indirect channel offering with an acquisition of Sentenial, which operates under the Nuapay brand. GoCardless has signed...

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Klarna Adds Open Banking for UK Customers
Klarna Adds Open Banking for UK Customers
March 14, 2024  |  Banking

Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.  “The launch means consumers can now pay Klarna directly from their bank account instead of...

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Latest Facebook-Related Scam Puts Banking Customers on Alert 
Latest Facebook-Related Scam Puts Banking Customers on Alert 
March 13, 2024  |  Security & Fraud

Search online for the words “Facebook scams” and your search engine will immediately deliver myriad news stories warning consumers to be vigilant when scrolling through...

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Growing Digital B2B Payments With Open Banking and APIs
Growing Digital B2B Payments With Open Banking and APIs
March 13, 2024  |  B2B Payments

All the complexity and complications inherent to B2B payments have one, simple solution: going digital. But despite a sea of change in the payments world,...

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Mastercard Introduces White-Label Subscription Management Solution for Financial Institutions
Mastercard Introduces White-Label Subscription Management Solution for Financial Institutions
March 12, 2024  |  Banking

Mastercard is piloting a subscription management solution that financial institutions can add to their consumer banking offerings. The new Smart Subscriptions solution enables consumers to...

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Griffin Launches as Fully Operational UK Bank and Raises $24 Million
Griffin Launches as Fully Operational UK Bank and Raises $24 Million
March 11, 2024  |  Digital Banking

British banking-as-a-service (BaaS) platform Griffin is now officially a fully operational bank. The company announced Sunday (March 10) that it had received approval from the...

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Nexi Picks Mastercard for European Open Banking Partnership
Nexi Picks Mastercard for European Open Banking Partnership
March 11, 2024  |  Partnerships

Nexi has chosen Mastercard to help it support open banking account-based payments throughout Europe. “Through this partnership, Mastercard Open Banking will facilitate e-commerce payments across Nexi’s gateways serving merchants across...

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Strong Authentication Fosters Trust Among Open Banking Users
Strong Authentication Fosters Trust Among Open Banking Users
March 07, 2024  |  Fraud Prevention

The payments journey, and landscape, is an ever evolving one, but one thing is certain: fraudsters will try to exploit any vulnerability they can to...

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Consumers Like Open Banking Features, Now Banks and FinTechs Need to Deliver
Consumers Like Open Banking Features, Now Banks and FinTechs Need to Deliver
March 04, 2024  |  Banking

Last month, a top financial industry regulator voiced concerns that banking and FinTech collaborations might be “blurring the lines” between banking and commerce. According to...

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