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.

Link Money CEO: Payment Innovations Win on Cost, Not Capability
Link Money CEO: Payment Innovations Win on Cost, Not Capability
October 26, 2023  |  Payments Innovation

Innovations in payments have paved the path to progress throughout history. And while the journey has not been a linear one, it is increasingly becoming...

READ MORE >
Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
October 24, 2023  |  Digital Payments

Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. The...

READ MORE >
Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
October 24, 2023  |  Credit Unions

The continued rise of contactless payments may be among the most notable payments trends of the year, and it could pave the way for innovations...

READ MORE >
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023  |  CFPB

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. And much may change between the Thursday (Oct. 19) announcement of its new...

READ MORE >
Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
October 18, 2023  |  Authentication

Data sharing — and open banking — are due for a quantum leap forward in the United States. Matt Wilcox, president of digital payments at...

READ MORE >
95% of Payouts to Bank Accounts Don’t Happen in Real Time
95% of Payouts to Bank Accounts Don’t Happen in Real Time
October 13, 2023  |  Real-Time Payments

The rise of open banking is evolving banks as we know it. Instead of traditional banks keeping consumer financial data solely within their closed systems,...

READ MORE >
Fiserv Forges Data-Sharing Partnership With Plaid
Fiserv Forges Data-Sharing Partnership With Plaid
October 12, 2023  |  Partnerships

Payments and financial services technology provider Fiserv and data network Plaid launched a data-sharing partnership. The collaboration lets customers of Fiserv-hosted banks and credit unions...

READ MORE >
CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

READ MORE >
Brite Raises $60 Million to Expand Instant Payments
Brite Raises $60 Million to Expand Instant Payments
October 04, 2023  |  Investments

Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. The funding round, announced Wednesday (Oct. 4), was led by Dawn Capital along with a...

READ MORE >