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.
Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
Tarabut Gateway Raises $32 Million to Expand Saudi Open Banking
May 03, 2023  |  Investments

Open banking platform Tarabut Gateway hopes to expand in Saudi Arabia after raising $32 million. The company announced the Series A funding round Wednesday (May...

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PYMNTS Intelligence: Protecting Members Is at the Heart of Open Banking Compliance
PYMNTS Intelligence: Protecting Members Is at the Heart of Open Banking Compliance
May 03, 2023  |  Credit Unions

Credit unions are regulated by a number of federal agencies, including the National Credit Union Administration (NCUA), the Federal Reserve, the Consumer Financial Protection Bureau...

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Boodil Launches Pay by Portal to Reduce Credit Card Fees
Boodil Launches Pay by Portal to Reduce Credit Card Fees
May 02, 2023  |  Payment Methods

Boodil has launched a Pay by Portal solution to allow businesses to take account-to-account payments. This new solution enables merchants to send out payment links...

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Younited Teams With Tink to Expand Instant Credit Offering
Younited Teams With Tink to Expand Instant Credit Offering
April 26, 2023  |  Partnerships

Younited is working with open banking platform Tink to expand instant credit in Europe. The partnership, announced Wednesday (April 26), uses Tink’s data integration and...

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UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
April 26, 2023  |  Alternative Credit

Small and medium-sized businesses (SMBs) have not had a moment’s rest in the last few years. After enduring a crippling pandemic, they are now navigating...

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An Insider on Open Banking’s Power to Deliver Faster Payments
An Insider on Open Banking’s Power to Deliver Faster Payments
April 21, 2023  |  Faster Payments

Despite instant settlement, lower fees and fraud protection, open banking payment rails in the U.K. are lagging in adoption. New payment option providers such as...

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. The launch marks an...

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Plaid Adds Instant Payouts to Its Transfer Tool
Plaid Adds Instant Payouts to Its Transfer Tool
April 13, 2023  |  Faster Payments

Open banking platform Plaid says it is giving users the ability to make instant payouts. The company announced Thursday (April 13) that it was adding...

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UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
April 12, 2023  |  Digital Banking

As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the...

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