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.

Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
Banks’ Suit on CFPB Rule 1033 Predicts Private-Public Sector Clash on Open Banking
October 25, 2024  |  Regulation

The Consumer Financial Protection Bureau released its final rule on data-sharing Tuesday (Oct. 22). But the issue is far from over. The battle between banks...

READ MORE >
Embedded Finance Finds New Use Cases From Gig Economy to Nonprofits
Embedded Finance Finds New Use Cases From Gig Economy to Nonprofits
October 25, 2024  |  Payments Innovation

As we head into the fourth quarter of arguably the most innovative year in payments since the pandemic, the liberation of capital is emerging as...

READ MORE >
How Open Banking is Enabling Better Embedded Finance Customer Experiences
How Open Banking is Enabling Better Embedded Finance Customer Experiences
October 24, 2024  |  Financial Inclusion

As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an...

READ MORE >
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
BaaS Faces Regulatory Reckoning: OCC and FDIC Actions Underscore Growing Scrutiny
October 23, 2024  |  Digital Banking

Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup...

READ MORE >
Dwolla Expands Partnership With Plaid to Streamline Pay by Bank
Dwolla Expands Partnership With Plaid to Streamline Pay by Bank
October 23, 2024  |  Partnerships

Pay-by-bank solution provider Dwolla is expanding its partnership with data network Plaid. The companies will integrate Plaid’s instant account verification and risk assessment tools into...

READ MORE >
Keeping the Sale: The Power of Seamless Payment Choices at Checkout
Keeping the Sale: The Power of Seamless Payment Choices at Checkout
October 23, 2024  |  Faster Payments

The last thing that a merchant wants is to see a consumer or business customer go through the process of identifying the product or service...

READ MORE >
Banking Trade Associations Sue CFPB to Block Data Sharing Rule
Banking Trade Associations Sue CFPB to Block Data Sharing Rule
October 22, 2024  |  CFPB

The Bank Policy Institute and the Kentucky Bankers Association filed a lawsuit Tuesday (Oct. 22) challenging the Consumer Financial Protection Bureau’s (CFPB) final rule on...

READ MORE >
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
Open Banking’s Price Tag: CFPB’s 1033 Rule and the Cost of Compliance
October 22, 2024  |  CFPB

The goal of the Consumer Financial Protection Bureau’s final rule on data sharing unveiled Tuesday (Oct. 22) is to promote competition and, by extension, financial...

READ MORE >
CFPB Includes Payment Apps and Data Brokers in Final Rule 1033
CFPB Includes Payment Apps and Data Brokers in Final Rule 1033
October 22, 2024  |  CFPB

The Consumer Financial Protection Bureau (CFPB) swung for the fences this morning (October 22) as it issued the final version of its long-awaited Rule 1033 on...

READ MORE >