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.

NFC Poised to Become Big Tech, Open Banking Battleground
NFC Poised to Become Big Tech, Open Banking Battleground
September 11, 2023  |  Payment Methods

Consumer choice is at the heart of open banking, and, according to the Consumer Financial Protection Bureau (CFPB), open ecosystems and interoperability are among the...

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BNY Mellon Teams With Trustly to Launch ‘Bankify’
BNY Mellon Teams With Trustly to Launch ‘Bankify’
September 07, 2023  |  Partnerships

BNY Mellon has teamed with payments company Trustly to launch Bankify, an open banking payments solution. Bankify helps “organizations receive consumer payments from bank accounts, with a seamless user...

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Ntropy and Yapily Partner to Enhance Financial Data Standardization in UK, Europe
Ntropy and Yapily Partner to Enhance Financial Data Standardization in UK, Europe
September 05, 2023  |  Partnerships

Financial data standardization solution provider Ntropy has formed a partnership with open banking API infrastructure firm Yapily to enhance financial data standardization in the U.K....

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Open Banking’s Consumer Benefits Hinge on Widespread Adoption
Open Banking’s Consumer Benefits Hinge on Widespread Adoption
September 05, 2023  |  Banking

Ross McFerrin, vice president of enterprise growth at Trustly, told PYMNTS in an interview that some fundamental questions are being asked about open banking. What exactly...

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Acquired.com Unveils Tool to Promote UK Open Banking
Acquired.com Unveils Tool to Promote UK Open Banking
September 04, 2023  |  Banking

Acquired.com, a United Kingdom FinTech, has debuted a tool to help merchants offer open banking payments. The payments specialist’s Hosted Checkout solution lets merchants accept credit and...

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Open Banking’s US Success Will Be Use-Case Specific
Open Banking’s US Success Will Be Use-Case Specific
September 01, 2023  |  Banking

At first glance the latest open banking stats coming out of the U.K. might hint at a seismic shift in payments across the pond. And...

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Ivy Secures $20 Million in Funding to Expand Global Open Banking Network
Ivy Secures $20 Million in Funding to Expand Global Open Banking Network
August 31, 2023  |  Investments

Berlin-based startup Ivy has raised $20 million in Series A funding to expand its global network for open banking payments. “Ivy is building a network of networks...

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GoCardless Teams With Commusoft as Businesses Embrace Faster Payments
GoCardless Teams With Commusoft as Businesses Embrace Faster Payments
August 30, 2023  |  Partnerships

Bank payment company GoCardless has formed an open banking partnership with Commusoft. The collaboration offers GoCardless customers “cost-effective payments” via Commusoft, which provides software for trade companies, according to a...

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TreasurUp and Salt Edge Partner to Provide Open Banking Services
TreasurUp and Salt Edge Partner to Provide Open Banking Services
August 24, 2023  |  Partnerships

TreasurUp and Salt Edge have partnered to provide financial institutions in the United Kingdom and the European Union (EU) with account aggregation and open banking compliance services. TreasurUp’s...

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