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.

Moneyhub and MX Partner to Provide Open Banking Solutions Around the World
Moneyhub and MX Partner to Provide Open Banking Solutions Around the World
July 06, 2023  |  Partnerships

Moneyhub and MX Technologies have announced a strategic partnership to leverage each company’s capabilities and networks to promote open finance for organizations and consumers in Europe and North America....

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Merchants View Pay by Bank Options as Opening for Personalized Payments
Merchants View Pay by Bank Options as Opening for Personalized Payments
June 23, 2023  |  Payment Methods

Money movement is moving into the future across new payment rails. That’s why, if the transition from paper cash to electronic money ever feels to...

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Banks and FinTechs Now Prioritize Collaboration Over Competition
Banks and FinTechs Now Prioritize Collaboration Over Competition
June 16, 2023  |  Partnerships

Tough times make tough businesses and underscore the viability of their corporate strategies. Deploying a viable go-forward strategy has never been more critical, particularly for...

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CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
CFPB’s Chopra Warns of Consumer Credit Delinquency as Total Household Debt Hits $17 Trillion
June 14, 2023  |  CFPB

At the latest hearing focused on the Consumer Financial Protection Bureau, things got heated even before Director Rohit Chopra uttered a word. At the Wednesday...

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Shopify and Volt Forge Open Banking Partnership
Shopify and Volt Forge Open Banking Partnership
June 14, 2023  |  Partnerships

eCommerce company Shopify has named Volt as its open banking partner. Merchants in Europe, the United Kingdom and Brazil that have integrated Shopify can now...

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Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
Business-Friendly Regulations Drive Open Banking Adoption in the Middle East
June 12, 2023  |  Fintech Investments

The Middle East and North Africa (MENA) region is quickly becoming a hotbed for open banking, driven by a unique ecosystem, booming consumer demand and...

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Endava Acquires DEK to Diversify and Expand in APAC Region
Endava Acquires DEK to Diversify and Expand in APAC Region
June 09, 2023  |  Acquisitions

Endava has acquired DEK to further its diversification and expansion in the Asia Pacific (APAC) region. With the addition of DEK, Endava will gain expertise spanning several industry...

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Worldpay from FIS and Volt Enable A2A Payments for Merchants 
Worldpay from FIS and Volt Enable A2A Payments for Merchants 
June 06, 2023  |  Payment Methods

Worldpay from FIS and Volt have partnered to enable merchants to receive account-to-account (A2A) payments from consumers. The collaboration will bring together Worldpay’s strength as a merchant acquirer...

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Flutterwave Taps Token.io to Add Pay-by-Bank Capabilities
Flutterwave Taps Token.io to Add Pay-by-Bank Capabilities
June 06, 2023  |  Payment Methods

African FinTech Flutterwave has begun offering pay-by-bank transfers through a partnership with Token.io. “Our partnership with Token.io will make it even faster and easier for...

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