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.

Simplicity and Connectivity Seen as Standardized B2B Payments Advantages
Simplicity and Connectivity Seen as Standardized B2B Payments Advantages
February 13, 2023  |  B2B Payments

For B2B eCommerce firms, options to easily process high-value online payments are few. “Cards are not made for that. We know that the average [limit]...

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Mastercard Says Canadian Small Businesses Bullish on Open Banking
Mastercard Says Canadian Small Businesses Bullish on Open Banking
February 09, 2023  |  Digital Banking

Canadian small business owners have embraced open banking, but want better access to digital tools. That’s according to a survey released Thursday (Feb. 9) by...

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Neonomics Launches Open Banking Checkout Solution in Finland
Neonomics Launches Open Banking Checkout Solution in Finland
February 07, 2023  |  Payment Methods

Open banking provider Neonomics has launched its new online checkout solution in Finland. The Oslo-based FinTech announced the expansion of its open banking-powered payment solution...

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EU FinTechs Unlock Small Business Growth Using Open Banking
EU FinTechs Unlock Small Business Growth Using Open Banking
February 06, 2023  |  SMBs

Open banking can help small and medium-sized businesses (SMBs) in more ways than one. In fact, from payment gateways to automatic invoicing software, a variety...

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Auto Repair Software Developer Xolvis Integrates Open Banking Payments With Volt
Auto Repair Software Developer Xolvis Integrates Open Banking Payments With Volt
February 03, 2023  |  Digital Payments

Xolvis has teamed with Volt to integrate open banking payments into its platform. The Munich-based software developer announced in a Thursday (Feb. 2) blog post...

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TransUnion Invests in UK Open Banking Firm Bud Financial
TransUnion Invests in UK Open Banking Firm Bud Financial
January 31, 2023  |  Investments

TransUnion has invested in British open banking and data intelligence firm Bud Financial Limited. The global information and insights company said in a Tuesday (Jan....

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Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
January 31, 2023  |  API

Open banking firm Truelayer has launched a new product to help businesses onboard customers. The company announced the launch of Signup+, a new tool that...

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Open Banking Platform Consolidation Leads to Broader EU Customer Reach
Open Banking Platform Consolidation Leads to Broader EU Customer Reach
January 31, 2023  |  Acquisitions

After years of consolidation, Europe’s largest open banking players now cover much of the continent. Over the years, the continent’s open banking companies have expanded...

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Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
January 27, 2023  |  Acquisitions

Trustly has closed its acquisition of Ecospend to grow its offerings in the United Kingdom. The acquisition brings together Trustly’s global payments platform for digital...

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