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.

PNC and Plaid Partner on Secure Sharing of Banking Data
PNC and Plaid Partner on Secure Sharing of Banking Data
September 20, 2024  |  Banking

PNC Financial Services Group and Plaid have partnered to allow the bank’s customers to more securely share their data with third-party financial apps and services....

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84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
84% of Bank Account-to-Account Users Satisfied With Platforms’ Speed and Use
September 17, 2024  |  Banking

As open banking begins to reshape the financial landscape, the promise of enhanced consumer experiences and innovative services looms large. But a PYMNTS Intelligence report,...

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57% of Americans Trust Financial Institutions to Protect Their Data
57% of Americans Trust Financial Institutions to Protect Their Data
September 12, 2024  |  Banking

Open banking, which allows third-party providers to access banking data through secure application programming interfaces (APIs), has gained momentum globally as a means to enhance...

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UK Banks Complete ‘Roadmap for Open Banking’
UK Banks Complete ‘Roadmap for Open Banking’
September 09, 2024  |  Banking

British banking providers have completed their Roadmap for Open Banking. That’s according to an announcement Monday (Sept. 9) from Open Banking Limited (OBL), which had gotten confirmation...

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Trustly and Newline Partner to Facilitate Money Movement in US
Trustly and Newline Partner to Facilitate Money Movement in US
September 05, 2024  |  Partnerships

Trustly and Newline by Fifth Third have teamed up to facilitate money movement in the United States. This collaboration brings together Trustly’s open banking payments...

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Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
September 04, 2024  |  Partnerships

Nova Credit has launched a partnership with data access network Akoya. The collaboration, announced Wednesday (Sept. 4), is designed to help lenders employ cash flow...

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PortX Launches FinTech Hub on AppMarket From Fiserv
PortX Launches FinTech Hub on AppMarket From Fiserv
September 04, 2024  |  Digital Banking

Financial infrastructure and integration technology company PortX is launching Fintech Hub on AppMarket from Fiserv. PortX, which offers integration-platform-as-a-service (IPaaS) to financial institutions, said in a...

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Ingo Payments Acquires Deposits Inc. to Redefine Money Mobility for Banks and Corporates
Ingo Payments Acquires Deposits Inc. to Redefine Money Mobility for Banks and Corporates
September 04, 2024  |  Digital Payments

There’s moving money and then there’s money mobility. One represents the current state of how money moves in and out of accounts. The latter is...

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Tarabut Acquires Vyne as New Open Banking Rules Come Online
Tarabut Acquires Vyne as New Open Banking Rules Come Online
September 03, 2024  |  Acquisitions

Open banking platform Tarabut has acquired British account-to-account (A2A) business payments platform Vyne. The deal, announced Tuesday (Sept. 3), is designed to strengthen Tarabut’s ability to offer faster and more...

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