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.

Real-Time Payments’ Real-Time Achilles Heel
Real-Time Payments’ Real-Time Achilles Heel
June 03, 2020  |  API

The role of application programming interfaces (APIs) in banking and B2B payments has grown progressively larger over recent years, especially overseas. The United Kingdom has...

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An API-Driven Fix To Digital-First Banking
An API-Driven Fix To Digital-First Banking
May 28, 2020  |  Digital-First Banking

The global financial space has been severely impacted by the ongoing COVID-19 pandemic, with social distancing and stay-at-home guidelines preventing customers from visiting bank branches...

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How Banks Can Guide FinTechs Through Their First Economic Downturn
How Banks Can Guide FinTechs Through Their First Economic Downturn
May 22, 2020  |  B2B Payments

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become...

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FinTechs Aid Banks In Their Own Open Banking Initiatives
FinTechs Aid Banks In Their Own Open Banking Initiatives
May 21, 2020  |  B2B Payments

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). This week’s...

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Trend Talk: The Year Of Payments Infrastructure
Trend Talk: The Year Of Payments Infrastructure
May 13, 2020  |  Digital Payments

Digital transformation isn’t just a pricey lesson in technobabble. It’s about operationalizing the smartest, fastest tech now available to financial institutions (FIs) to create the...

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Small Businss Banking Secures New FinTech Unicorn
Small Businss Banking Secures New FinTech Unicorn
May 08, 2020  |  B2B Payments

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise...

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How SEB Keeps A Watchful Eye On Its B2B Payments APIs
How SEB Keeps A Watchful Eye On Its B2B Payments APIs
May 06, 2020  |  API

Glitches such as those arising from faulty APIs can lead up to 88 percent of app users to abandon them, making it make or break...

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Deep Dive: How FIs Are Confronting Data Lag, Inadequacies In The Face Of Sophisticated Fraudsters
Deep Dive: How FIs Are Confronting Data Lag, Inadequacies In The Face Of Sophisticated Fraudsters
May 06, 2020  |  Fraud Prevention

Financial fraud costs businesses an estimated $1.45 trillion, and it resulted in almost half of global organizations noting they were victims of fraud in 2018....

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Merchants Deal With Data Regs As COVID-19 Clears
Merchants Deal With Data Regs As COVID-19 Clears
May 05, 2020  |  Regulation

Open banking was ready for its close-up when COVID-19 placed many such advanced initiatives on hold, in lieu of more practical and urgent considerations like...

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