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.

India Set To Pass Payments Data Protection Law
India Set To Pass Payments Data Protection Law
January 22, 2020  |  International

Will India prove to be a model for open banking? Will it be a fast follower – or a cautionary tale? India is on the...

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Bank-FinTech Tie-Ups Continue Despite SMB Skepticism
Bank-FinTech Tie-Ups Continue Despite SMB Skepticism
January 21, 2020  |  B2B Payments

While Open Banking initiatives and data integrations between banks and FinTech firms have begun to target corporate and small business (SMB) end users, new research...

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Top News In Payments: UK Regulators’ Data Violation Fines Top $126M; Google CEO Calls For AI Governance
Top News In Payments: UK Regulators’ Data Violation Fines Top $126M; Google CEO Calls For...
January 20, 2020  |  News

In today’s top payments news, U.K. regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international...

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Swedish Open Banking Startup Tink Closes €90M Funding Deal
Swedish Open Banking Startup Tink Closes €90M Funding Deal
January 20, 2020  |  Fintech Investments

Sweden’s open banking platform Tink raised €90 million in an investment round co-led by Dawn Capital, HMI Capital and Insight Partners, Tink announced on Monday...

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B2B APIs Bring Access And Speed To Finance
B2B APIs Bring Access And Speed To Finance
January 16, 2020  |  API

Open banking and its promise of more elasticity in finance is enabled by application program interfaces (APIs) — lines of code that execute everything from...

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Why Banks Must Upgrade Their API Strategies For SMBs
Why Banks Must Upgrade Their API Strategies For SMBs
January 16, 2020  |  API

Small to medium-sized businesses (SMBs) need more support from their banks than ever to handle today’s increasingly fragmented global economy. Companies must manage increased data...

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Payments Providers Combat The Conflict Between Security, User Experience
Payments Providers Combat The Conflict Between Security, User Experience
January 14, 2020  |  B2B Payments

In financial services, demand for ease of use and security are sky-high, even for business customers. But for many service providers, achieving one can often...

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U.K. FSB Finds Most SMBs Keeping Bank Data From FinTechs
U.K. FSB Finds Most SMBs Keeping Bank Data From FinTechs
January 13, 2020  |  B2B Payments

The U.K. Federation of Small Businesses (FSB) has released the results of a survey of small to medium-sized businesses’ (SMBs) embrace of open banking two...

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Wells Fargo: Using APIs To Cut Corporate Cash Flow Confusion
Wells Fargo: Using APIs To Cut Corporate Cash Flow Confusion
January 13, 2020  |  API

Banks need strong application programming interface (API) strategies if they want to retain their business clients. Business to business (B2B) APIs enable financial institutions (FIs)...

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