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.

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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Overcoming The Pre-Accounting Hurdle Of Data
Overcoming The Pre-Accounting Hurdle Of Data
January 09, 2020  |  B2B Payments

Following anxieties that robots would replace their jobs, small business (SMB) accountants are now on a path to potentially become more strategic partners with their...

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