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.

Open Banking Targets SMB Apps, Payments Data
Open Banking Targets SMB Apps, Payments Data
February 06, 2020  |  B2B Payments

Open Banking frameworks continue to proliferate throughout the world. The Australian Competition and Consumer Commission (ACCC) has now formally released the Consumer Data Right (CDR)...

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APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs
APIs Help FIs Keep Pace With B2B Clients’ Faster Payment Needs
February 06, 2020  |  API

Breaking the legacy of batch payments can help corporate treasurers hit instant speeds — and access rich real-time payment data — with the right application...

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Deep Dive: Why Innovation’s Lack Of Ubiquity Is Stalling Open Banking
Deep Dive: Why Innovation’s Lack Of Ubiquity Is Stalling Open Banking
February 04, 2020  |  Regulation

Open Banking’s European success has kicked off interest in similar regulations worldwide, most notably in China, India and Singapore, where digital banking’s popularity among general...

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How HR’s Self-Service Shift Drives Payroll To Unlock Data
How HR’s Self-Service Shift Drives Payroll To Unlock Data
February 03, 2020  |  B2B Payments

As open banking frameworks continue to encourage bank-FinTech collaboration, the financial services market is exploring new ways to unlock data — not only with banks,...

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APIs May Be The Key To Singapore’s Open Banking Future
APIs May Be The Key To Singapore’s Open Banking Future
February 03, 2020  |  Regulation

Banking is no longer just for traditional FIs, thanks to open banking’s spread. Digital banking development is poised to explode in Singapore, where legacy institutions...

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Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
Monetary Authority Of Singapore: What It Will Take To Win Digital Banking Licenses
January 31, 2020  |  Regulation

Financial institutions (FIs) and merchants in the European Union (EU) have had some time to get used to both the General Data Protection Regulation (GDPR)...

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Banks, FinTechs Find New Open-Data Use Cases
Banks, FinTechs Find New Open-Data Use Cases
January 30, 2020  |  B2B Payments

Banks and FinTechs continue to discover new opportunities in unlocking corporate clients’ financial data, with banks embracing data integration for their own product development initiatives,...

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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity
Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity
January 29, 2020  |  B2B Payments

Despite its rising popularity, open banking and data sharing frameworks were not necessarily opportunities toward which banks initially jumped. Their hesitation is understandable, considering many...

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How Faster Payments Can Show Future Of SMB Cash Flow
How Faster Payments Can Show Future Of SMB Cash Flow
January 28, 2020  |  B2B Payments

Advances in data integration and automation have taken small- to medium-sized business (SMB) accounting to the next level. In the effort to migrate SMBs and...

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