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.

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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Banks Elevate SMB Lending With FinTech Tie-Ups
Banks Elevate SMB Lending With FinTech Tie-Ups
January 07, 2020  |  B2B Payments

Open Banking and bank-FinTech collaboration are the new norm for financial institutions around the world looking to upgrade their offerings for small businesses (SMBs). In...

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Is Turkey Ready For Open Banking Ahead Of Its EU Counterparts?
Is Turkey Ready For Open Banking Ahead Of Its EU Counterparts?
January 06, 2020  |  Bank Regulation

On Jan. 3, 2020, the California Consumer Privacy Act (CCPA) went into effect, ushering in the strongest consumer data protections in the U.S. With the...

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Deep Dive: What Does Open Banking Mean For Turkish Banks?
Deep Dive: What Does Open Banking Mean For Turkish Banks?
January 06, 2020  |  Regulation

The European Union’s revised Payment Services Directive (PSD2) is tightening its grip on international finance as open banking initiatives continue to crop up in countries...

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APIs Ready Manufacturers For The B2B eCommerce Of Tomorrow
APIs Ready Manufacturers For The B2B eCommerce Of Tomorrow
January 03, 2020  |  B2B Payments

Application program interface (API) technology had a standout year in 2019 as a critical component to enabling the open banking business model, unlocking financial data...

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Why Turkish Banks Are Bullish On PSD2
Why Turkish Banks Are Bullish On PSD2
January 02, 2020  |  Regulation

Banks and FinTechs in the European Union have settled into a period of harmony with the revised Payment Services Directive (PSD2). These financial institutions (FIs)...

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Open Banking Overcomes The Data Obstacle Of Paper
Open Banking Overcomes The Data Obstacle Of Paper
December 30, 2019  |  B2B Payments

The Open Banking business model has derived mixed reactions from the financial services market, and without a regulatory mandate in the U.S., it’s not entirely...

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Small Business Banking Braces For More Disruption
Small Business Banking Braces For More Disruption
December 27, 2019  |  B2B Payments

With regulations surrounding data ownership, privacy and open banking now in full swing in multiple markets around the globe, opening up account data is now...

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Rethinking The Roles Of Data, Accountants In SMB Finance
Rethinking The Roles Of Data, Accountants In SMB Finance
December 19, 2019  |  B2B Payments

FinTech and automation technology have cast a shadow of anxiety on the accounting industry in recent years, as certified public accountants (CPAs) began to wonder...

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