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.

Envestnet | Yodlee CEO: Helping FIs Prep For ‘Next-Gen’ Data Aggregation
Envestnet | Yodlee CEO: Helping FIs Prep For ‘Next-Gen’ Data Aggregation
December 06, 2019  |  Data

The past few years have seen contentious relationships between financial institutions (FIs) — particularly larger ones — and data aggregators. At a high level, FIs...

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Large Corporates Find Value In Bank-FinTech Connectivity Too
Large Corporates Find Value In Bank-FinTech Connectivity Too
November 27, 2019  |  B2B Payments

Small businesses are a growing target for bank-FinTech collaborations and data integration initiatives as financial service providers explore new use cases for open banking. For...

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TCH Gives Banks An Open Banking Template
TCH Gives Banks An Open Banking Template
November 15, 2019  |  Data

FinTech firms need access to the data housed within traditional FIs. To get there, and to end the screen scraping (beloved by no one), The...

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Beyond The US, Open Banking Goes Beyond The Consumer
Beyond The US, Open Banking Goes Beyond The Consumer
November 13, 2019  |  B2B Payments

There may not be an Open Banking mandate in the U.S., but that doesn’t mean the payments and financial services market isn’t embracing data sharing...

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SCA Awareness Issues Persist Among EU Merchants, Consumers
SCA Awareness Issues Persist Among EU Merchants, Consumers
November 07, 2019  |  Regulation

Earlier studies found a surprising lack of both consumer and merchant awareness about the European Union’s Strong Customer Authentication (SCA) and second Payment Services Directive...

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FinTech Firms Take The Reins In Open Banking For SMBs
FinTech Firms Take The Reins In Open Banking For SMBs
November 06, 2019  |  B2B Payments

Open Banking continues to explore new B2B use cases. This week, FinTech firms took the reins as they introduced application programming interface (API)-powered solutions for...

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How Open Banking Drives Real-Time Payments Traction
How Open Banking Drives Real-Time Payments Traction
November 04, 2019  |  B2B Payments

Competitive forces in the payments and financial services sector have driven two key trends in the U.S.: the acceleration of payments, and the adoption of...

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South Korea Starts Pilot-Launch Of Open Banking System
South Korea Starts Pilot-Launch Of Open Banking System
November 01, 2019  |  Banking

South Korea has started a pilot-testing program for open banking, according to a release. The company started testing on Wednesday (Oct. 30). The South Korean...

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Open Banking Goes Straight To The Corporate Customer
Open Banking Goes Straight To The Corporate Customer
October 30, 2019  |  B2B Payments

Open banking jumped onto the financial services scene with a focus on enabling consumer-facing FinTech platforms to connect with their users’ bank account data. The...

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