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.

Revolut To Extend Open Banking APIs To QuickBooks Users
Revolut To Extend Open Banking APIs To QuickBooks Users
October 30, 2019  |  Partnerships / Acquisitions

Revolut for Business will now allow businesses registered in the U.K. to make a direct and secure connection into the Intuit QuickBooks Online accounting platform...

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Citi Explores The Real-Time User Experience
Citi Explores The Real-Time User Experience
October 30, 2019  |  B2B Payments

The payments industry has been riding the wave of shifting consumer habits and demands, placing the end-user experience at the forefront of new products, services...

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Koyo FinTech Raises $4.9M To Assist Underbanked UK Borrowers
Koyo FinTech Raises $4.9M To Assist Underbanked UK Borrowers
October 29, 2019  |  Investments

FinTech startup Koyo, which uses Open Banking to offer loans to underbanked U.K. borrowers, announced that it has raised $4.9 million in funding. The round,...

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Coconut Connects With UK SMB Bank Accounts
Coconut Connects With UK SMB Bank Accounts
October 28, 2019  |  B2B Payments

Smart accounting app Coconut aims to automate bookkeeping for self-employed and small businesses (SMBs) around the U.K. Starting next month, customers that have a current...

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What The World Can Learn From New Zealand FinTech
What The World Can Learn From New Zealand FinTech
October 25, 2019  |  Digital Banking

New Zealand is a country that can be easy to overlook when it comes to FinTech. But the story of how payments are evolving there...

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Multi-Bank Connectivity Puts The Pressure On Treasury Tech
Multi-Bank Connectivity Puts The Pressure On Treasury Tech
October 24, 2019  |  B2B Payments

Financial institutions are investing significantly in embracing online banking and supporting a positive digital experience for their end-users. But when a multinational organization has dozens,...

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Open Banking Expands Its Horizons For Small Business Finserv
Open Banking Expands Its Horizons For Small Business Finserv
October 21, 2019  |  B2B Payments

The evolution of financial services has opened the door for open banking to take place. While in the U.K., Europe and elsewhere, regulations mandate that...

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What Faster Payments Means For SMBs’ Multi-Bank Relationships
What Faster Payments Means For SMBs’ Multi-Bank Relationships
October 17, 2019  |  B2B Payments

Without regulatory mandates, the Open Banking wave is crashing on the shores of the U.S. financial services (FinServ) sector. Market pressures and more sophisticated demands...

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Codat Pulls SMB Accounting Into The Open Banking Fold
Codat Pulls SMB Accounting Into The Open Banking Fold
October 16, 2019  |  B2B Payments

Small business (SMB) accounting FinTech Codat is teaming up with five°degrees to join its Open Banking partnership, according to Verdict on Tuesday (Oct. 15). London-based...

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