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.

Paysend Wields Open Banking For Business Account Services
Paysend Wields Open Banking For Business Account Services
October 10, 2019  |  B2B Payments

U.K. FinTech Paysend is launching a new service for corporates to access integrated banking and payment services, the result of a collaboration with open banking...

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Trending: How EU Regulators Are Complicating SCA Compliance
Trending: How EU Regulators Are Complicating SCA Compliance
October 07, 2019  |  Regulation

Strong Customer Authentication (SCA) is just weeks-old and already mired in controversy. Merchants in the European Union (EU) are still wondering exactly what changes the...

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How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking
How Small FIs’ SMB Lending Journeys Nudge The US Toward Open Banking
October 04, 2019  |  B2B Payments

To service Main Street businesses, it’s an obvious advantage for a financial institution to actually be on Main Street. For community banks and credit unions,...

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Trade Finance Gets Boost Via Banks, APIs
Trade Finance Gets Boost Via Banks, APIs
October 03, 2019  |  B2B Payments

HSBC debuts a new API geared toward trade finance. Separately, cross-border payments embrace business payments using XRP. In Russia, eight banks sign on to the Russian...

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VibePay Being Tested With 1K Members In UK 
VibePay Being Tested With 1K Members In UK 
September 30, 2019  |  Mobile Applications

The London-based social payment app VibePay is being trialed with 1,000 Vibe members, the company announced in a press release on Monday (Sept. 29). VibePay...

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HSBC Deploys Trade Finance API For Partner Banks
HSBC Deploys Trade Finance API For Partner Banks
September 27, 2019  |  B2B Payments

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade...

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UK’s Nationwide Makes Open Banking FinTech Investments
UK’s Nationwide Makes Open Banking FinTech Investments
September 24, 2019  |  B2B Payments

U.K. financial institution Nationwide Building Society has made an investment in open banking FinTech BankiFi, the companies revealed in an announcement Monday (Sept. 23). With...

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Amex Launches Pay By Bank
Amex Launches Pay By Bank
September 23, 2019  |  Digital Payments

American Express announced it is planning to roll out a new real-time product that will let U.K. consumers pay for goods and services online, the...

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