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.

Banks’ Definitive B2B Payments Guide To Sibos
Banks’ Definitive B2B Payments Guide To Sibos
September 23, 2019  |  B2B Payments

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another...

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Deutsche Bank Takes Stake In Open Banking FinTech
Deutsche Bank Takes Stake In Open Banking FinTech
September 19, 2019  |  Partnerships / Acquisitions

Deutsche Bank has acquired a 4.9 percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. 19)....

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Open Banking Startup Bud Lays Off One-Fifth Of Workforce
Open Banking Startup Bud Lays Off One-Fifth Of Workforce
September 18, 2019  |  B2B Payments

Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph...

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FinTech/API Efforts Gain Ground in Europe
FinTech/API Efforts Gain Ground in Europe
September 18, 2019  |  B2B Payments

Open banking is opening doors for FinTech and FI collaborations, where cross pollination of financial services and products is gathering momentum.  In Europe, new offerings...

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SWIFT Reveals New API Standard For Pre-Authorization Of Funds
SWIFT Reveals New API Standard For Pre-Authorization Of Funds
September 05, 2019  |  Digital Banking

A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in financial services enabled...

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Deep Dive: How Open Banking Can Help Credit Unions Succeed
Deep Dive: How Open Banking Can Help Credit Unions Succeed
August 29, 2019  |  Credit Unions

 The market share of credit unions is only a fraction of their larger bank counterparts, but they tend to inspire a greater sense of loyalty...

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How Open Banking Can Benefit Credit Unions
How Open Banking Can Benefit Credit Unions
August 28, 2019  |  Credit Unions

While all financial institutions (FIs) operate on customer relationships, trust and loyalty can play a larger role for credit unions. According to PYMNTS’ Credit Union...

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Report: Data Key To Credit Union Member Retention
Report: Data Key To Credit Union Member Retention
August 27, 2019  |  Credit Unions

One of the largest factors that sets credit unions (CUs) apart from large banks and FinTech providers is their emphasis on member relations. According to...

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Bottomline Doubles Down On Data Intelligence For FY 2020
Bottomline Doubles Down On Data Intelligence For FY 2020
August 09, 2019  |  Earnings

Commercial payments firm Bottomline Technologies is doubling-down on data intelligence after posting an 11 percent year-on-year increase in subscription and transaction revenues for the fourth...

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