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.

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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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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