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.

 Breaking SCA’s ‘Chain Of Doubt’
 Breaking SCA’s ‘Chain Of Doubt’
June 06, 2019  |  Authentication

PSD2 looms, and merchants are unprepared for strong customer authentication mandates. As a result, European merchants face a cascade of transaction declines. Spencer McLain, VP, EMEA at...

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The Key To Open Banking? More Bank Participation
The Key To Open Banking? More Bank Participation
June 06, 2019  |  Bank Regulation

It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension...

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Tencent Leads Funding For Open Banking Startup TrueLayer
Tencent Leads Funding For Open Banking Startup TrueLayer
June 05, 2019  |  B2B Payments

Chinese tech conglomerate Tencent has led a funding round in U.K. open banking startup TrueLayer. Reports in Bloomberg Tuesday (June 4) said Tencent and Singapore-based...

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Mastercard Launches Open Banking Platform To Further API Standards
Mastercard Launches Open Banking Platform To Further API Standards
June 04, 2019  |  Mastercard

Lead, follow or get out of the way — that seems to apply to the rise of Open Banking, which promises more financial services innovation, along...

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Plaid Launches Direct Funds Transfer Ecosystem
Plaid Launches Direct Funds Transfer Ecosystem
May 22, 2019  |  Innovation

A new service launched Wednesday (May 22) called Plaid Direct enables “two-way connectivity across the financial ecosystem and makes it easier for consumers to move money...

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Young Canadians Want Simple, Convenient Payments
Young Canadians Want Simple, Convenient Payments
May 13, 2019  |  International

A new study by Payments Canada shows that while Canadians are slowly moving away from cash, they still want options, especially the younger generation. People...

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