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.

In B2B, P2P, Banking And Beyond: APIs Are Coming
In B2B, P2P, Banking And Beyond: APIs Are Coming
April 16, 2019  |  API

Being open about Open Banking means adopting technological change, even though there’s no requirement to do so. As Red Hat’s Justin Goldsmith, senior consulting architect,...

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How APIs Help Banks Step Back From Siloed Business Banking
How APIs Help Banks Step Back From Siloed Business Banking
April 11, 2019  |  B2B Payments

The U.K.’s Open Banking market initiative is seeping into the U.S., and into the business banking segment, as financial institutions (FIs) explore ways to improve...

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How Open APIs Help Payors, Payees Get Down To Business
How Open APIs Help Payors, Payees Get Down To Business
April 08, 2019  |  API

Open banking is here. Open API platforms take the heavy lifting off enterprises’ shoulders as firms spanning retail, health care and real estate seek to...

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ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
April 05, 2019  |  B2B Payments

Payments messaging firm SWIFT announced Thursday (April 4) the establishment of an ISO 20022 working group to promote adoption of the payments messaging standard. But...

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PSD2’s Elephant In The Room
PSD2’s Elephant In The Room
April 02, 2019  |  Bank Regulation

Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape.  Token.io CEO Steve Kirsch tells PYMNTS that giving users...

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TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform
TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform
March 28, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the formal rollout of payments via PayNow with the U.K.’s...

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The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
March 28, 2019  |  B2B Payments

FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. With more options than ever, customers demand better...

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Customer Awareness Is Key For PSD2 Adoption In The Netherlands
Customer Awareness Is Key For PSD2 Adoption In The Netherlands
March 25, 2019  |  Regulation

The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can...

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