Open Banking

Africa-focused payments technology company Flutterwave has acquired open banking infrastructure provider Mono. “The transaction deepens Flutterwave’s long-term commitment to building a connected, interoperable financial system for Africa and positions open banking as a core ...

Once sharply focused on an expansive enforcement agenda, the Consumer Financial Protection Bureau (CFPB) has reprioritized matters it pursues, amended or scaled back certain actions, and faces an (at best) ...

Dutch financial services provider Mollie is acquiring UK bank payment company GoCardless. The deal, announced Thursday (Dec. 11), is designed to create a single provider of card payments, local methods and ...

The chairman and vice chairman of the House Financial Services Committee are encouraging the Consumer Financial Protection Bureau (CFPB) to protect consumer choice and financial data privacy as it writes ...

Credit reporting agency Experian introduced its “Credit + Cashflow Score” offering. The new model, the first of its kind, combines Experian’s credit, alternative and trended data, and consumer-permissioned banking information into ...

Payments technology company ACI Worldwide has acquired financial messaging/open banking solutions provider Payment Components. With this acquisition, ACI plans to integrate Payment Components technology into ACI Connetic, its cloud-native unified payments platform, the company announced Monday ...

Cryptocurrency exchange Coinbase has launched a partnership with the Visa-owned open banking platform Tink. The collaboration is designed to allow crypto purchases via pay by bank in Germany, Tink wrote in ...

Open banking’s path toward implementation took another turn on Wednesday (Oct. 29) when the U.S. District Court for the Eastern District of Kentucky enjoined the Consumer Financial Protection Bureau from ...

The Consumer Financial Protection Bureau received 13,979 public comments on its plan to revise rules governing data sharing under Section 1033 of the Dodd-Frank Act. The flood of feedback, a ...

Consumer payments platform Zilch has launched an open banking partnership with Plaid. The collaboration, announced Tuesday (Oct. 21) is designed to integrate open banking into Zilch’s repayment system as the company ...

The United Kingdom’s Financial Conduct Authority has partnered with Raidiam to help firms simulate and test data sharing in support of open finance. Raidiam will provide the companies participating in the ...

JOI Gaming has picked Trustly as its main payment provider for the Dutch market. The partnership, announced Monday (Sept. 22), is designed to allow for instant payouts and seamless deposits into iDEAL, the Dutch ...

Most consumers in the United States aren’t saying no to pay by bank. They’re saying, “What’s that?” The simple knowledge gap, more than cost or convenience, may be the reason open ...

Watch more: TechReg Talks: Bill Roberts, Cambridge University Judge Business School The United Kingdom’s open banking experiment began with high hopes and hard lessons. Adoption has grown steadily, with millions of ...

The deadline is not till Oct. 21, but ongoing public and private sector commentary on the Consumer Financial Protection Bureau’s 1033 rule reveals early contours of an intense policy debate ...

Specialist payments orchestration platform Paytently launched an open banking partnership with Mastercard. Paytently Open Banking is an account-to-account payment option powered by Mastercard Open Finance, the company said in a news ...

U.K.-based FinTech Revolut has added an open banking tool to its payments Gateway offering. This new feature lets businesses accept fast, secure payments from a customer’s bank account, and comes amid a surge ...

Stripe said in comments submitted to the Consumer Financial Protection Bureau (CFPB) that while the regulator finalizes its revisions to the open banking rule, Rule 1033, it should ensure that ...

In the battle to keep customers and attract new ones, open banking is a key differentiator for credit unions, propelling top performers ahead while many others lag, potentially missing a ...

New data found that nearly a third of all adults in the United Kingdom now use open banking services. Figures from Open Banking Limited showed that more than 15.6 million people ...

Open banking in the United States is in flux, characterized by fragmented private efforts and escalating bank-FinTech tension, while Europe evolves under regulation-driven market frameworks. It may be the case that ...

Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources. The move was also reported Friday by Reuters. In a statement provided to both media outlets, a Visa spokesperson ...

With the Consumer Financial Protection Bureau reopening its open banking rule under Section 1033, the central questions over who pays for what data and how much it will cost banks ...

The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033. The agency said in an advance notice of proposed rulemaking (ANPR) ...

Even as the Consumer Financial Protection Bureau signals its intent to overhaul its sweeping open banking rule, U.S. banks say they risk spending millions of dollars as soon as next ...

EBay unveiled more seller tools and an open banking-powered financing solution for sellers. The new tools for U.S. sellers include an artificial intelligence assistant for messaging that uses information in the ...

More than 80 leaders of FinTech companies, crypto companies and other firms involved with open banking signed a public letter asking President Donald Trump to prevent banks from charging “account ...

The U.K.’s Financial Conduct Authority (FCA) will continue to engage with the industry as it works to establish a new standard-setting body for open banking later this year. This new body ...

The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the Bureau’s previous leadership under the ...

For open banking to function, traditional financial institutions and FinTechs must collaborate as data is passed from the traditional players to digital innovators, forging new products and services set on ...

United Kingdom telecommunications company Virgin Media O2 (VMO2) plans to adopt Trustly’s open banking services so it can offer VMO2 customers direct debit account automation and one-off pay-by-bank payments. VMO2 will ...

JPMorgan released second-quarter earnings results Tuesday (July 15) that spotlighted a thus far negligible impact from tariffs. Chief Financial Officer Jeremy Barnum told analysts during a conference call that consumers and ...

In his 2024 annual letter to shareholders, released April 7, JPMorgan CEO Jamie Dimon wrote that “a new battle is brewing. Third parties want full access to banks’ customer data ...

JPMorgan has reportedly told FinTechs it will begin charging for access to customer bank info. That’s according to a report Friday (July 11) from Bloomberg News, which noted these fees from ...

Open banking, and specifically pay by bank, promises to transform commerce by letting consumers make purchases and funds transfers directly from their accounts. But as PYMNTS Intelligence has demonstrated over the ...

Stripe has teamed with open banking provider TrueLayer to expand its pay-by-bank offering. The two companies had collaborated to launch a pay-by-bank offerings in the U.K., and will now bring that partnership to France ...

Open banking is proving to be a work in progress, certainly on the regulatory front in the United States, and in terms of technical issues too.  As PYMNTS reported in May, ...

Watch more: From Infrastructure to Analytics: The Plaid Playbook The form factors of finance are undergoing radical transformation, shifting from physical transactions and paper trails to embedded digital experiences and autonomous ...

HSBC became a strategic investor in Token.io to help accelerate the growth of Token.io’s pay-by-bank infrastructure. The move extends a collaboration in which Token.io has powered the HSBC Open Payments solution ...

Millions of bank credentials have been exposed by the recent Coinbase hack, and they’re available on the dark web. Elsewhere, millions of neobank accounts lay dormant, and can act as ...

Deutsche Bank and Mastercard partnered to enable merchants across Europe to offer pay-by-bank functionality to their customers. The partnership will enable merchants to offer this functionality through Deutsche Bank’s Merchant Solutions, ...

It’s Monday, June 2 and at this writing the ultimate fate of Rule 1033 — the so-called “open banking” rule set in motion last year by the Consumer Financial Protection ...

Visa A2A’s latest update, announced this morning (June 2), connects card-style buyer protections onto pay-by-bank transfers, promising U.K. consumers and merchants a safety net that the market’s open-banking rails have ...

No matter what ultimately happens with the Consumer Financial Protection Bureau’s Rule 1033 (also known as the open banking rule), pay by bank is here to stay. Matt Janiga, director of ...

Has open banking lived up to its potential in Great Britain? So far, not really, the Financial Times (FT) argued in a report Monday (May 26). The report noted that opening banking ...