Open Banking: The User's Guide For PSPs

New Research Shows Instant Authentication Key To Open Banking Success The risks of cyber security attacks are well known, but the dangers PSPs face from sluggish transaction processing pose a different — if not greater — threat by way of the irreparable damage they can do to good clients. In Open Banking: The User’s Guide For PSPs, a PYMNTS and TrueLayer collaboration, PYMNTS explores how new APIs are keeping things secure and seamless for payments services providers.
Inside the August Playbook
  • iGAMING: Open banking payment options enable iGaming providers’ players to fund their gaming accounts for both their first purchases and any subsequent ones.
  • ‘PLUG AND PLAY’: Open banking APIs offer reliable “plug and play” payments that allow global businesses to develop mobile apps, new platforms or eCommerce marketplaces without creating custom payments solutions.
  • WEALTH MANAGEMENT: PSPs with wealth management clients can use open banking technology to authenticate users and facilitate instant funding of accounts during onboarding and afterward.

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