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.

VibePay Being Tested With 1K Members In UK 
VibePay Being Tested With 1K Members In UK 
September 30, 2019  |  Mobile Applications

The London-based social payment app VibePay is being trialed with 1,000 Vibe members, the company announced in a press release on Monday (Sept. 29). Get...

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HSBC Deploys Trade Finance API For Partner Banks
HSBC Deploys Trade Finance API For Partner Banks
September 27, 2019  |  B2B Payments

HSBC is continuing its open banking strategy with the deployment of a new application programming interface (API) designed to promote bank collaboration to facilitate trade...

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UK’s Nationwide Makes Open Banking FinTech Investments
UK’s Nationwide Makes Open Banking FinTech Investments
September 24, 2019  |  B2B Payments

U.K. financial institution Nationwide Building Society has made an investment in open banking FinTech BankiFi, the companies revealed in an announcement Monday (Sept. 23). Get...

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Amex Launches Pay By Bank
Amex Launches Pay By Bank
September 23, 2019  |  Digital Payments

American Express announced it is planning to roll out a new real-time product that will let U.K. consumers pay for goods and services online, the...

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Banks’ Definitive B2B Payments Guide To Sibos
Banks’ Definitive B2B Payments Guide To Sibos
September 23, 2019  |  B2B Payments

Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another...

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Deutsche Bank Takes Stake In Open Banking FinTech
Deutsche Bank Takes Stake In Open Banking FinTech
September 19, 2019  |  Partnerships / Acquisitions

Deutsche Bank has acquired a 4.9 percent stake in the German-based FinTech Deposit Solutions, according to a Deutsche Bank press release on Thursday (Sept. 19)....

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Open Banking Startup Bud Lays Off One-Fifth Of Workforce
Open Banking Startup Bud Lays Off One-Fifth Of Workforce
September 18, 2019  |  B2B Payments

Open banking FinTech startup Bud is reportedly laying off up to one-fifth of its staff just months after announcing a $20 million fundraise, The Telegraph...

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FinTech/API Efforts Gain Ground in Europe
FinTech/API Efforts Gain Ground in Europe
September 18, 2019  |  B2B Payments

Open banking is opening doors for FinTech and FI collaborations, where cross pollination of financial services and products is gathering momentum.  In Europe, new offerings...

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SWIFT Reveals New API Standard For Pre-Authorization Of Funds
SWIFT Reveals New API Standard For Pre-Authorization Of Funds
September 05, 2019  |  Digital Banking

A new API standard for the pre-authorization of funds is being rolled out by SWIFT, clearing a path for a revolution in financial services enabled...

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