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.

Token CEO: Why Open Banking Is Really ‘Closed Banking’
Token CEO: Why Open Banking Is Really ‘Closed Banking’
June 10, 2019  |  Bank Regulation

Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API...

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Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
June 07, 2019  |  News

Yes, the weekend has arrived! We don’t know about you, but it was a busy week for PYMNTS, given all the news coming from the...

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How New Entrepreneurs Usher Open Banking Into SMB FinServ
How New Entrepreneurs Usher Open Banking Into SMB FinServ
June 06, 2019  |  B2B Payments

Bank branch closures have some analysts, and even the banks themselves, on high alert. Researchers found a 2.2 percent drop in the number of U.S....

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Ordo, CGI Collaborate To Combat Invoice Payments Fraud
Ordo, CGI Collaborate To Combat Invoice Payments Fraud
June 06, 2019  |  B2B Payments

Business consultancy CGI has announced a collaboration with invoice payments FinTech Ordo to develop a service that combats fraud for both payers and payees. Get...

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 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. Get the Full Story Complete the form to unlock this...

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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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