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.

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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Young Canadians Want Simple, Convenient Payments
Young Canadians Want Simple, Convenient Payments
May 13, 2019  |  International

A new study by Payments Canada shows that while Canadians are slowly moving away from cash, they still want options, especially the younger generation. Get...

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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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