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.

TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform
TransferWise Formally Rolls Out PayNow Payments; Klarna Unveils Open Banking Platform
March 28, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes the formal rollout of payments via PayNow with the U.K.’s...

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The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
The Search For Relief From Banks’ ‘Suffocating’ Legacy Infrastructure
March 28, 2019  |  B2B Payments

FinTech competition quickly ended banks’ practice of turning a blind eye to a lack of digital offerings. With more options than ever, customers demand better...

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Customer Awareness Is Key For PSD2 Adoption In The Netherlands
Customer Awareness Is Key For PSD2 Adoption In The Netherlands
March 25, 2019  |  Regulation

The implementation of PSD2 represents an opportunity for countries to overhaul their financial infrastructures, forcing them to upgrade older systems so businesses and FIs can...

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Deep Dive: PSD2, Open Banking And Consumer Trust
Deep Dive: PSD2, Open Banking And Consumer Trust
March 25, 2019  |  Regulation

PSD2’s open banking initiatives often rely on APIs, which allow banks, merchants and third-party providers to access more data and process more transactions than they...

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Why The Netherlands Waited A Year To Roll Out PSD2
Why The Netherlands Waited A Year To Roll Out PSD2
March 22, 2019  |  Regulation

With PSD2 becoming firmly planted in the European Union (EU), more markets are integrating the regulation into their financial systems, and prepping for changes in...

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Can PSD2 Get Past Its GDPR Problem As Deadlines Hit?
Can PSD2 Get Past Its GDPR Problem As Deadlines Hit?
March 14, 2019  |  Regulation

Ladies and gentlemen, it has finally arrived. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Mobile Devices Take On SMB FinTech Functionality, Usability
Mobile Devices Take On SMB FinTech Functionality, Usability
March 13, 2019  |  B2B Payments

As the financial services space focuses on digitizing offerings for their small business customers, much of these efforts are targeting online banking portals accessed via...

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UK Study Finds Broad FI Support For Open Banking
UK Study Finds Broad FI Support For Open Banking
March 13, 2019  |  B2B Payments

Forrester finds that a significant number of FIs in the U.K. are optimistic about open banking’s ability to cut costs and foster better client experiences. Meanwhile,...

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