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.

How APIs Safeguard Bank-FinTech Collaboration

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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ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
ACI Worldwide Exec Warns APIs, ISO 20022 ‘Completely Incompatible’
April 05, 2019  |  B2B Payments

Payments messaging firm SWIFT announced Thursday (April 4) the establishment of an ISO 20022 working group to promote adoption of the payments messaging standard. But...

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PSD2’s Elephant In The Room
PSD2’s Elephant In The Room
April 02, 2019  |  Bank Regulation

Open banking is here, but baby steps abound as financial firms grapple with PSD2’s fragmented landscape.  Token.io CEO Steve Kirsch tells PYMNTS that giving users...

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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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