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.

New Zealand Makes Open Banking Progress

New Zealand Makes Open Banking Progress
New Zealand Makes Open Banking Progress
March 05, 2019  |  B2B Payments

Open Banking and APIs are making headway in New Zealand after a year-long pilot program. In the U.S. (and beyond), Signature Bank has signed on...

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Korea Regulator To Force Banks To Play Nice With FinTech Firms
Korea Regulator To Force Banks To Play Nice With FinTech Firms
February 27, 2019  |  Regulation

Korea’s Financial Services Commission is gearing up to roll out new rules that would require banks in Korea to open up their payment systems to...

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In South Korea: Calls For Greater Bank, FinTech Collaboration
In South Korea: Calls For Greater Bank, FinTech Collaboration
February 26, 2019  |  B2B Payments

Bank and non-bank collaboration gets a boost in South Korea through an interbank payment network and sandbox. Elsewhere, individual FinTech company initiatives shine a spotlight on...

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Deep Dive: How Challenger Banks Navigate Licensing Obstacles
Deep Dive: How Challenger Banks Navigate Licensing Obstacles
February 22, 2019  |  Digital Banking

Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be time-consuming, and comes...

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Adyen Launches Direct-To-Merchant Payment Service
Adyen Launches Direct-To-Merchant Payment Service
February 20, 2019  |  Digital Payments

Adyen, the payments platform, announced Wednesday (Feb. 20) it has launched a new payment service that is powered by open banking. Get the Full Story...

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Open Banking And FinTech Firms: To Clash Or Collaborate?
Open Banking And FinTech Firms: To Clash Or Collaborate?
February 15, 2019  |  Banking

Open banking in the U.K. is a reality, bringing far-flung financial data and services to a single point of interface for consumers. To get that done,...

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Mastercard Taps Token.io For Connectivity Hub
Mastercard Taps Token.io For Connectivity Hub
February 13, 2019  |  Mastercard

Token.io, the London and San Francisco-based open banking platform company, announced news on Wednesday (February 13) that Mastercard has chosen it to provide the connectivity layer for...

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Plaid Expands Auth App To All US Banks
Plaid Expands Auth App To All US Banks
February 12, 2019  |  B2B Payments

The U.K. may have been “ground zero” for Open Banking, but the collaborative model that brings together traditional financial services players and tech upstarts has...

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Lloyds Launches Open Banking App Feature
Lloyds Launches Open Banking App Feature
February 07, 2019  |  Digital Banking

Lloyds Bank, a British financial institution, has released a new feature to its banking app that will allow customers to see their accounts from other...

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