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.

Open Banking Connects iwoca To Lloyds Account Data
Open Banking Connects iwoca To Lloyds Account Data
November 01, 2018  |  B2B Payments

U.K.-based alternative small business lender iwoca is linking into data from Lloyd’s Bank accounts to streamline loan underwriting for joint customers. Get the Full Story...

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How PSD2 And Open Banking Impact Security
How PSD2 And Open Banking Impact Security
October 29, 2018  |  Security & Fraud

In the latest Digital Fraud Tracker Deep Dive, PYMNTS examines the authentication challenges posed by PSD2, GDPR and other data sharing initiatives.

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Treasurers Begin Exploring New Open Banking Opportunities (And Risks)
Treasurers Begin Exploring New Open Banking Opportunities (And Risks)
October 23, 2018  |  B2B Payments

Open Banking regulations have gotten FinTech innovators’ brains churning over how to take advantage of the troves of data that traditional banks have typically kept...

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It’s Trust Over Tech For SMBs Choosing A Bank
It’s Trust Over Tech For SMBs Choosing A Bank
October 22, 2018  |  B2B Payments

Despite the rise of FinTech firms and challenger banks hoping to offer small businesses (SMBs) a better banking experience, large traditional financial institutions (FIs) continue...

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SWIFT Exit For Iran As Sanctions Loom?
SWIFT Exit For Iran As Sanctions Loom?
October 18, 2018  |  B2B Payments

SWIFT controversy over the messaging system’s place on the world stage continues, and U.S. sanctions toward Iran loom. Elsewhere, digital payments are on the rise, and...

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Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow
Ninth Wave On Making Open Banking An Easier Pill For US Banks To Swallow
October 11, 2018  |  B2B Payments

It’s no surprise the financial service industry’s move toward open banking may not be the most favorable trend among banks. With data considered under ownership...

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How Instantor Uses APIs For World Domination
How Instantor Uses APIs For World Domination
October 10, 2018  |  API

Old-school FIs typically rely on outdated consumer data from credit bureaus to review a consumer’s financial viability. However, APIs can help FIs review transactional bank...

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SkySparc Enhances Treasury Data Analytics
SkySparc Enhances Treasury Data Analytics
October 04, 2018  |  B2B Payments

SkySparc is enhancing its data analytics solution designed for bank and corporate treasury and finance functions, according to a press release issued Thursday (Oct. 4)....

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Survey Shows EU Treasurers Find PSD2 Irrelevant
Survey Shows EU Treasurers Find PSD2 Irrelevant
October 02, 2018  |  B2B Payments

The European Union’s (EU’s) updated Payment Services Directive (PSD2) and Open Banking regulations have been hailed as having widespread impacts on the region’s financial services...

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