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 Banks Balance New SMB Tech (Without Nixing The Old)

How Banks Balance New SMB Tech (Without Nixing The Old)
How Banks Balance New SMB Tech (Without Nixing The Old)
June 11, 2019  |  B2B Payments

The U.S. banking industry is an ever-evolving machine, shaped and disrupted by FinTech, regulation and shifting customer expectations. Until recently, these changes rarely impacted the...

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Token CEO: Why Open Banking Is Really ‘Closed Banking’
Token CEO: Why Open Banking Is Really ‘Closed Banking’
June 10, 2019  |  Bank Regulation

Open Banking is brand new, but maybe not. Token.io Limited CEO Steve Kirsch tells Karen Webster that there are limitations with PSD2 amid a lack of API...

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Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
Visa-Western Union Deal And Alexa’s Roommate Potential Top The Week’s News
June 07, 2019  |  News

Yes, the weekend has arrived! We don’t know about you, but it was a busy week for PYMNTS, given all the news coming from the...

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How New Entrepreneurs Usher Open Banking Into SMB FinServ
How New Entrepreneurs Usher Open Banking Into SMB FinServ
June 06, 2019  |  B2B Payments

Bank branch closures have some analysts, and even the banks themselves, on high alert. Researchers found a 2.2 percent drop in the number of U.S....

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Ordo, CGI Collaborate To Combat Invoice Payments Fraud
Ordo, CGI Collaborate To Combat Invoice Payments Fraud
June 06, 2019  |  B2B Payments

Business consultancy CGI has announced a collaboration with invoice payments FinTech Ordo to develop a service that combats fraud for both payers and payees. Get...

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 Breaking SCA’s ‘Chain Of Doubt’
 Breaking SCA’s ‘Chain Of Doubt’
June 06, 2019  |  Authentication

PSD2 looms, and merchants are unprepared for strong customer authentication mandates. As a result, European merchants face a cascade of transaction declines. Spencer McLain, VP, EMEA at...

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The Key To Open Banking? More Bank Participation
The Key To Open Banking? More Bank Participation
June 06, 2019  |  Bank Regulation

It’s not just technology that moves the world. Culture plays a huge role — as well as the sparks that often come from the tension...

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Tencent Leads Funding For Open Banking Startup TrueLayer
Tencent Leads Funding For Open Banking Startup TrueLayer
June 05, 2019  |  B2B Payments

Chinese tech conglomerate Tencent has led a funding round in U.K. open banking startup TrueLayer. Get the Full Story Complete the form to unlock this...

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