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.
PYMNTS Intelligence: Impending Open Banking Rules Make Bank-FinTech Collaboration a Must
PYMNTS Intelligence: Impending Open Banking Rules Make Bank-FinTech Collaboration a Must
June 06, 2023  |  Banking

Banks’ and FinTechs’ pursuit of collaboration in recent years is an especially positive development, given that United States regulation around open banking likely will make...

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Mastercard Expands Open Banking Capabilities With Algoan Partnership
Mastercard Expands Open Banking Capabilities With Algoan Partnership
June 06, 2023  |  Authentication

Mastercard is expanding its European open banking capabilities with a new account owner verification tool. The company’s verification solution, announced Tuesday (June 6) in a...

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CFOs Learn That Uncertainty Is the Only Certainty in 2023
CFOs Learn That Uncertainty Is the Only Certainty in 2023
June 06, 2023  |  B2B Payments

As the saying goes, failing to prepare is preparing to fail. Nowhere is Benjamin Franklin’s aphorism truer than in the finance department. Ongoing geopolitical and...

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An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
An Industry Insider on the Growing Importance of Compliance in Bank-FinTech Relationships
June 05, 2023  |  Banking

Nearly all banks view FinTech partnerships as important, but the partnership dynamics will be put to the test as new open banking regulations go into...

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US Open Banking Regulations Will Force More Bank-FinTech Collaboration
US Open Banking Regulations Will Force More Bank-FinTech Collaboration
June 02, 2023  |  Banking

A changing financial industry is transforming the relationship between traditional banks and FinTechs. In the past, banks largely regarded FinTechs as formidable competitors, if not...

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Open Banking Drives Instant, Large-Ticket Financing in Europe 
Open Banking Drives Instant, Large-Ticket Financing in Europe 
May 24, 2023  |  Buy Now Pay Later

Buoyed by changing consumer habits in the wake of the pandemic, the buy now, pay later (BNPL) financing model has exploded in recent years, with...

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PYMNTS Intelligence: How Open Banking Drives Instant Payment Implementations
PYMNTS Intelligence: How Open Banking Drives Instant Payment Implementations
May 23, 2023  |  Real-Time Payments

Instant payments are quickly growing in popularity in the United States and abroad, but their adoption has often been hampered by a need to interface...

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An Insider on Accelerating Open Banking for Real-Time Payments
An Insider on Accelerating Open Banking for Real-Time Payments
May 22, 2023  |  Real-Time Payments

Open banking could unlock the next step in real-time payments’ evolution by bringing them directly to consumers through banks’ APIs — but acceptance in the...

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BNPL Helps UK Consumers Manage Expensive Vehicle Repair Costs
BNPL Helps UK Consumers Manage Expensive Vehicle Repair Costs
May 22, 2023  |  Buy Now Pay Later

Ukraine war-induced supply chain disruptions coupled with a biting cost of living crisis in Europe have led to a record slump in new car sales in the...

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