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.

Trustly UK Transaction Value Hits $16 Billion for H1 2024
Trustly UK Transaction Value Hits $16 Billion for H1 2024
August 13, 2024  |  Digital Payments

Open banking payments firm Trustly says it has seen a surge in transaction value. Get the Full Story Complete the form to unlock this article and enjoy...

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46% of US Consumers Say They’re Ready for Open Banking
46% of US Consumers Say They’re Ready for Open Banking
July 30, 2024  |  Digital-First Banking

As younger and affluent consumers drive the trend, open banking payments stand on the verge of widespread acceptance. This payment method, which allows users to...

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UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
UK’s Open Banking Milestone: What 10 Million Users Mean for UK’s Financial Services Future
July 29, 2024  |  Banking

While open banking starts to gain traction in the U.S., across the pond the banking and payments sector is celebrating milestones. Last week it celebrated...

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NAB and Plenti Team on Pay by Bank for Loan Repayments
NAB and Plenti Team on Pay by Bank for Loan Repayments
July 24, 2024  |  Partnerships

Australian bank NAB has launched a collaboration with FinTech lender Plenti. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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FedNow’s First Year: Path to Critical Mass Requires Time and Education
FedNow’s First Year: Path to Critical Mass Requires Time and Education
July 24, 2024  |  Digital Payments

A year after its launch, the FedNow® Service, the instant payment service introduced by the U.S. central bank last July 20, has seen 900 banks sign...

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Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
Open Banking Faces Challenges as Banks Urge Delay in New Data Rules
July 19, 2024  |  Bank Regulation

Open banking, as it emerges more fully in the United States, promises to bring personalized services and products to customers, expanding financial access. Get the...

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Cloud Security 101: Treasury Releases Essential Guidelines for FIs
Cloud Security 101: Treasury Releases Essential Guidelines for FIs
July 17, 2024  |  Cloud Banking

Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. Get the Full Story Complete the form to unlock this article...

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Banking Sector Seeks More Time on CFPB Open Banking Rule
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024  |  CFPB

The banking industry wants more time to comply with a new rule governing consumer financial data. Get the Full Story Complete the form to unlock...

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Trustly Lays Out Vision for Open Banking at Retail
Trustly Lays Out Vision for Open Banking at Retail
July 16, 2024  |  Payments Innovation

Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options. Get...

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