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.

Bank Regulators Worry About Merger Systemic Risks, Banks About Fraud

Bank Regulators Worry About Merger Systemic Risks, Banks About Fraud
Bank Regulators Worry About Merger Systemic Risks, Banks About Fraud
March 22, 2024  |  Banking

Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC), recently voiced support for a new proposal by Federal Deposit Insurance...

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FinTech and Bank Partnerships Will Boost Open Banking in the US
FinTech and Bank Partnerships Will Boost Open Banking in the US
March 21, 2024  |  Banking

Dave Scola, CEO, U.S. at Form3, said the transformation of banking and financial services is demanding collaboration between traditional banks and digital upstarts. Get the Full...

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CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
CFPB Head Puts Those Who Intend to ‘Weaponize’ Open Banking on Notice
March 19, 2024  |  Banking

The U.S.’s top consumer protection watchdog is on the lookout for financial services industry players hoping to game open banking for their own benefit.  Get...

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New Study Shows Big Gap Between Open Banking Interest and Use
New Study Shows Big Gap Between Open Banking Interest and Use
March 19, 2024  |  Payments Innovation

Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one...

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Loyalty Apps Leverage Open Banking to Help Consumers Save More, Spend Smarter 
Loyalty Apps Leverage Open Banking to Help Consumers Save More, Spend Smarter 
March 18, 2024  |  Loyalty & Rewards

Despite a recent decrease in inflation rates, consumers remain cautious in their spending habits, wary of the economic uncertainties ahead.  Get the Full Story Complete the form...

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Open Banking Allows More SMB Data to Be Used in Financing Decisions
Open Banking Allows More SMB Data to Be Used in Financing Decisions
March 18, 2024  |  SMBs

Small- to medium-sized businesses (SMBs) represent a puzzle that banks have long struggled to solve. Get the Full Story Complete the form to unlock this...

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GoCardless Aims to Acquire Nuapay, Add Disbursement Capabilities
GoCardless Aims to Acquire Nuapay, Add Disbursement Capabilities
March 15, 2024  |  Partnerships

Bank payment company GoCardless plans to grow its indirect channel offering with an acquisition of Sentenial, which operates under the Nuapay brand. Get the Full...

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Klarna Adds Open Banking for UK Customers
Klarna Adds Open Banking for UK Customers
March 14, 2024  |  Banking

Swedish payments FinTech Klarna is now offering open banking-powered settlements in the U.K.  Get the Full Story Complete the form to unlock this article and enjoy...

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