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.

Weavr to Close Its Recently Acquired Open Banking Payments App
Weavr to Close Its Recently Acquired Open Banking Payments App
October 02, 2023  |  B2B Payments

London-based embedded finance provider Weavr has said it will close its open banking payments app, Comma. Get the Full Story Complete the form to unlock this...

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Europe Offers Lessons for Open Banking’s US Merchant Payments Path
Europe Offers Lessons for Open Banking’s US Merchant Payments Path
October 02, 2023  |  Payment Methods

According to Link Money CEO Eric Shoykhet, open banking in the United States is taking shape but needs some education in the mix to reach...

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Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
Apple Adds Open Banking-Powered Capabilities to iPhone Wallet in UK
September 29, 2023  |  Apple

Apple has reportedly soft launched an iPhone Wallet app integration that provides users in the United Kingdom with their current account balances and transaction histories. Get...

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Visa Canada Appoints Sam Fuda to Head Commercial and Money Movement
Visa Canada Appoints Sam Fuda to Head Commercial and Money Movement
September 12, 2023  |  Personnel

Visa Canada has announced the appointment of Sam Fuda as the new vice president, head of commercial and money movement (CMS), Canada. Get the Full Story Complete the...

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Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
Real-Time Payments Pave Way for Further Adoption of Platform-as-a-Service Models
September 12, 2023  |  Payment Methods

Steve Cook, chief technology officer at Form3, said in an interview with PYMNTS that the Platform-as-a-Service model is seeing a tailwind from the rise of...

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Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
Multi-Factor Approach Protects Banks From Fraudsters Seeking Vulnerabilities
September 12, 2023  |  Cybersecurity

Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, noted in an interview that banks’ customers (consumers and enterprises) are prime...

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PayPoint Offers Pay by Bank to UK Energy Customers
PayPoint Offers Pay by Bank to UK Energy Customers
September 11, 2023  |  Payment Methods

Digital payments firm PayPoint is offering a new pay-by-bank service. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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NFC Poised to Become Big Tech, Open Banking Battleground
NFC Poised to Become Big Tech, Open Banking Battleground
September 11, 2023  |  Payment Methods

Consumer choice is at the heart of open banking, and, according to the Consumer Financial Protection Bureau (CFPB), open ecosystems and interoperability are among the...

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BNY Mellon Teams With Trustly to Launch ‘Bankify’
BNY Mellon Teams With Trustly to Launch ‘Bankify’
September 07, 2023  |  Partnerships

BNY Mellon has teamed with payments company Trustly to launch Bankify, an open banking payments solution. Get the Full Story Complete the form to unlock this article and...

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