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.

ISO 20022, Open Banking Will Transform Cross-Border Payments

ISO 20022, Open Banking Will Transform Cross-Border Payments
ISO 20022, Open Banking Will Transform Cross-Border Payments
October 26, 2023  |  Cross-border Payments

Nilesh Dusane, global head of institutional payments at Amazon Web Services (AWS), told Karen Webster that there’s one common refrain among financial institutions (FIs) and...

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Link Money CEO: Payment Innovations Win on Cost, Not Capability
Link Money CEO: Payment Innovations Win on Cost, Not Capability
October 26, 2023  |  Payments Innovation

Innovations in payments have paved the path to progress throughout history. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
Deserve Adds Digital Processing Capabilities to Credit Card Issuing Platform
October 24, 2023  |  Digital Payments

Deserve, a mobile-first credit card issuing platform, launched new digital processing capabilities that aim to help banks and credit unions transform digital payment experiences. Get...

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Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
Contactless Transactions Mark ‘What’s Next’ in Payments Innovation
October 24, 2023  |  Credit Unions

The continued rise of contactless payments may be among the most notable payments trends of the year, and it could pave the way for innovations...

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CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
CFPB’s New Open Banking Rule Targets Data-Sharing Consistency
October 19, 2023  |  CFPB

The Consumer Financial Protection Bureau’s open banking rule is a rough draft. Get the Full Story Complete the form to unlock this article and enjoy...

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Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
Fiserv: Plaid Data-Sharing Partnership Lets Consumers Ditch Account Credentials
October 18, 2023  |  Authentication

Data sharing — and open banking — are due for a quantum leap forward in the United States. Get the Full Story Complete the form...

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95% of Payouts to Bank Accounts Don’t Happen in Real Time
95% of Payouts to Bank Accounts Don’t Happen in Real Time
October 13, 2023  |  Real-Time Payments

The rise of open banking is evolving banks as we know it. Instead of traditional banks keeping consumer financial data solely within their closed systems,...

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Fiserv Forges Data-Sharing Partnership With Plaid
Fiserv Forges Data-Sharing Partnership With Plaid
October 12, 2023  |  Partnerships

Payments and financial services technology provider Fiserv and data network Plaid launched a data-sharing partnership. Get the Full Story Complete the form to unlock this...

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CFPB Director Calls for Stronger Data Protections
CFPB Director Calls for Stronger Data Protections
October 06, 2023  |  CFPB

Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), has reportedly expressed concerns about the potential risks posed by payment systems that enable excessive surveillance and...

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