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.

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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Ntropy and Yapily Partner to Enhance Financial Data Standardization in UK, Europe
Ntropy and Yapily Partner to Enhance Financial Data Standardization in UK, Europe
September 05, 2023  |  Partnerships

Financial data standardization solution provider Ntropy has formed a partnership with open banking API infrastructure firm Yapily to enhance financial data standardization in the U.K....

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Open Banking’s Consumer Benefits Hinge on Widespread Adoption
Open Banking’s Consumer Benefits Hinge on Widespread Adoption
September 05, 2023  |  Banking

Ross McFerrin, vice president of enterprise growth at Trustly, told PYMNTS in an interview that some fundamental questions are being asked about open banking. Get the...

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Acquired.com Unveils Tool to Promote UK Open Banking
Acquired.com Unveils Tool to Promote UK Open Banking
September 04, 2023  |  Banking

Acquired.com, a United Kingdom FinTech, has debuted a tool to help merchants offer open banking payments. Get the Full Story Complete the form to unlock...

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Open Banking’s US Success Will Be Use-Case Specific
Open Banking’s US Success Will Be Use-Case Specific
September 01, 2023  |  Banking

At first glance the latest open banking stats coming out of the U.K. might hint at a seismic shift in payments across the pond. Get...

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