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.

Visa Shifts Open Banking Focus Away From US
Visa Shifts Open Banking Focus Away From US
August 22, 2025  |  Bank Regulation

Visa shut its open banking business in the U.S., Bloomberg reported Friday (Aug. 22), citing unnamed sources. Get the Full Story Complete the form to unlock this...

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Small Banks Brace for Big Bills in Open Banking Reset
Small Banks Brace for Big Bills in Open Banking Reset
August 22, 2025  |  Bank Regulation

With the Consumer Financial Protection Bureau reopening its open banking rule under Section 1033, the central questions over who pays for what data and how...

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CFPB Presses to Rewrite Open Banking Rule
CFPB Presses to Rewrite Open Banking Rule
August 21, 2025  |  CFPB

The Consumer Financial Protection Bureau is seeking comments that will inform its implementation of the open banking rule, Rule 1033. Get the Full Story Complete...

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Banks Challenge Open Banking Deadlines as CFPB Mulls Revisions
Banks Challenge Open Banking Deadlines as CFPB Mulls Revisions
August 14, 2025  |  CFPB

Even as the Consumer Financial Protection Bureau signals its intent to overhaul its sweeping open banking rule, U.S. banks say they risk spending millions of...

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EBay Unveils AI-Powered Seller Tools and Open Banking-Powered Financing
EBay Unveils AI-Powered Seller Tools and Open Banking-Powered Financing
August 14, 2025  |  eCommerce

EBay unveiled more seller tools and an open banking-powered financing solution for sellers. Get the Full Story Complete the form to unlock this article and...

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FinTech Leaders Ask Trump to Block Banks’ ‘Account Access’ Fees
FinTech Leaders Ask Trump to Block Banks’ ‘Account Access’ Fees
August 14, 2025  |  Banking

More than 80 leaders of FinTech companies, crypto companies and other firms involved with open banking signed a public letter asking President Donald Trump to...

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UK’s FCA Seeks Feedback on Future Open Banking Standard-Setting Body
UK’s FCA Seeks Feedback on Future Open Banking Standard-Setting Body
August 08, 2025  |  Regulation

The U.K.’s Financial Conduct Authority (FCA) will continue to engage with the industry as it works to establish a new standard-setting body for open banking...

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CFPB Tells Court It Will Rewrite Rule 1033
CFPB Tells Court It Will Rewrite Rule 1033
July 29, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) asked a judge Tuesday (July 29) to stay a lawsuit challenging the open banking rule implemented last year by the...

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FinTechs and Retailers Press President Trump on Rule 1033
FinTechs and Retailers Press President Trump on Rule 1033
July 25, 2025  |  Regulation

For open banking to function, traditional financial institutions and FinTechs must collaborate as data is passed from the traditional players to digital innovators, forging new...

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