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.

Contactless Transactions Mark ‘What’s Next’ in Payments Innovation

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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >
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...

READ MORE >
Brite Raises $60 Million to Expand Instant Payments
Brite Raises $60 Million to Expand Instant Payments
October 04, 2023  |  Investments

Swedish FinTech Brite Payments has raised $60 million to expand its instant payment offering. Get the Full Story Complete the form to unlock this article and...

READ MORE >
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...

READ MORE >