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.

UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
UK’s Small Businesses Use Purchase Order Financing to Cover Big Ticket Expenses
April 26, 2023  |  Alternative Credit

Small and medium-sized businesses (SMBs) have not had a moment’s rest in the last few years. After enduring a crippling pandemic, they are now navigating...

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An Insider on Open Banking’s Power to Deliver Faster Payments
An Insider on Open Banking’s Power to Deliver Faster Payments
April 21, 2023  |  Faster Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
Sparkle COO Says Open Banking Builds Trust by Putting Consumers in Control of Their Data
April 19, 2023  |  Digital Banking

After years of advocacy, open banking is now live in Nigeria, the first country in sub-Saharan Africa to adopt the regulation. Get the Full Story...

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Plaid Adds Instant Payouts to Its Transfer Tool
Plaid Adds Instant Payouts to Its Transfer Tool
April 13, 2023  |  Faster Payments

Open banking platform Plaid says it is giving users the ability to make instant payouts. Get the Full Story Complete the form to unlock this...

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UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
UK Small Business Adoption of Open Banking Surges, Surpassing Consumer Use
April 12, 2023  |  Digital Banking

As of January this year, about 10% of U.K.’s population is using open banking services. The number of active users crossed the 7 million mark around the...

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Open Banking and Machine Learning Aid the Battle Against False Declines
Open Banking and Machine Learning Aid the Battle Against False Declines
April 12, 2023  |  Digital Banking

Elizabeth Graham, product manager at Entersekt, said false declines carry significant risks for banks and merchants, where consumer loyalty is critical. Get the Full Story Complete...

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B2B Platforms Need Flexible Payment Infrastructure to Scale
B2B Platforms Need Flexible Payment Infrastructure to Scale
April 06, 2023  |  Payment Methods

The platform economy accounts for over two-thirds of eCommerce transactions, but according to Romain Mazeries, CEO at FinTech firm Mangopay, solutions that tackle the complex...

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UK Retailers Reimagine Cashback to Keep Gen Zs Engaged
UK Retailers Reimagine Cashback to Keep Gen Zs Engaged
April 04, 2023  |  Payments Innovation

Brands typically struggle to engage two key audiences: affluent consumers who are cash rich, time poor, and Gen Zs, who have a short attention span...

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UK-Based Open Banking Firm Bud Financial Expands to US
UK-Based Open Banking Firm Bud Financial Expands to US
March 29, 2023  |  Digital Banking

Bud Financial  has expanded into the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

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