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 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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
Open Payments Raises $3.2 Million for B2B Open Banking
Open Payments Raises $3.2 Million for B2B Open Banking
March 29, 2023  |  B2B Payments

Swedish open banking platform Open Payments plans to scale after raising $3.2 million. Get the Full Story Complete the form to unlock this article and...

READ MORE >
Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
March 29, 2023  |  Fraud Prevention

The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. Get the...

READ MORE >
Tink Teams With ConTe.it Prestiti to Improve Instant Lending
Tink Teams With ConTe.it Prestiti to Improve Instant Lending
March 21, 2023  |  Loans

Tink has joined forces with Italian FinTech ConTe.it Prestiti to streamline loan applications. Get the Full Story Complete the form to unlock this article and...

READ MORE >
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
For Banks, Guaranteeing 100% of Everyone’s Money Threatens Moral Hazard 
March 15, 2023  |  Regulation

There are no guarantees in life, except for insuring bank deposits up to $250,000. Get the Full Story Complete the form to unlock this article...

READ MORE >