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.

Stricter Nonbank Oversight Stokes Fears of FinTech Winnowing
Stricter Nonbank Oversight Stokes Fears of FinTech Winnowing
November 23, 2022  |  Regulation

Even though nonbanks are just what the name implies, in the eyes of regulators, some say it might be easier to treat them as if...

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Worldline Neonomics Partnership Aims for Pan-European Open Banking API Coverage
Worldline Neonomics Partnership Aims for Pan-European Open Banking API Coverage
November 21, 2022  |  Partnerships

Worldline has entered into a commercial partnership with open banking specialist Neonomics, the French-based global payments firm announced in a press release on Monday (Nov...

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Open Banking APIs Help Africa’s Mobile Money FinTechs Expand Services
Open Banking APIs Help Africa’s Mobile Money FinTechs Expand Services
November 20, 2022  |  API

According to International Monetary Fund (IMF) data, there are more than twice as many mobile money accounts as there are bank accounts across many African...

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New Zealand Bets on Open Banking to Offer More Consumer Choices
New Zealand Bets on Open Banking to Offer More Consumer Choices
November 10, 2022  |  Banking

New Zealand is joining countries around the world in embracing opening banking, saying Thursday (Nov. 10) the sector will be the first to adopt its...

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Saudi Arabia Central Bank Launches Open Banking Framework
Saudi Arabia Central Bank Launches Open Banking Framework
November 04, 2022  |  emea

The Central Bank of Saudi Arabia (SAMA) on Wednesday (Nov. 2) announced the launch of its open banking framework, which includes a set of legislation,...

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New EU Instant Payment Rules to Bolster Mainstream Open Banking Adoption
New EU Instant Payment Rules to Bolster Mainstream Open Banking Adoption
October 26, 2022  |  Faster Payments

The European Commission (EC) published a draft proposal on Wednesday (Oct. 26) intended to force banks and payment service providers (PSPs) to offer 24/7 instant...

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CFPB Eyes Open Banking’s Data Rules and ‘New Regulatory Approach’
CFPB Eyes Open Banking’s Data Rules and ‘New Regulatory Approach’
October 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) is facing legal challenges to its very structure and its reach — and where it gets it funding. Get...

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Computop Enables A2A Payments for UK and EU eCommerce Merchants
Computop Enables A2A Payments for UK and EU eCommerce Merchants
October 23, 2022  |  B2B Payments

Payments platform Token has teamed with payment service provider Computop Paygate to meet what the companies say is a growing demand in Europe for open...

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Cloud Unlocks Embedded Finance Use Cases for Banks, Says Green Dot
Cloud Unlocks Embedded Finance Use Cases for Banks, Says Green Dot
October 14, 2022  |  Banking

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