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.

‘Financial Freedom’ App Updraft Raises $131M 
‘Financial Freedom’ App Updraft Raises $131M 
December 19, 2022  |  Investments

“Financial freedom” app Updraft has reportedly raised 108 million pounds sterling (about $131 million). Get the Full Story Complete the form to unlock this article...

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UK Authorities Outline Vision for the Future of Open Banking
UK Authorities Outline Vision for the Future of Open Banking
December 16, 2022  |  Banking

U.K. authorities have outlined a vision for the future of open banking in the country. Get the Full Story Complete the form to unlock this...

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New SCA Rules to Reduce Friction in Open Banking Payments
New SCA Rules to Reduce Friction in Open Banking Payments
December 14, 2022  |  Bank Regulation

Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. Get the Full Story Complete the form to unlock this...

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Open Banking Data Shakes Up European Insurance Market
Open Banking Data Shakes Up European Insurance Market
December 06, 2022  |  Insurance

Insurers are increasingly turning to open banking to personalize coverage, increase access and streamline applications. Get the Full Story Complete the form to unlock this...

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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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