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.

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  |  Europe

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  |  Real-Time 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  |  Legal & Regulation

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

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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

Digital services have become par for the course in modern banking, and banks are scrambling to offer the most impressive experiences. Some of the most...

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UK FinTech Ecospend, Car Repair Payment Platform Bumper Team on A2A Payments
UK FinTech Ecospend, Car Repair Payment Platform Bumper Team on A2A Payments
October 10, 2022  |  Payment Methods

Open banking payment provider Ecospend has launched a new marketplace payment solution for car repair-focused BNPL platform Bumper that will help connect customers with car...

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BofA Extends ‘Pay by Bank’ to Euro Payments
BofA Extends ‘Pay by Bank’ to Euro Payments
October 10, 2022  |  Banking

Bank of America has made its Pay by Bank payment solution available for euro currency payments, the bank announced Monday (Oct. 10). Offered in conjunction...

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UK FinTechs Call for Full Financial Data Sharing to Support Cardholders
UK FinTechs Call for Full Financial Data Sharing to Support Cardholders
October 09, 2022  |  Banking

Some U.K. FinTechs have accused various credit card issuers of not giving customers full access to their own data and costing consumers “millions.” In a...

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