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.

EU FinTechs Unlock Small Business Growth Using Open Banking

EU FinTechs Unlock Small Business Growth Using Open Banking
EU FinTechs Unlock Small Business Growth Using Open Banking
February 06, 2023  |  SMBs

Open banking can help small and medium-sized businesses (SMBs) in more ways than one. In fact, from payment gateways to automatic invoicing software, a variety...

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Auto Repair Software Developer Xolvis Integrates Open Banking Payments With Volt
Auto Repair Software Developer Xolvis Integrates Open Banking Payments With Volt
February 03, 2023  |  Digital Payments

Xolvis has teamed with Volt to integrate open banking payments into its platform. The Munich-based software developer announced in a Thursday (Feb. 2) blog post...

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TransUnion Invests in UK Open Banking Firm Bud Financial
TransUnion Invests in UK Open Banking Firm Bud Financial
January 31, 2023  |  Investments

TransUnion has invested in British open banking and data intelligence firm Bud Financial Limited. The global information and insights company said in a Tuesday (Jan....

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Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
Truelayer Debuts Open Banking-Powered Digital Onboarding Tool
January 31, 2023  |  API

Open banking firm Truelayer has launched a new product to help businesses onboard customers. The company announced the launch of Signup+, a new tool that...

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Open Banking Platform Consolidation Leads to Broader EU Customer Reach
Open Banking Platform Consolidation Leads to Broader EU Customer Reach
January 31, 2023  |  Partnerships

After years of consolidation, Europe’s largest open banking players now cover much of the continent. Over the years, the continent’s open banking companies have expanded...

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Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
Trustly Completes Ecospend Acquisition to Grow Open Banking in UK
January 27, 2023  |  Partnerships

Trustly has closed its acquisition of Ecospend to grow its offerings in the United Kingdom. The acquisition brings together Trustly’s global payments platform for digital...

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Open Banking Providers Eye Jordan Market as New Framework Launches
Open Banking Providers Eye Jordan Market as New Framework Launches
January 24, 2023  |  Banking

Open banking technology providers are eying the potential market in Jordan. While it may not be the first country in the Middle East to introduce...

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UK Competition Authority Calls Out HSBC for Open Banking Failures
UK Competition Authority Calls Out HSBC for Open Banking Failures
January 19, 2023  |  Bank Regulation

The U.K.’s Competition and Markets Authority (CMA) has found HSBC breached its open banking order. The breach in question relates to the Retail Banking Market...

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