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.

Nationwide Selects Moneyhub for Savings Account Sweeping
Nationwide Selects Moneyhub for Savings Account Sweeping
August 25, 2022  |  Banking

The U.K.’s Nationwide Building Society announced Thursday (Aug. 25) that it is deploying the open finance platform Moneyhub, giving customers the ability to open a...

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PYMNTS Intelligence: SMBs Prefer Digital Tools Over In-Branch Banking
PYMNTS Intelligence: SMBs Prefer Digital Tools Over In-Branch Banking
August 19, 2022  |  Banking

The rapid digitization of the banking industry is transforming the types of products and services corporate clients are demanding from their financial institutions (FIs). Though...

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Wix Partners With Vyne on A2A Payments for UK Merchants
Wix Partners With Vyne on A2A Payments for UK Merchants
August 18, 2022  |  Digital Payments

U.K.-based open banking payments platform Vyne announced Thursday (Aug. 18) that it has partnered with Wix, a Software-as-a-Service (SaaS) content management system. The partnership gives...

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Cross River Bank on FIs’ Growing Brand Necessity of Embedded Banking
Cross River Bank on FIs’ Growing Brand Necessity of Embedded Banking
August 17, 2022  |  Banking

With a digital transformation sweeping through the business world, the banking needs of small to midsized businesses (SMBs) are rapidly changing. Instead of continuing to...

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Trustfolio, Equifax Partner on Open Banking Feature for Debt Advisers
Trustfolio, Equifax Partner on Open Banking Feature for Debt Advisers
August 15, 2022  |  Partnerships

U.K.-based DebtTech company Trustfolio has partnered with Equifax on a new open banking-powered feature designed to give debt advisers better access to bank transaction data....

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Open Banking Weekly: Europe Makes Strides in Open Payments
Open Banking Weekly: Europe Makes Strides in Open Payments
August 05, 2022  |  Banking

This week in Europe, London-based open finance platforms Yapily and Ecospend rolled out new initiatives to drive open payment adoption in the U.K., and Germany’s...

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FinTech Automation Joins Mastercard Open Banking Network 
FinTech Automation Joins Mastercard Open Banking Network 
August 03, 2022  |  Partnerships

FinTech Automation (FTA) has been named a technology partner for open banking within Mastercard’s Engage partner network, the company announced Wednesday (Aug. 3). According to...

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UK Digital Banks Set Sights on Underserved Mass Affluent Segment
UK Digital Banks Set Sights on Underserved Mass Affluent Segment
July 26, 2022  |  Banking

When we talk about the mass affluent, it goes beyond high-net-worth individuals and affluent retirees to people who have made a huge fortune from the...

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CFPB to Seek Feedback on Open Banking Rulemaking in November
CFPB to Seek Feedback on Open Banking Rulemaking in November
July 22, 2022  |  Legal & Regulation

Open banking continues to grow and so do regulatory frameworks that aim at fostering its use. In countries like the U.K. or Europe, this process...

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