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.

Trustly Acquires Ecospend
Trustly Acquires Ecospend
May 30, 2022  |  Acquisitions

Global pay platform Trustly, which works on account-to-account (A2A) transactions, has bought open banking platform Ecospend as a way for Trustly to breach a huge...

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TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on Big Tech and Credit Card Firms 
TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on...
May 27, 2022  |  Regulation

This week, U.S. policymakers and regulators made their cases on crypto assets and central bank digital currencies (CBDCs). While regulators tend to be very skeptical...

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Digital Wallet Coingrig Users Can Link to Bank Accounts
Digital Wallet Coingrig Users Can Link to Bank Accounts
May 25, 2022  |  Digital-First Banking

Digital wallet Coingrig has integrated Nordigen’s open banking platform in a move the companies say will “increase the ease of bank connectivity to their digital...

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Open Banking Firm Yapily, B2B FinTech Two Partner on BNPL for SMBs
Open Banking Firm Yapily, B2B FinTech Two Partner on BNPL for SMBs
May 25, 2022  |  B2B Payments

London open banking application programming interface (API) startup Yapily is working with B2B buy now, pay later (BNPL) FinTech Two to help small- to medium-sized...

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Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says Crypto Dependent on ‘Hype’
Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says...
May 25, 2022  |  Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When...

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CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
May 25, 2022  |  CFPB

When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified on Capitol Hill in late April about the agency’s future plans to promote open banking...

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PYMNTS AM Radar: MatchMove Buys Shopmatic, Hospitality in Virtual Kitchens
PYMNTS AM Radar: MatchMove Buys Shopmatic, Hospitality in Virtual Kitchens
May 23, 2022  |  Investments

Today is May 23. It’s Victoria Day in Canada. A holiday originally meant to mark the birthday of Queen Victoria, it now serves as a...

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Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022  |  Banking

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to...

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Legacy Banks Must Step up Real-Time Data Analytics
Legacy Banks Must Step up Real-Time Data Analytics
May 19, 2022  |  Banking

In today’s fast-paced digital world, traditional financial institutions have a problem on their hands. Get the Full Story Complete the form to unlock this article...

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