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.

Token.io Raises $40M To Drive Push for Account-to-Account Payments

Token.io Raises $40M To Drive Push for Account-to-Account Payments
Token.io Raises $40M To Drive Push for Account-to-Account Payments
May 13, 2022  |  Payment Methods

Open banking payments platform Token.io raised $40 million in a Series C funding round that it will use to continue advancing the shift from traditional...

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Yapily Buys finAPI to Boost Share of European Open Banking Market
Yapily Buys finAPI to Boost Share of European Open Banking Market
May 10, 2022  |  Acquisitions

London open banking API startup Yapily has signed an acquisition deal with German private credit bureau SCHUFA to purchase its 75% stake in open banking API firm finAPI, to create...

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CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
CFPB Faces Fraud, Privacy Concerns in Open Banking Rules
May 10, 2022  |  CFPB

On April 26 and 27, during his testimonies at the Senate and the House, Rohit Chopra, Director of the Consumer Financial Protection Bureau (CFPB) offered...

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Everyware Teams With MX to Offer Pay By Text for Real-Time Payments and Open Banking
Everyware Teams With MX to Offer Pay By Text for Real-Time Payments and Open Banking
May 03, 2022  |  Payment Methods

Contactless payments firm Everyware on Tuesday (May 3) expanded its Pay By Text options to include real-time payments and open banking, along with enhanced security...

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Tink Expands Open Banking Services Across Europe
Tink Expands Open Banking Services Across Europe
April 28, 2022  |  Banking

European open banking platform Tink is taking its Payment Initiation Services (PIS) product to five new markets — the Netherlands, Norway, Estonia, Finland and Latvia, per a blog post...

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CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
CFPB’s Chopra Tells Senators to Expect More on Big Tech, Repeat Offenders and Open Banking
April 27, 2022  |  CFPB

The testimony of Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), before the Senate Banking Committee on April 26 offered important insights into...

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TrueLayer Introduces Variable Recurring Payments
TrueLayer Introduces Variable Recurring Payments
April 26, 2022  |  Digital Payments

TrueLayer, a London-based global open banking platform that enables instant payments, has introduced variable recurring payments (VRP), the company announced Tuesday (April 26). Get the...

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Fiserv Launches AppMarket Open Finance, FI/FinTech Collaboration Tool
Fiserv Launches AppMarket Open Finance, FI/FinTech Collaboration Tool
April 26, 2022  |  Banking

Payments and financial services tech solutions provider Fiserv on Tuesday (April 26) launched AppMarket, which gives financial institutions (FIs) access to a curated set of...

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EU FinTechs Drawn to MENA Region’s Digital Payments and Merchant Growth
EU FinTechs Drawn to MENA Region’s Digital Payments and Merchant Growth
April 26, 2022  |  Digital Payments

The introduction of open banking, enabled by the revised Payment Services Directive (PSD2), has significantly transformed the digital payments space in Europe, boosting competition in...

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