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.

Finicity, Fiserv Ink Secure Data Access Agreement
Finicity, Fiserv Ink Secure Data Access Agreement
March 30, 2022  |  Partnerships

Open banking technology platform Finicity, a Mastercard company, and payments and financial services company Fiserv, Inc., on Wednesday (March 30) announced a data access agreement...

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Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
Chetwood CEO Calls Open Banking ‘Disappointing,’ Regulation Key to Neobank Success
March 29, 2022  |  Regulation

The U.K. is widely considered a leader in the implementation of open banking, the regulation mandated by the European Union’s Revised Payment Services Directive (PSD2)...

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Aussie A2A Merchant Payments Startup Zepto Notches A$25M
Aussie A2A Merchant Payments Startup Zepto Notches A$25M
March 28, 2022  |  Digital Payments

Account-to-account (A2A) merchant payments startup Zepto raised A$25 million in a Series A funding round led by AirTree Ventures and Decade Partners, as it plans...

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EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in Worldwide Hacking Scheme
EMEA Daily: Retail Holdouts in Russia Face Repercussions in Poland; Russian Government Employees Charged in...
March 25, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, foreign retailers who have continued to do business in Russia following the attack on Ukraine...

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UK to Boost Open Banking With New Regulator
UK to Boost Open Banking With New Regulator
March 25, 2022  |  Banking

The U.K. Treasury, the Competition and Markets Authority (CMA), the Financial Conduct Authority (FCA) and the Payment System Regulator (PSR), issued a joint statement Friday...

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Apple’s Latest Acquisition Hints at a Bite of BNPL and Cards Across the Pond
Apple’s Latest Acquisition Hints at a Bite of BNPL and Cards Across the Pond
March 24, 2022  |  Apple

For Apple, the tech giant’s latest acquisition represents a move across the Pond to embrace buy now, pay later (BNPL), open banking — and perhaps...

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Apple Acquires Credit Kudos, UK Data Tool for Lenders
Apple Acquires Credit Kudos, UK Data Tool for Lenders
March 23, 2022  |  Digital Banking

Apple has bought the U.K. open banking startup Credit Kudos, for about $150 million a report said Wednesday (March 23). Get the Full Story Complete...

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UK Payment Regulator Says Card Payments, Open Banking, Big Tech on 2022 Agenda
UK Payment Regulator Says Card Payments, Open Banking, Big Tech on 2022 Agenda
March 23, 2022  |  Regulation

The U.K. Payment System Regulator (PSR) is a fundamental piece of the regulatory payment landscape in the U.K. It has powers to set standards, impose...

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CMA Warns Barclays, Lloyds to Comply With Open Banking Order
CMA Warns Barclays, Lloyds to Comply With Open Banking Order
March 22, 2022  |  Bank Regulation

The U.K. Competition and Markets Authority (CMA) on March 21 sent two letters to Barclays and Lloyds to communicate the regulator’s concerns about breaching their...

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