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 Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023

EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
EU Plans Instant Payment Regulation in 2022, US Eyes FedNow for 2023
July 19, 2022  |  Legal & Regulation

Real-time payments (RTP), account-to-account (A2A) payments and instant payments all refer to the ability to process payments in seconds. This is one of the next...

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EQ Bank Teams With Open Banking Platform Flinks
EQ Bank Teams With Open Banking Platform Flinks
July 14, 2022  |  Partnerships

EQ Bank, part of Canada’s Equitable Bank family, has joined forces with Montreal-based open banking platform Flinks to give EQ Bank customers the ability to...

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Plaid Adds Support for Digital Asset Exchanges
Plaid Adds Support for Digital Asset Exchanges
July 14, 2022  |  Banking

Payment processing firm Plaid is now supporting digital asset exchanges and investment platforms to meet the growing number of people using cryptocurrencies. Get the Full...

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PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
PYMNTS GCC Series: Bahrain Drives Open Banking Adoption in MENA
July 12, 2022  |  Banking

In the second installment of this series on the state of FinTech ecosystems in the Gulf Cooperation Council (GCC), PYMNTS will be taking a look...

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Yapily, Soldo Team to Help SMBs Manage Payments
Yapily, Soldo Team to Help SMBs Manage Payments
July 12, 2022  |  SMBs

Open banking platform Yapily and spend management company Soldo have partnered to help businesses in Europe maintain visibility over their payments and control spending. Get...

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BIS Study Finds Lack of API Standards Is Cross-Border Payments’ Biggest Challenge
BIS Study Finds Lack of API Standards Is Cross-Border Payments’ Biggest Challenge
July 12, 2022  |  Cross-border Payments

The Bank for International Settlements (BIS) published on Friday (July 8) a report highlighting the benefits of interlinking arrangements and application programming interfaces (APIs) to...

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Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance
Open Banking Weekly: Europe Gives Glimpse Into the Future of Open Finance
July 08, 2022  |  Banking

The phrase open finance refers to a broadening of the original remit of open banking to include a greater range of services. In the context...

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PSD3 Set to Mandate API Standardization
PSD3 Set to Mandate API Standardization
July 06, 2022  |  API

Last month, the European Banking Authority (EBA) published a response to the European Commission’s call for advice on the upcoming review of the revised Payment...

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