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 Data Strategy May Facilitate Open Finance in Europe

EU Data Strategy May Facilitate Open Finance in Europe
EU Data Strategy May Facilitate Open Finance in Europe
March 11, 2022  |  Regulation

Since 2016, the European Commission has been designing a data strategy that aims to facilitate companies’ access to vast amounts of data they couldn’t access...

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CFPB Could Find NIST an Ally for Open Banking
CFPB Could Find NIST an Ally for Open Banking
March 10, 2022  |  CFPB

The National Institute of Standards and Technology (NIST), a non-regulatory agency of the U.S. Department of Commerce, on March 3 closed a public consultation on...

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Visa Closes Deal to Acquire European Open Banking Platform Tink for $2B
Visa Closes Deal to Acquire European Open Banking Platform Tink for $2B
March 10, 2022  |  Acquisitions

Visa has finalized its deal to purchase Tink, the Sweden-based open banking platform, for $2 billion, according to a Thursday (March 10) press release. Get...

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UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
UK’s Payment Strategy Focuses on Fraud Detection, Instant Payments
March 10, 2022  |  International

The United Kingdom continues developing its New Payment Architecture (NPA), which will allow financial institutions (FIs), payment providers and other players to access a new...

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State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
State Governments Move to ACH as Checks No Longer Cut It for Consumers and Businesses
March 09, 2022  |  Faster Payments

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Today in FinTech: Stax Joins Unicorn Club; PPRO Acquires Alpha
Today in FinTech: Stax Joins Unicorn Club; PPRO Acquires Alpha
March 08, 2022  |  Fintech Investments

In today’s FinTech news, minority-led startup Stax hits unicorn status, while PPRO aims for a bigger Asia Pacific (APAC) presence with the purchase of Alpha...

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NCR Buys Intellectual Property to Advance Open Banking
NCR Buys Intellectual Property to Advance Open Banking
March 08, 2022  |  Acquisitions

NCR Corporation, a global enterprise technology provider, has purchased FinTech intellectual property for open banking from Canada-based Spoke Technologies, NCR announced Tuesday (March 8). Terms...

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UK Banking Platform Cheddar Acquires Upside Saving
UK Banking Platform Cheddar Acquires Upside Saving
March 01, 2022  |  Acquisitions

Bank transfer platform Cheddar has acquired open banking technology firm Upside Saving, Business Cloud reported Tuesday (March 1). Get the Full Story Complete the form...

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UK Car Dealerships Leverage Open Banking To Reduce Payment Processing Fees
UK Car Dealerships Leverage Open Banking To Reduce Payment Processing Fees
February 28, 2022  |  Payment Methods

Payment processing fees are an unavoidable pain point for many businesses, both large and small, but for merchants in the automotive sector, the impact on...

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