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.

APIs to Drive Banking-as-a-Service Growth in 2022
APIs to Drive Banking-as-a-Service Growth in 2022
February 08, 2022  |  API

Amid the pandemic, banks have had to get creative to meet customers’ demands for new products and an increasingly digital experience. Get the Full Story...

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EMEA Daily: CMA Fines Meta $2M for Violating Initial Enforcement Order; Europe Continues Regulatory Spree with European Chips Act 
EMEA Daily: CMA Fines Meta $2M for Violating Initial Enforcement Order; Europe Continues Regulatory Spree...
February 04, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, the U.K.’s competition regulator has fined Meta $2 million for failing to reveal staff departures,...

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UK Merchants Cut Costs by Adopting Open Banking Payments
UK Merchants Cut Costs by Adopting Open Banking Payments
February 04, 2022  |  B2B Payments

Traditional card-based payment options carry high costs and introduce “an awful lot of friction” into payment processes, often leading to a high rate of online...

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Dwolla On Harnessing A Collaborative Approach To Security, Compliance As Financial Innovations Take Shape
Dwolla On Harnessing A Collaborative Approach To Security, Compliance As Financial Innovations Take Shape
February 03, 2022  |  Faster Payments

FinTechs and banks are collaborating to give their customers unprecedented flexibility, control and speed, but that can create new security gaps. In the Real-Time Payments...

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Connected Banking Requires New Security Protocols to Keep Consumer Data Safe
Connected Banking Requires New Security Protocols to Keep Consumer Data Safe
February 02, 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: Rapyd, Neat Combine for X-Border Trade; Ayoconnect Raises $15M
Today in FinTech: Rapyd, Neat Combine for X-Border Trade; Ayoconnect Raises $15M
January 31, 2022  |  Digital Banking

In today’s FinTech news, FinTech-as-a-Service firm Rapyd snaps up cross-border trade enabling platform Neat to deliver expanded digital services to small- to medium-sized businesses (SMBs)....

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Convenience Driving Consumers to Open Banking
Convenience Driving Consumers to Open Banking
January 31, 2022  |  Digital-First Banking

A recent report finds that a majority of American and Canadian consumers say they’d be willing to share financial information with FinTechs if it meant...

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Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data Sharing
Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data...
January 26, 2022  |  API

FDX has reported 28 million consumer accounts now using its FDX API for open finance and open banking data sharing, a press release says. Get...

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Today in FinTech: Walmart’s Hazel Rebrands With Acquisitions; WEX Launches Toll Management With Bestpass
Today in FinTech: Walmart’s Hazel Rebrands With Acquisitions; WEX Launches Toll Management With Bestpass
January 26, 2022  |  Digital Banking

In today’s FinTech news, Walmart’s Hazel buys two startups with an eye on developing a personal finance super app, while WEX teams with Bestpass to...

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