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.

Klarna Unveils ‘Klarna Kosma’ Open Banking Unit

Klarna Unveils ‘Klarna Kosma’ Open Banking Unit
Klarna Unveils ‘Klarna Kosma’ Open Banking Unit
March 31, 2022  |  BNPL

Swedish buy now, pay later (BNPL) company Klarna on Thursday (March 31) rolled out the Klarna Kosma sub-brand and business unit that’s geared toward open...

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Today in Retail: Chewy Struggles With Profits; Five Below Unveils ‘Triple-Double’ Growth Plan
Today in Retail: Chewy Struggles With Profits; Five Below Unveils ‘Triple-Double’ Growth Plan
March 30, 2022  |  Retail

Today in retail, Chewy’s stock drops to a two-year low despite record spending levels, while Five Below plans growth. Plus, Avarda embraces open banking, Lululemon...

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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  |  Legal & 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  |  Cross-border Payments

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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