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.

Corporate Card Platform Cape and Open Banking Platform Basiq Partner on ‘Startup Launchpad’

Corporate Card Platform Cape and Open Banking Platform Basiq Partner on ‘Startup Launchpad’
Corporate Card Platform Cape and Open Banking Platform Basiq Partner on ‘Startup Launchpad’
September 15, 2021  |  B2B Payments

Australian spend management platform Cape is collaborating with open banking platform Basiq on Basiq’s newly launched Startup Launchpad, according to a Wednesday (Sept. 15) press...

READ MORE >
Bank of England’s Red Flags on Banks’ Data May Have Open Banking Ripple Effects 
Bank of England’s Red Flags on Banks’ Data May Have Open Banking Ripple Effects 
September 14, 2021  |  Bank Regulation

They say a chain is only as strong as its weakest link. Extending that logic a bit, it follows that open banking, underpinned by data, is...

READ MORE >
Finicity CEO Sees Open Banking, Consumer Permission at Core of Lending’s Future
Finicity CEO Sees Open Banking, Consumer Permission at Core of Lending’s Future
September 14, 2021  |  Data

Two decades ago, consumer-permissioned data was in its nascent stages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

READ MORE >
Automation Can Do For SCA Compliance What Human Hands Cannot
Automation Can Do For SCA Compliance What Human Hands Cannot
September 13, 2021  |  Authentication

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

READ MORE >
TrueLayer and Cazoo Collaborate on Open Banking Payments and Refunds
TrueLayer and Cazoo Collaborate on Open Banking Payments and Refunds
September 10, 2021  |  Payment Methods

TrueLayer, a European open banking platform, has announced a new partnership with Cazoo. The British online car retailer will benefit from TrueLayer streamlining its payment...

READ MORE >
Consumer Lender Koyo Raises $50M to Help ‘Near-Prime’ UK Borrowers
Consumer Lender Koyo Raises $50M to Help ‘Near-Prime’ UK Borrowers
September 10, 2021  |  Investments

Open banking-powered lender Koyo has raised $50m (£36.1m) in a Series A funding round to support its growth plans, Peer2Peer Finance News reported on Thursday...

READ MORE >
Mastercard’s Aiia Acquisition: Connectivity Is Critical for Open Banking’s Innovation
Mastercard’s Aiia Acquisition: Connectivity Is Critical for Open Banking’s Innovation
September 10, 2021  |  Partnerships / Acquisitions

If data exists as the new oil, as they say, of open banking, then the pipes and the plumbing — and even the safety valves...

READ MORE >
Mastercard To Buy Denmark’s Open Banking Tech Firm Aiia
Mastercard To Buy Denmark’s Open Banking Tech Firm Aiia
September 07, 2021  |  Partnerships / Acquisitions

Mastercard has agreed to acquire Danish open banking technology company Aiia to expand its open banking reach, according to a Tuesday (Sept. 7) press release....

READ MORE >
Today in Digital Banking: Blockchain Disrupts Cross-Border Payments, Cashfree Adds Banking as a Service and PSPs Welcome Open Banking
Today in Digital Banking: Blockchain Disrupts Cross-Border Payments, Cashfree Adds Banking as a Service and...
September 07, 2021  |  Digital Banking

Today in digital banking, Cashfree unveils Banking-as-a-Service for FinTechs. Plus, PSPs have started to embrace open banking APIs and blockchain is set to take over...

READ MORE >