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.

More Central Banks Will Build New Clearing Houses for Real-Time Payments

More Central Banks Will Build New Clearing Houses for Real-Time Payments
More Central Banks Will Build New Clearing Houses for Real-Time Payments
December 10, 2021  |  Payment Methods

The pandemic has accelerated the growth of real-time payments (RTP), with banks, merchants and consumers seeking ways to send and receive funds domestically as well...

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Yolt Expanding European Open Banking B2B Platform  
Yolt Expanding European Open Banking B2B Platform  
December 07, 2021  |  B2B Payments

Open banking provider Yolt is expanding its B2B platform across Europe after obtaining a PSD2 license from De Nederlandsche Bank (DNB), according to a IBS...

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Tarabut Gateway and Zain Bahrain Debut Telco-Powered Open Banking Payments
Tarabut Gateway and Zain Bahrain Debut Telco-Powered Open Banking Payments
December 07, 2021  |  Digital Payments

Bahrain-based open banking platform Tarabut Gateway has joined forces with telecommunications company Zain Bahrain to provide what the companies said in a Tuesday (Dec. 7)...

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Deep Dive: The Role of Consent Management in Open Banking Privacy Regulations
Deep Dive: The Role of Consent Management in Open Banking Privacy Regulations
December 07, 2021  |  Authentication

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PNC Bank on Consent Management’s Key Role in Open Banking Data Privacy
PNC Bank on Consent Management’s Key Role in Open Banking Data Privacy
December 06, 2021  |  Authentication

As much as consumers love the convenience of connected online banking experiences, nearly 8 in 10 digital banking customers are unaware that FinTech apps can...

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Loan Servicing Gets a Lift From Open Banking Platforms
Loan Servicing Gets a Lift From Open Banking Platforms
December 03, 2021  |  Loans

Lending, it’s been said, is as much art as science – and even in the 21st century, it is filled with friction. But with advanced...

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EMEA Daily: UK Enforces New Listing Rules for Exchanges; Facebook Faces Lawsuits Over Alleged EU Privacy Violations
EMEA Daily: UK Enforces New Listing Rules for Exchanges; Facebook Faces Lawsuits Over Alleged EU...
December 02, 2021  |  Cross-border Payments

In today’s top Europe, Middle East and Africa (EMEA) news, the U.K. revises listing rules for exchanges; Facebook could face potential litigation over alleged European...

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UK’s FCA Scraps 90-Day Reauthentication Open Banking Rule
UK’s FCA Scraps 90-Day Reauthentication Open Banking Rule
December 02, 2021  |  Banking

The U.K.’s Financial Conduct Authority (FCA) has scrapped the 90-day reauthorization requirement, a move seen as a boon for the open banking sector. Get the...

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