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.

Today In Payments: JPMorgan Acquires Stake In Brazil’s C6 Bank; EU Plans To Accelerate Open Banking

Today In Payments: JPMorgan Acquires Stake In Brazil’s C6 Bank; EU Plans To Accelerate Open Banking
Today In Payments: JPMorgan Acquires Stake In Brazil’s C6 Bank; EU Plans To Accelerate Open...
June 29, 2021  |  News

In today’s top news, J.P. Morgan has acquired a 40 percent stake in C6 Bank, a Brazilian digital bank, and the European Banking Authority outlined...

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Open Banking And The Lure Of Bulk Payments For UK SMBs
Open Banking And The Lure Of Bulk Payments For UK SMBs
June 29, 2021  |  B2B Payments

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EU Oversight Group Outlines Digital Path For Faster Transition To Open Banking
EU Oversight Group Outlines Digital Path For Faster Transition To Open Banking
June 28, 2021  |  Digital Banking

There are guideposts along the way to open banking readiness. To that end, the Euro Banking Association’s (EBA) Open Banking Working Group said on Monday...

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Deep Dive: The Impact Of Interchange Fees And How Global Firms Can Optimize Cross-Border Payments
Deep Dive: The Impact Of Interchange Fees And How Global Firms Can Optimize Cross-Border Payments
June 28, 2021  |  B2B Payments

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Galileo CEO: The Bank Of The Future Will Feel As Different As Paper Maps Of The Past
Galileo CEO: The Bank Of The Future Will Feel As Different As Paper Maps Of...
June 28, 2021  |  Digital Banking

As banks move from closed to open platforms, Galileo CEO Derek White tells PYMNTS those that want to survive — and thrive — will need...

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Connected Economy, Loyalty, B2B Payments Top This Week’s News
Connected Economy, Loyalty, B2B Payments Top This Week’s News
June 25, 2021  |  The Weekender

In this week’s news, we saw data on the connected economy and news on McDonald’s loyalty rollout. Also, new insights have emerged on business-to-business (B2B)...

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Why Visa Thinks Tink Is The Way To Go For Open Banking
Why Visa Thinks Tink Is The Way To Go For Open Banking
June 24, 2021  |  Banking

Barely five months after abandoning its bid to buy data Plaid, Visa is again going the data aggregation route — but this time in open...

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Visa Acquiring Swedish Open Banking Platform Tink For $2.1B
Visa Acquiring Swedish Open Banking Platform Tink For $2.1B
June 24, 2021  |  Partnerships / Acquisitions

Visa is acquiring the Swedish open banking platform Tink for $2.1 billion after backing out of a $3.5 billion deal to buy the Silicon Valley...

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Banks Keep Biz Cards, Modernization At The Top Of Their FinTech Collab Agendas
Banks Keep Biz Cards, Modernization At The Top Of Their FinTech Collab Agendas
June 22, 2021  |  B2B Payments

FinTech collaborations can help banks modernize in a variety of ways, from introducing a new, digital-first product to overhauling internal legacy infrastructure. This week’s look...

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