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.

Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono

Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
October 11, 2021  |  Investments

Open banking startup Mono raised $15 million led by Tiger Global, with participation from existing investors Entree Capital, Lateral Capital, GPIC, Acuity VC and Ingressive...

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Open Banking APIs Offer Control And Transparency To UK Subscription Payments
Open Banking APIs Offer Control And Transparency To UK Subscription Payments
October 07, 2021  |  Subscriptions

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Today in B2B: Accessing ‘Invisible’ Corporate Travel Bookings; Koffie Expands Trucking Innovation 
Today in B2B: Accessing ‘Invisible’ Corporate Travel Bookings; Koffie Expands Trucking Innovation 
October 05, 2021  |  B2B Payments

Today in B2B payments, Grasp and Traxo team up to improve access to “invisible” corporate travel plans, and Koffie Labs expands into Georgia and Pennsylvania....

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UK Open Bank Platform Crezco Raises $4M
UK Open Bank Platform Crezco Raises $4M
October 04, 2021  |  B2B Payments

The London-based FinTech Crezco announced Monday (Oct. 4) it had raised 3 million pounds (or $4 million) in seed funding. Get the Full Story Complete...

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Security Breaches Underscore Questions on Open Banking’s Data Liability  
Security Breaches Underscore Questions on Open Banking’s Data Liability  
October 04, 2021  |  Cybersecurity

The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as...

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UK’s CMA Finds Open Banking Entity Failed to Stop Intimidation, Conflicts of Interest
UK’s CMA Finds Open Banking Entity Failed to Stop Intimidation, Conflicts of Interest
October 03, 2021  |  Banking

An independent investigation set up by the Competition and Markets Authority (CMA) found that the Open Banking Implementation Entity (OBIE) has had poor governance and...

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EML Payments Buys Open Banking Firm Sentenial in Multi-Million Dollar Deal
EML Payments Buys Open Banking Firm Sentenial in Multi-Million Dollar Deal
September 30, 2021  |  Partnerships

Australian global payments platform EML Payments received the go-ahead from French and U.K. financial regulators Thursday (Sept. 30) to purchase open banking company Sentenial Group...

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Open Banking, BNPL and the Transformation of Banking
Open Banking, BNPL and the Transformation of Banking
September 28, 2021  |  Banking

Evolve or die, they say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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