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.

US Bank, Plaid Partner On Open Banking Portal

US Bank, Plaid Partner On Open Banking Portal
US Bank, Plaid Partner On Open Banking Portal
May 13, 2021  |  Banking

U.S. Bank, the fifth largest bank in the U.S., has joined with FinTech company Plaid in an open finance partnership. The collaboration will allow their millions...

READ MORE >
How Banks Can Accelerate — Or Stifle — Treasury Optimization
How Banks Can Accelerate — Or Stifle — Treasury Optimization
May 11, 2021  |  B2B Payments

Amid an ecosystem of accelerating FinTech innovation and intensifying market volatility, corporate treasurers are taking a hard look at their banking relationships. Get the Full...

READ MORE >
FinTechs Ease Modernization Pains For Smaller FIs
FinTechs Ease Modernization Pains For Smaller FIs
May 11, 2021  |  B2B Payments

With the Federal Reserve exploring how to streamline FinTechs’ access to the payment system, a new wave of financial services competition could be on the...

READ MORE >
Jack Henry, Finicity Team On Open Banking For Community FIs
Jack Henry, Finicity Team On Open Banking For Community FIs
May 05, 2021  |  Banking

Payments processing services firm Jack Henry & Associates on Wednesday (May 5) announced a partnership with financial data provider Finicity, an arrangement the two companies...

READ MORE >
Corporate Cards, Commercial Lending Seek A Bank-FinTech Collaboration Boost
Corporate Cards, Commercial Lending Seek A Bank-FinTech Collaboration Boost
May 04, 2021  |  B2B Payments

Financial institutions are looking to build out their offerings for corporate customers with a range of FinTech integrations. This week’s examination of the latest FinServ...

READ MORE >
Finding Space For The Relationship Manager In Modern SMB Banking
Finding Space For The Relationship Manager In Modern SMB Banking
April 29, 2021  |  B2B Payments

Small- to medium-sized businesses (SMBs) have finally come into focus for banking and financial services innovators, resulting in the proliferation of neobanks and FinTechs challenging...

READ MORE >
Real-Time Payments: The Killer App For Open Banking In The US?
Real-Time Payments: The Killer App For Open Banking In The US?
April 29, 2021  |  Digital-First Banking

It is a widely held belief that open banking is an EU-based concept, driven by data privacy regulations like PSD2. And the U.S., the conventional...

READ MORE >
Why 2021 Is The Year To Leave Cards Behind
Why 2021 Is The Year To Leave Cards Behind
April 28, 2021  |  Payment Methods

Francesco Simoneschi, CEO of TrueLayer, believes that open banking payments will replace debit cards as the default method of payment in the next five years....

READ MORE >
GoCardless Debuts Open Banking Feature Called Instant Bank Pay
GoCardless Debuts Open Banking Feature Called Instant Bank Pay
April 27, 2021  |  Payment Methods

GoCardless, a FinTech platform for bank-to-bank payments, has rolled out Instant Bank Pay, which is a new open banking feature directly integrated with the company’s...

READ MORE >