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.

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

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

READ MORE >
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)...

READ MORE >
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...

READ MORE >
Visa Acquiring Swedish Open Banking Platform Tink For $2.1B
Visa Acquiring Swedish Open Banking Platform Tink For $2.1B
June 24, 2021  |  Partnerships

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...

READ MORE >
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...

READ MORE >
TrueLayer: Instant Refunds Key To Bringing Open Banking Payments Mainstream
TrueLayer: Instant Refunds Key To Bringing Open Banking Payments Mainstream
June 22, 2021  |  Payment Methods

The groundswell for open banking is here. Banks in the U.K. are now seeing more open banking payments volume in a single month than what...

READ MORE >
Apple Watches, Open Banking, Selfie IDs Top This Week’s News
Apple Watches, Open Banking, Selfie IDs Top This Week’s News
June 18, 2021  |  The Weekender

In this week’s news, we saw a report on future enhancements to the Apple Watch. Also, new insights have emerged on open banking and Selfie...

READ MORE >
PYMNTS TrueLayer Report: PSPs Unlock Payments Experience With Open Architectures
PYMNTS TrueLayer Report: PSPs Unlock Payments Experience With Open Architectures
June 17, 2021  |  Banking

Like many financial innovations, open banking still seemed exotic in 2018 when momentum began building. What the sector didn’t foresee was a global crisis propelling...

READ MORE >