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.

How Non-Bank Firms Could Usher In A New Era For Finserv
How Non-Bank Firms Could Usher In A New Era For Finserv
August 26, 2020  |  B2B Payments

Financial service providers are diversifying. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Bank-FinTech Partners Cast A Wide FinServ Net
Bank-FinTech Partners Cast A Wide FinServ Net
August 25, 2020  |  B2B Payments

With banks facing greater pressure than ever before to modernize, they’re turning to FinTechs to support high-scale upgrades, from legacy infrastructure to the cloud. This...

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Open Payments Raises $3.5M In Seed Round
Open Payments Raises $3.5M In Seed Round
August 24, 2020  |  B2B Payments

Open Payments, the Stockholm-based FinTech, has raised €3 million ($3.5 million) in a seed-funding round, according to a report from the magazine EU-Startups. The round...

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Why Payments Are Only A Piece Of SMBs’ Global Finance Puzzle
Why Payments Are Only A Piece Of SMBs’ Global Finance Puzzle
August 21, 2020  |  B2B Payments

Widespread disruption throughout the world’s supply chains earlier this year had businesses’ continuity plans threatened and, for some, even forced operations to grind to a...

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Deep Dive: Why Data Protection Is The Next Great Open Banking Battleground
Deep Dive: Why Data Protection Is The Next Great Open Banking Battleground
August 20, 2020  |  Bank Regulation

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Report: Some UK Merchants Remain Reluctant To Embrace SCA
Report: Some UK Merchants Remain Reluctant To Embrace SCA
August 18, 2020  |  Bank Regulation

Most markets including the European Union, the United Kingdom and the United States have seen a jump in online transaction volume as consumers react to...

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BMO Unveils Portal For SMB Clients To Share Data With QuickBooks
BMO Unveils Portal For SMB Clients To Share Data With QuickBooks
August 17, 2020  |  B2B Payments

BMO has finished the creation of a portal that will enable small business clients to transmit their financial data to Intuit QuickBooks Online. Customers will...

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How US Carves Its Own Path To Open Banking
How US Carves Its Own Path To Open Banking
August 14, 2020  |  B2B Payments

While open banking frameworks and initiatives have slowly trickled throughout the U.S. financial services system, the landscape is nowhere near as developed as in other...

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To Compete Or To Collaborate: FinTechs And Banks
To Compete Or To Collaborate: FinTechs And Banks
August 14, 2020  |  Digital-First Banking

The relationship between traditional banks and the slate of FinTechs that have arisen over the past decade hasn’t always been one of enthusiastic cooperation. Big...

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