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.

Mastercard, Finicity and Standardizing Open Banking’s Data Flow
Mastercard, Finicity and Standardizing Open Banking’s Data Flow
June 24, 2020  |  Mastercard

While open banking is gaining traction in Europe (by regulatory mandate) and is making inroads to the U.S. (through free market competition), on these shores...

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Mastercard To Buy Financial Data Provider Finicity For $825M
Mastercard To Buy Financial Data Provider Finicity For $825M
June 23, 2020  |  Mastercard

Mastercard Inc. has signed a deal to buy Finicity, the Salt Lake City, Utah, provider of real-time access to financial data, for $825 million, Mastercard announced...

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i2c Names BaaS Veteran To New EVP Of Americas Sales Role
i2c Names BaaS Veteran To New EVP Of Americas Sales Role
June 18, 2020  |  Personnel

Digital payment and open banking technology provider i2c Inc. has named Kevin Fox as executive vice president (EVP) of Americas sales to support a formidable...

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Banks Embrace Real-Time Data Connectivity With Third-Party FinTechs
Banks Embrace Real-Time Data Connectivity With Third-Party FinTechs
June 18, 2020  |  B2B Payments

With a focus on expanding functionality for business customers, financial institutions (FIs) this week turned to FinTechs that could facilitate real-time data connectivity and analysis....

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FIS Launches Pay By Bank Payments Through Its Open Banking Hub
FIS Launches Pay By Bank Payments Through Its Open Banking Hub
June 18, 2020  |  Payment Methods

A new service from FIS, Open Banking Hub, will allow customers to pay for items directly from their bank account, which has the benefit of...

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Credorax, Samsung To Introduce Blockchain-Based Open Banking
Credorax, Samsung To Introduce Blockchain-Based Open Banking
June 10, 2020  |  B2B Payments

Credorax, the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a...

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Open Banking By The Book
Open Banking By The Book
June 10, 2020  |  Digital Banking

Land rushes. Gold rushes. Now comes the rush to digitally onboard consumers who, driven by the fear of touching things that could be contaminated with...

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BNP Paribas Boosts V-Card Adoption Within Coupa
BNP Paribas Boosts V-Card Adoption Within Coupa
June 10, 2020  |  B2B Payments

Bank-FinTech collaboration continues as more industry stakeholders consider the value of open banking and areas of operations most prime to benefit from the business model....

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AML/KYC Fast-Tracked In Open Banking Boom
AML/KYC Fast-Tracked In Open Banking Boom
June 09, 2020  |  Digital Banking

In PYMNTS’ most recent Navigating the COVID-19 Pandemic series, based on surveys of thousands of consumers and businesses over the duration, nearly 34 percent of...

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