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.

Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations
Today In Payments: Wirecard Files For Insolvency; New York To Ease Cryptocurrency Regulations
June 25, 2020  |  News

In today’s top news, Wirecard files for insolvency, and New York proposes easing regulations for cryptocurrency licenses. Plus, California seeks a court order to make...

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Revolut Adds Amex To Open Banking Feature
Revolut Adds Amex To Open Banking Feature
June 25, 2020  |  Digital Banking

Revolut Ltd., the British financial technology company headquartered in London, has added American Express to its open banking platform. Get the Full Story Complete the...

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Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
Investec: What FIs Must Know About Open Banking And Gaining Consumer Trust
June 25, 2020  |  Fraud Prevention

Digital fraud and cybercrime are constant worries for financial institutions (FIs) of all sizes, with these businesses seeing an average of 30 cyberattacks per hour...

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Today In Payments: Brazil Central Bank Shuts WhatsApp Payments; Visa’s SMB Hub Launches With PayPal, Freshbooks
Today In Payments: Brazil Central Bank Shuts WhatsApp Payments; Visa’s SMB Hub Launches With PayPal,...
June 24, 2020  |  News

In today’s top news, Brazil’s central bank suspended WhatsApp’s payment feature, and Visa launched its online resource hub for small and medium-sized businesses (SMBs). Plus,...

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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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