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.

Peering Beyond The Bank To Fill SMBs’ Financial Admin Needs

Peering Beyond The Bank To Fill SMBs’ Financial Admin Needs
Peering Beyond The Bank To Fill SMBs’ Financial Admin Needs
February 25, 2021  |  B2B Payments

By now, the surge in FinTech competition and regulatory initiatives designed to spur innovation in the financial services market have made it clear: legacy banking...

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Western Union: 5G, AI, RTP Will Create New Digital Experiences
Western Union: 5G, AI, RTP Will Create New Digital Experiences
February 25, 2021  |  Innovation

“Turbulent” is the word Scott Johnson selects to describe the events of 2020. And as vice president and head of product at Western Union Business...

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Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank Profits Fell 36.5 Pct In 2020
Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank...
February 23, 2021  |  Banking

In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 billion,...

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Open Banking FinTechs Target SMB Underwriting Pains
Open Banking FinTechs Target SMB Underwriting Pains
February 23, 2021  |  B2B Payments

While traditional banks continue to collaborate with FinTechs and facilitate data integrations to strengthen their product offerings for small- to medium-sized businesses (SMBs), more FinTechs...

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Lloyds Bank Brands Can Use Mastercard’s Open Banking Connect 
Lloyds Bank Brands Can Use Mastercard’s Open Banking Connect 
February 23, 2021  |  Payment Methods

Lloyds Bank credit card holders, including Halifax and the Bank of Scotland, can now use Mastercard’s Open Banking Connect to transfer funds, make withdrawals and...

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Atom Collaborates With Plaid On SMB Open Banking
Atom Collaborates With Plaid On SMB Open Banking
February 16, 2021  |  B2B Payments

To launch open banking services for its clients, British financial institution Atom is teaming with open finance platform Plaid. The latter company lets clients provide...

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The Clearing House: New Data Risk Assessment Facilitates Bank/FinTech Collaboration
The Clearing House: New Data Risk Assessment Facilitates Bank/FinTech Collaboration
February 04, 2021  |  Risk Management

As mobile banking proliferates and digital-first initiatives become the hallmark of financial services, bringing FinTechs and banks together on the same page — literally —...

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FIs Embrace FinTech Options To Bolster Business Banking
FIs Embrace FinTech Options To Bolster Business Banking
February 02, 2021  |  B2B Payments

There is more than one way to embrace collaboration in today’s business banking environment. This week’s look at the latest in open banking and bank-FinTech...

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