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.

You Can’t Teach an Old Tech Stack New Payments Tricks
You Can’t Teach an Old Tech Stack New Payments Tricks
January 21, 2025  |  B2B Payments

The tech stack is the engine that keeps businesses running, but for many financial services firms, it remains a labyrinth of outdated systems and cumbersome...

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Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
Partnerships Between Credit Unions and FinTechs Create ‘Proactive Future’
January 16, 2025  |  Partnerships

In the past, financial institutions and FinTechs competed with one another, jostling for clients’ accounts, loyalty and debit card spending. Get the Full Story Complete...

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Ingo’s Edwards Credits ‘Culture of Possibility’ for Embedded Banking Progress
Ingo’s Edwards Credits ‘Culture of Possibility’ for Embedded Banking Progress
January 15, 2025  |  Opinion

Technology can mitigate risk, enhance security and optimize customer interactions in banking and payments, Ingo Payments CEO Drew Edwards writes in a new PYMNTS eBook,...

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Citi Says Developer Portal Is Bank’s Innovation Accelerator
Citi Says Developer Portal Is Bank’s Innovation Accelerator
January 13, 2025  |  Banking

As platforms, corporates and financial institutions scale and bring personalized financial products and solutions to their end customers, application programming interfaces (APIs) are proving to...

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46% of US Consumers Show Interest in Open Banking for Bill Pay
46% of US Consumers Show Interest in Open Banking for Bill Pay
January 10, 2025  |  Payments Innovation

In the modern business landscape, adopting open payments platforms is no longer optional; it’s a necessity. Get the Full Story Complete the form to unlock...

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CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles
CFPB’s Open Banking Standardization Push Faces Legal, Logistical Hurdles
January 09, 2025  |  CFPB

The news this week that the Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body — to help determine how...

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CFPB Permits Financial Data Exchange to Set Open Banking Standards
CFPB Permits Financial Data Exchange to Set Open Banking Standards
January 08, 2025  |  Bank Regulation

The Consumer Financial Protection Bureau (CFPB) has recognized Financial Data Exchange (FDX) as a standard-setting body, allowing it to issue standards that companies can use...

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Regions Bank Taps Axway to Provide Open Banking Services
Regions Bank Taps Axway to Provide Open Banking Services
January 06, 2025  |  Banking

Regions Bank says it has launched a partnership with data integration firm Axway. Get the Full Story Complete the form to unlock this article and enjoy...

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Finastra Names Ex-Avantax CEO Chris Walters as New Chief Executive
Finastra Names Ex-Avantax CEO Chris Walters as New Chief Executive
January 06, 2025  |  Personnel

U.K.-based financial services software firm Finastra has a new chief executive. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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