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 Banks Can Guide FinTechs Through Their First Economic Downturn
How Banks Can Guide FinTechs Through Their First Economic Downturn
May 22, 2020  |  B2B Payments

From competitors to collaborators, the FinTech boom introduced a field of opportunity for traditional financial institutions to team up with an industry newcomer to become...

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FinTechs Aid Banks In Their Own Open Banking Initiatives
FinTechs Aid Banks In Their Own Open Banking Initiatives
May 21, 2020  |  B2B Payments

Open banking initiatives and bank-FinTech collaborations continue to expand in an effort to improve financial services offerings for small and medium-sized businesses (SMBs). This week’s...

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Trend Talk: The Year Of Payments Infrastructure
Trend Talk: The Year Of Payments Infrastructure
May 13, 2020  |  Digital Payments

Digital transformation isn’t just a pricey lesson in technobabble. It’s about operationalizing the smartest, fastest tech now available to financial institutions (FIs) to create the...

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Small Businss Banking Secures New FinTech Unicorn
Small Businss Banking Secures New FinTech Unicorn
May 08, 2020  |  B2B Payments

There may be talk of a venture capital slowdown, but B2B FinTech saw a busy week, with more than $280 million raised. Investors found promise...

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How SEB Keeps A Watchful Eye On Its B2B Payments APIs
How SEB Keeps A Watchful Eye On Its B2B Payments APIs
May 06, 2020  |  API

Glitches such as those arising from faulty APIs can lead up to 88 percent of app users to abandon them, making it make or break...

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Deep Dive: How FIs Are Confronting Data Lag, Inadequacies In The Face Of Sophisticated Fraudsters
Deep Dive: How FIs Are Confronting Data Lag, Inadequacies In The Face Of Sophisticated Fraudsters
May 06, 2020  |  Fraud Prevention

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Merchants Deal With Data Regs As COVID-19 Clears
Merchants Deal With Data Regs As COVID-19 Clears
May 05, 2020  |  Regulation

Open banking was ready for its close-up when COVID-19 placed many such advanced initiatives on hold, in lieu of more practical and urgent considerations like...

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Open Banking Targets Pain Points — And Global Expansion
Open Banking Targets Pain Points — And Global Expansion
May 05, 2020  |  B2B Payments

Open banking remains on track to proliferate across the globe, in spite of the coronavirus pandemic. Rather, market volatility may actually be propelling open banking’s...

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Bankers On Fixing B2B Payments API Flaws
Bankers On Fixing B2B Payments API Flaws
May 05, 2020  |  API

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. Get the Full Story...

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