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.

EU Says GDPR A Success; Consumers Still Skeptical Of Open Banking Security

EU Says GDPR A Success; Consumers Still Skeptical Of Open Banking Security
EU Says GDPR A Success; Consumers Still Skeptical Of Open Banking Security
June 29, 2020  |  Legal & Regulation

Two years in, there’s no easy lifting for companies looking to comply with the General Data Protection Regulation (GDPR), which governs how data gets transferred...

READ MORE >
Deep Dive: Reducing The Security Risks Of Open Banking
Deep Dive: Reducing The Security Risks Of Open Banking
June 29, 2020  |  Fraud Prevention

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Investec On Building Consumer Trust In Open Banking Systems
Investec On Building Consumer Trust In Open Banking Systems
June 26, 2020  |  Fraud Prevention

More than 10,000 financial institutions (FIs) are currently participating in open banking initiatives worldwide. But as it turns out, approximately 49 percent of banking customers...

READ MORE >
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...

READ MORE >
Revolut Adds Amex To Open Banking Feature
Revolut Adds Amex To Open Banking Feature
June 25, 2020  |  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...

READ MORE >
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...

READ MORE >
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,...

READ MORE >
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...

READ MORE >