Open banking could unlock the next step in real-time payments’ evolution by bringing them directly to consumers through banks’ APIs — but acceptance in the U.S. will require a concerted effort between the industry and policymakers, says Akoya’s Anil Mahalaha.
Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses. While instant payments’ benefits for end users are obvious, open banking is slightly more esoteric. Open banking...
PNC Bank and Akoya LLC on Thursday (Sept. 30) announced the bank is integrating with the Akoya Data Access Network to allow PNC customers to share their financial data securely with FinTechs and data aggregators through its application programming interface (API) network. “PNC takes very...
FinTech collaborations can help banks provide offerings that are more tailored to their small to medium-sized business (SMB) clients and speed the development of mobile applications. This week’s roundup includes the embedding of SMB-focused software in a digital banking platform and the introduction of a...
May 19, 2023
Open banking and instant payments are two of the most exciting trends in digital banking today. Both of these services improve the financial lifestyles of consumers and businesses. While instant payments’ benefits for end users are obvious, open banking is slightly more esoteric. Open banking helps technology providers directly connect with user banks, improving their […]
August 24, 2023
Consumer-permissioned data — as a concept — is nothing new in financial services. Look back across the past few decades, Jamie DelMedico, vice president and head of product for Fiserv’s BillPay, Aggregation and Verification Services, told PYMNTS in a recent interview: “When aggregators started coming into the market, there was always some level of consumer […]
October 01, 2021
PNC Bank and Akoya LLC on Thursday (Sept. 30) announced the bank is integrating with the Akoya Data Access Network to allow PNC customers to share their financial data securely...
