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.

Cloud Security 101: Treasury Releases Essential Guidelines for FIs
Cloud Security 101: Treasury Releases Essential Guidelines for FIs
July 17, 2024  |  Cloud Banking

Today’s digital landscape has transformed the operational calculus for financial institutions (FIs) and corporations. And with the news Thursday (July 17) that the U.S. Department...

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Banking Sector Seeks More Time on CFPB Open Banking Rule
Banking Sector Seeks More Time on CFPB Open Banking Rule
July 17, 2024  |  CFPB

The banking industry wants more time to comply with a new rule governing consumer financial data. The open banking regulation in question is the Consumer...

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Trustly Lays Out Vision for Open Banking at Retail
Trustly Lays Out Vision for Open Banking at Retail
July 16, 2024  |  Payments Innovation

Open banking at retail — at the point of checkout — has the advantage of lowering the costs below traditional credit and debit options. Christina...

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AI Unlocks Feedback Loop Between Payments Innovation and Customer Expectations
AI Unlocks Feedback Loop Between Payments Innovation and Customer Expectations
July 15, 2024  |  Payments Innovation

All the innovation in the world changes nothing if it fails to meet the needs of end-users. And against a backdrop where expectations around payments...

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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024  |  Economy

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour...

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Traditional Banks Go Digital as Neobanks Face Regulatory Heat
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024  |  Digital Banking

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the...

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Are APIs the Power Source for Open Banking’s Rise?
Are APIs the Power Source for Open Banking’s Rise?
July 09, 2024  |  API

As open banking takes root in the United States, the role of application programming interfaces (APIs) will become more widely known and appreciated. That’s one...

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Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
July 08, 2024  |  Bank Regulation

Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules....

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Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
July 08, 2024  |  VISA

There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services...

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