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.

Mastercard Taps Token.io For Connectivity Hub
Mastercard Taps Token.io For Connectivity Hub
February 13, 2019  |  Mastercard

Token.io, the London and San Francisco-based open banking platform company, announced news on Wednesday (February 13) that Mastercard has chosen it to provide the connectivity layer for...

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Plaid Expands Auth App To All US Banks
Plaid Expands Auth App To All US Banks
February 12, 2019  |  B2B Payments

The U.K. may have been “ground zero” for Open Banking, but the collaborative model that brings together traditional financial services players and tech upstarts has...

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Lloyds Launches Open Banking App Feature
Lloyds Launches Open Banking App Feature
February 07, 2019  |  Digital Banking

Lloyds Bank, a British financial institution, has released a new feature to its banking app that will allow customers to see their accounts from other...

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Deposit Solutions Brings Savedo To Switzerland; Mall Retailers Take WeChat Pay
Deposit Solutions Brings Savedo To Switzerland; Mall Retailers Take WeChat Pay
February 06, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Deposit Solutions’ rollout of business-to-consumer (B2C) open banking channel...

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Cross-Border Efforts Mark Open Banking, API Collaborations
Cross-Border Efforts Mark Open Banking, API Collaborations
February 05, 2019  |  B2B Payments

This new age of Open Banking and PSD2 has opened the door to collaboration between banks and FinTech firms — so, too, has it opened the...

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Open Banking FinTech Bud Lands $20M
Open Banking FinTech Bud Lands $20M
February 05, 2019  |  B2B Payments

Open Banking-as-a-service FinTech Bud has announced $20 million in Series A funding, the company said in a blog post on Sunday (Feb. 3). HSBC, Goldman Sachs,...

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Deep Dive: PSD2 And FCA Exemptions
Deep Dive: PSD2 And FCA Exemptions
January 28, 2019  |  Regulation

PSD2 requires every player in the EU that handles payments to make adjustments to ensure faster and more transparent transactions. The regulation opens customer data...

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Where APIs Fall Short On Corporate Finance Integration
Where APIs Fall Short On Corporate Finance Integration
January 25, 2019  |  B2B Payments

Real-time access to data is a driving force behind enterprise modernization. It is, in part, why businesses are digitizing and adopting technology, as they look...

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How APIs Help Deliver B2B Payments Personalization — At Scale
How APIs Help Deliver B2B Payments Personalization — At Scale
January 17, 2019  |  API

Open banking shows no sign of diminishing in 2019. Several countries are already enacting open banking legislation, and the trend is even growing in the...

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