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.

Open Banking Reform Drives Competition in Israeli Financial Services Sector
Open Banking Reform Drives Competition in Israeli Financial Services Sector
December 27, 2022  |  Bank Regulation

Six months after Israel’s open banking legislation came into effect, the field is taking shape. Get the Full Story Complete the form to unlock this...

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Smartpay Uses Open Banking to Streamline BNPL in Japan
Smartpay Uses Open Banking to Streamline BNPL in Japan
December 27, 2022  |  Buy Now Pay Later

Smartpay is using open banking to streamline online installment purchases for customers in Japan. Get the Full Story Complete the form to unlock this article...

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Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
Fintech Galaxy Acquires Egyptian Open Banking Firm Underlie
December 22, 2022  |  Acquisitions

Fintech Galaxy has acquired the Egyptian open banking platform Underlie for an undisclosed sum. Get the Full Story Complete the form to unlock this article...

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Phoenix Group, Legal & General and Lloyds Banking Group Back Moneyhub
Phoenix Group, Legal & General and Lloyds Banking Group Back Moneyhub
December 20, 2022  |  Investments

Phoenix Group, Legal & General and Lloyds Banking Group have invested 55 million pounds in Moneyhub. Get the Full Story Complete the form to unlock...

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‘Financial Freedom’ App Updraft Raises $131M 
‘Financial Freedom’ App Updraft Raises $131M 
December 19, 2022  |  Investments

“Financial freedom” app Updraft has reportedly raised 108 million pounds sterling (about $131 million). Get the Full Story Complete the form to unlock this article...

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UK Authorities Outline Vision for the Future of Open Banking
UK Authorities Outline Vision for the Future of Open Banking
December 16, 2022  |  Banking

U.K. authorities have outlined a vision for the future of open banking in the country. Get the Full Story Complete the form to unlock this...

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New SCA Rules to Reduce Friction in Open Banking Payments
New SCA Rules to Reduce Friction in Open Banking Payments
December 14, 2022  |  Bank Regulation

Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. Get the Full Story Complete the form to unlock this...

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Open Banking Data Shakes Up European Insurance Market
Open Banking Data Shakes Up European Insurance Market
December 06, 2022  |  Insurance

Insurers are increasingly turning to open banking to personalize coverage, increase access and streamline applications. Get the Full Story Complete the form to unlock this...

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Stricter Nonbank Oversight Stokes Fears of FinTech Winnowing
Stricter Nonbank Oversight Stokes Fears of FinTech Winnowing
November 23, 2022  |  Regulation

Even though nonbanks are just what the name implies, in the eyes of regulators, some say it might be easier to treat them as if...

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