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.

Digital IDs and Financial Services Collaboration Strengthen Proactive Fraud Prevention
Digital IDs and Financial Services Collaboration Strengthen Proactive Fraud Prevention
December 26, 2024  |  Security & Fraud

As payments become faster, fraudsters hide behind anonymity or concoct identities that seem legitimate, and then scam banks, merchants and individuals out of their money....

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Will 2025 Open the Floodgates for Open Banking?
Will 2025 Open the Floodgates for Open Banking?
December 26, 2024  |  Banking

Among the key trends in financial services in 2024 — as will be the case for the next year (and beyond) — has been the...

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Financial Services Regulation in 2025: More of the Same or Radical Shift?
Financial Services Regulation in 2025: More of the Same or Radical Shift?
December 24, 2024  |  Regulation

This year was marked by a steady drumbeat of regulations and rules — and requests from regulators for information and comments from financial services players...

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UK Financial Authorities to Improve Cooperation on National Payments Vision
UK Financial Authorities to Improve Cooperation on National Payments Vision
December 23, 2024  |  Regulation

Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise their agreement as the government pursues its...

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Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
Trump 2.0 Expected to Pursue Regulatory Rollbacks at CFPB
December 19, 2024  |  CFPB

A flurry of announcements and proposals from the Consumer Financial Protection Bureau in the weeks leading up to — and after — November’s election begs...

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Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
Beyond Breaches: Why Security and Trust Are the Real Currency of Payments
December 19, 2024  |  Security & Fraud

The stakes for fraud prevention and data security are rising with innovation across digital payments. Trust remains the cornerstone of today’s dynamic ecosystem, but it...

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Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money
Ex-Klarna UK CEO Alex Marsh Named Chair of Salad Money
December 18, 2024  |  Personnel

British financial institution Salad Money has named Klarna’s former U.K. CEO to chair its board. Alex Marsh, whose appointment was announced Wednesday (Dec. 18) in...

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Trustly and Fitness Software Firm BRP Team on Open Banking 
Trustly and Fitness Software Firm BRP Team on Open Banking 
December 17, 2024  |  Partnerships

Open banking payments provider Trustly has launched a partnership with fitness/wellness software-maker BRP Systems. The collaboration, announced Tuesday (Dec. 17), integrates Trusty’s payment solution with...

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Card Networks Challenge FinTechs for Account-to-Account Payments Share
Card Networks Challenge FinTechs for Account-to-Account Payments Share
December 16, 2024  |  Payments Innovation

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. In...

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