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.

EMEA FinTech NORD.Investments, Mastercard Team on Open Banking Payments
EMEA FinTech NORD.Investments, Mastercard Team on Open Banking Payments
September 21, 2022  |  Digital Banking

Mastercard company Aiia is collaborating with NORD.Investments to allow more open banking payments in Denmark’s largest independent digital investment advisor platform, a press release from...

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Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
Open Finance Platform MX Adds Connectivity, Insights, Mobile Banking
September 21, 2022  |  Digital Banking

Open finance platform MX has announced product updates that bolster the platform’s ability to deliver financial data to financial institutions (FIs) and FinTechs and help...

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As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
As MENA FIs Adopt Open Banking, EU’s Mistakes Loom Large
September 20, 2022  |  Digital Banking

Unlike the United Kingdom and Europe, the use of application programming interfaces (APIs) by third parties to access consumers’ financial data with their consent —...

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London Open Banking Startup TrueLayer Cuts 10% of Staff
London Open Banking Startup TrueLayer Cuts 10% of Staff
September 16, 2022  |  Banking

Citing formidable market conditions, London open banking startup TrueLayer — valued at $1 billion last year — is laying off 10% of its staff of approximately 443...

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A Rough Guide to Europe’s Open Banking Platforms
A Rough Guide to Europe’s Open Banking Platforms
September 09, 2022  |  emea

It is now nearly seven years since the European Commission passed the Revised Payment Services Directive (PSD2), and nearly three years since the final deadline...

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Pleo Teams With Yapily to Power SMB Cash Flow
Pleo Teams With Yapily to Power SMB Cash Flow
September 08, 2022  |  Digital-First Banking

Automated expense management system Pleo is partnering with open banking application programming interface (API) startup Yapily to help small and medium-sized businesses (SMBs) manage cash...

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Today in B2B Payments: 2 Companies Announce Acquisitions
Today in B2B Payments: 2 Companies Announce Acquisitions
September 07, 2022  |  B2B Payments

Today in B2B payments, FLEETCOR acquires Plugsurfing to facilitate payment for electric vehicle (EV) charging in Europe, while TimePayment buys QuickSpark to combine the two...

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What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
What Yolt’s Exit Means for B2Bs in Europe’s Competitive Open Banking Market
September 06, 2022  |  Digital-First Banking

At the end of August, the Dutch banking group ING announced that it would be phasing out its open banking platform Yolt, citing a “rapidly...

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Open Banking Europe and Open Banking Exchange Merge to Create ‘One Global OBE’
Open Banking Europe and Open Banking Exchange Merge to Create ‘One Global OBE’
September 06, 2022  |  Digital-First Banking

Open Banking Europe announced Monday (Sept. 5) that it has merged with its international division, Open Banking Exchange, to form a single global organization called...

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