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.

Why Every Bank Can Be, and Should Be, a Banking-as-a-Service Company

Why Every Bank Can Be, and Should Be, a Banking-as-a-Service Company
Why Every Bank Can Be, and Should Be, a Banking-as-a-Service Company
June 03, 2022  |  Banking

“At the heart of every bank is a service company.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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TrueLayer, Thunes Team on Open Banking Payments in Europe, UK
TrueLayer, Thunes Team on Open Banking Payments in Europe, UK
June 01, 2022  |  Payment Methods

European open banking platform TrueLayer and Singapore-based FinTech and global cross-border payments platform Thunes are teaming up to make it easier for U.K. and European...

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Open Banking to Play Key Role in Accelerating Invisible Payments Trend
Open Banking to Play Key Role in Accelerating Invisible Payments Trend
June 01, 2022  |  Payments Innovation

In today’s world where consumers are more and more inclined toward convenience, the arrival of new payment methods has lifted the bar higher in terms...

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Open Banking Firm Tarabut Gateway Partners With Four Saudi Banks
Open Banking Firm Tarabut Gateway Partners With Four Saudi Banks
May 31, 2022  |  Partnerships

Bahrain-based open banking platform Tarabut Gateway has formed four new banking partnerships in the Kingdom of Saudi Arabia (KSA) as part of its expansion into...

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Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
Authorized Push Payment Fraud Challenges CFPB’s Open Banking Stance
May 30, 2022  |  Regulation

Despite the absence of specific legislation mandating the use of open banking in the U.S., this practice is growing across the country. Open banking —...

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Trustly Acquires Ecospend
Trustly Acquires Ecospend
May 30, 2022  |  Acquisitions

Global pay platform Trustly, which works on account-to-account (A2A) transactions, has bought open banking platform Ecospend as a way for Trustly to breach a huge...

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TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on Big Tech and Credit Card Firms 
TechREG Weekly US: Approach to Crypto by Lawmakers and Regulators Differ; CFPB Increases Pressure on...
May 27, 2022  |  Regulation

This week, U.S. policymakers and regulators made their cases on crypto assets and central bank digital currencies (CBDCs). While regulators tend to be very skeptical...

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Digital Wallet Coingrig Users Can Link to Bank Accounts
Digital Wallet Coingrig Users Can Link to Bank Accounts
May 25, 2022  |  Digital-First Banking

Digital wallet Coingrig has integrated Nordigen’s open banking platform in a move the companies say will “increase the ease of bank connectivity to their digital...

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Open Banking Firm Yapily, B2B FinTech Two Partner on BNPL for SMBs
Open Banking Firm Yapily, B2B FinTech Two Partner on BNPL for SMBs
May 25, 2022  |  B2B Payments

London open banking application programming interface (API) startup Yapily is working with B2B buy now, pay later (BNPL) FinTech Two to help small- to medium-sized...

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