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.

Trustly and Light & Wonder Team on Cashless Casino Deposits
Trustly and Light & Wonder Team on Cashless Casino Deposits
April 10, 2024  |  Partnerships

Trustly launched a payments partnership with games company Light & Wonder. The collaboration is designed to bring cashless, in-person deposits to casino floors using Light & Wonder’s...

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Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns
Investment Apps Tap Open Banking to Help Consumers Cut Costs, Maximize Returns
April 04, 2024  |  Banking

Traditional wealth management services often involve face-to-face interactions with financial advisors, extensive paperwork and opaque fee structures, making the process daunting for many potential investors....

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ClearBank Considers US Expansion After Hitting Profitability
ClearBank Considers US Expansion After Hitting Profitability
April 04, 2024  |  Banking

Embedded banking firm ClearBank is reportedly planning to expand into Europe and the U.S. Charles McManus, the British firm’s CEO, told Bloomberg News Thursday (April...

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Brim Financial Plans International Expansion After $85 Million Series C
Brim Financial Plans International Expansion After $85 Million Series C
April 03, 2024  |  Investments

FinTech infrastructure firm Brim Financial has raised $85 million in a Series C funding round. “This funding will accelerate Brim’s growth and fuel our international expansion,” Rasha Katabi, CEO and...

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NCR Voyix Says Open Banking Will Gain Wide Embrace in the US
NCR Voyix Says Open Banking Will Gain Wide Embrace in the US
April 03, 2024  |  Banking

Shadi Saifan, vice president of engineering at NCR Voyix, told PYMNTS in an interview that bridging the gap between the promise of open banking and making...

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Dwolla Taps MX for Account Verification, Aggregation Solutions
Dwolla Taps MX for Account Verification, Aggregation Solutions
March 27, 2024  |  Digital Banking

Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement. The company’s recently launched open banking services include bank verification and balance check capabilities...

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Payop Partners With Tink to Add Pay-by-Bank in Europe
Payop Partners With Tink to Add Pay-by-Bank in Europe
March 27, 2024  |  Partnerships

Payop and Tink partnered to promote the adoption of pay-by-bank as a payment method across Europe. Payop added Tink’s pay-by-bank offering to the eCommerce checkout options it offers...

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Banks Need to Copy eCommerce’s ‘Friction-Free’ Experiences
Banks Need to Copy eCommerce’s ‘Friction-Free’ Experiences
March 27, 2024  |  Banking

Eric Foust, VP of Banking Partnerships, North America at Trustly, said that in the wake of the pandemic, consumers are looking toward banks to deliver the...

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Banks Embrace the Digital Age to Become Financial Service Aggregators and Platforms
Banks Embrace the Digital Age to Become Financial Service Aggregators and Platforms
March 27, 2024  |  Banking

Jim McCarthy, CEO of Thredd, said in a recent interview that banks have to break down their walled gardens to give customers what they truly...

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