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.

Mastercard Launches Open Banking Partnership With Unzer
Mastercard Launches Open Banking Partnership With Unzer
November 25, 2024  |  Partnerships

Payment/software solutions provider Unzer has formed an open banking-focused collaboration with Mastercard. The collaboration, announced Monday (Nov. 25), makes Mastercard Unzer’s open banking partner in...

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ValidiFI and PDI Team to Streamline Pay-by-Bank Enrollment
ValidiFI and PDI Team to Streamline Pay-by-Bank Enrollment
November 20, 2024  |  Digital Payments

Payment intelligence provider ValidiFI has teamed with fuel/convenience retail tech company PDI Technologies. The collaboration, announced Wednesday (Nov. 20), will see ValidiFI provide real-time bank...

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Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
Banks Target Account Opening Tech to Avoid Deposit Drift’s ‘Death by 1,000 Cuts’
November 13, 2024  |  Digital Banking

The average consumer has 5.3 bank accounts. Now that the Consumer Financial Protection Bureau has issued a final rule on data sharing, the age of...

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Clearing Up Pay-by-Bank Confusion Requires Education and Incentives
Clearing Up Pay-by-Bank Confusion Requires Education and Incentives
November 08, 2024  |  Payment Methods

Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the...

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Equifax UK Debuts Tariff Connect for Utility and Telecom Providers
Equifax UK Debuts Tariff Connect for Utility and Telecom Providers
November 07, 2024  |  Digital Onboarding

Equifax UK has introduced a customer onboarding solution for utility and telecom firms. As Fintech Finance News reported Thursday (Nov. 7), the new tool, called...

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What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
What Lies Ahead for the CFPB as Trump 2.0 Takes Shape?
November 06, 2024  |  Regulation

As Donald Trump retakes the reins of power, the uncertainty over who occupies the White House is over. Republicans are retaking the Senate, and the...

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Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking
Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking
November 05, 2024  |  Regulation

The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates —...

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AWS and Plaid Advance the Business Case for Open Banking and Pay by Bank
AWS and Plaid Advance the Business Case for Open Banking and Pay by Bank
October 29, 2024  |  Payments Innovation

It’s still premature to say that open banking and pay by bank have truly arrived in the U.S. However, with the Consumer Financial Protection Bureau...

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J.P. Morgan’s Dimon Says Banks Must ‘Fight Back’ Against Regulators
J.P. Morgan’s Dimon Says Banks Must ‘Fight Back’ Against Regulators
October 28, 2024  |  Bank Regulation

Jamie Dimon, CEO of J.P. Morgan Chase, the largest bank in the United States, said Monday (Oct. 28) that his colleagues should fight against overregulation....

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