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.

Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says Crypto Dependent on ‘Hype’

Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says Crypto Dependent on ‘Hype’
Today in TechREG: CFPB Takes Steps to Implement Open Banking Principles; US Banking Regulator Says...
May 25, 2022  |  Regulation

Today in TechREG, the Consumer Financial Protection Bureau (CFPB) announced the creation of a new office in the agency to promote competition and innovation. When...

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CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
CFPB Takes First Steps for Open Banking, Big Tech Scrutiny
May 25, 2022  |  CFPB

When Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified on Capitol Hill in late April about the agency’s future plans to promote open banking...

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PYMNTS AM Radar: MatchMove Buys Shopmatic, Hospitality in Virtual Kitchens
PYMNTS AM Radar: MatchMove Buys Shopmatic, Hospitality in Virtual Kitchens
May 23, 2022  |  Investments

Today is May 23. It’s Victoria Day in Canada. A holiday originally meant to mark the birthday of Queen Victoria, it now serves as a...

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Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
Open Banking Bumpy but Adoption Curve Better Than Contactless Payments
May 23, 2022  |  Banking

Despite its potential to transform the financial services sector, the rollout of the open banking scheme in the U.K. to provide secure, third-party access to...

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Legacy Banks Must Step up Real-Time Data Analytics
Legacy Banks Must Step up Real-Time Data Analytics
May 19, 2022  |  Banking

In today’s fast-paced digital world, traditional financial institutions have a problem on their hands. Get the Full Story Complete the form to unlock this article...

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EU Regulator Launches PSD3, Open Finance Consultations
EU Regulator Launches PSD3, Open Finance Consultations
May 18, 2022  |  Regulation

The European Commission has launched a public consultation to gather information for its review of the second EU Payment Services Directive (PSD2). The same day,...

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To Avoid Failure, BNPL for Business Must Be Customized, Not Cloned
To Avoid Failure, BNPL for Business Must Be Customized, Not Cloned
May 16, 2022  |  BNPL

Buy now, pay later (BNPL) transaction volume is expected to reach $680 billion worldwide by 2025, a clear indication that consumers will continue to embrace...

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Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
Changes in Open Banking, Fraud Key to Boost Digital Payments, Says UK Regulator
May 13, 2022  |  Regulation

The U.K. Payment System Regulator’s (PSR) panel issued recommendations on May 10 to eliminate barriers for consumers and merchants to access digital payments in the...

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Token.io Raises $40M To Drive Push for Account-to-Account Payments
Token.io Raises $40M To Drive Push for Account-to-Account Payments
May 13, 2022  |  Payment Methods

Open banking payments platform Token.io raised $40 million in a Series C funding round that it will use to continue advancing the shift from traditional...

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