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.

Connected Banking Requires New Security Protocols to Keep Consumer Data Safe

Connected Banking Requires New Security Protocols to Keep Consumer Data Safe
Connected Banking Requires New Security Protocols to Keep Consumer Data Safe
February 02, 2022  |  Faster Payments

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Today in FinTech: Rapyd, Neat Combine for X-Border Trade; Ayoconnect Raises $15M
Today in FinTech: Rapyd, Neat Combine for X-Border Trade; Ayoconnect Raises $15M
January 31, 2022  |  Digital Banking

In today’s FinTech news, FinTech-as-a-Service firm Rapyd snaps up cross-border trade enabling platform Neat to deliver expanded digital services to small- to medium-sized businesses (SMBs)....

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Convenience Driving Consumers to Open Banking
Convenience Driving Consumers to Open Banking
January 31, 2022  |  Digital-First Banking

A recent report finds that a majority of American and Canadian consumers say they’d be willing to share financial information with FinTechs if it meant...

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Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data Sharing
Financial Data Exchange: 28 Million US Consumers Now Use Its API for Open Banking Data...
January 26, 2022  |  API

FDX has reported 28 million consumer accounts now using its FDX API for open finance and open banking data sharing, a press release says. Get...

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Today in FinTech: Walmart’s Hazel Rebrands With Acquisitions; WEX Launches Toll Management With Bestpass
Today in FinTech: Walmart’s Hazel Rebrands With Acquisitions; WEX Launches Toll Management With Bestpass
January 26, 2022  |  Digital Banking

In today’s FinTech news, Walmart’s Hazel buys two startups with an eye on developing a personal finance super app, while WEX teams with Bestpass to...

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Open Banking’s Way Forward Involves More Data Sharing, Not Less
Open Banking’s Way Forward Involves More Data Sharing, Not Less
January 26, 2022  |  Digital-First Banking

Despite a slow start in the United Kingdom and much of Europe, open banking is catching on, and this progress will likely accelerate rather than...

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PYMNTS Intelligence: How Open Banking Growth Impacts Business Banking Prospects
PYMNTS Intelligence: How Open Banking Growth Impacts Business Banking Prospects
January 25, 2022  |  Banking

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Today in the Connected Economy: FedEx, Microsoft Roll out Logistics-as-a-Service; Vroom Delivery, Turstly Allow Open Banking Payments
Today in the Connected Economy: FedEx, Microsoft Roll out Logistics-as-a-Service; Vroom Delivery, Turstly Allow Open...
January 24, 2022  |  Connected Economy

Today in the connected economy, Microsoft and FedEx are collaborating on Logistics-as-a-Service, and Vroom and Trustly are working together to allow for online deliveries that...

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Vroom Delivery, Trustly Team to Allow Open Banking Payments for Online Customers
Vroom Delivery, Trustly Team to Allow Open Banking Payments for Online Customers
January 24, 2022  |  Partnerships

Convenience industry eCommerce platform Vroom Delivery has teamed up with global online banking company Trustly to allow customers to pay with their bank accounts when...

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