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.

Startup Updraft Uses Open Banking to Help UK Consumers Manage Credit Without the Credit Card
Startup Updraft Uses Open Banking to Help UK Consumers Manage Credit Without the Credit Card
November 02, 2021  |  Personal Finance

If a consumer needs to make a purchase but is cash-strapped or wants to save their money for other needs, a credit card always comes...

READ MORE >
Plaid’s ‘Ecosystem of Payment Partners’ Shows Breadth of Open Banking
Plaid’s ‘Ecosystem of Payment Partners’ Shows Breadth of Open Banking
October 21, 2021  |  Digital Payments

In the wake of its abandoned deal with Visa, Plaid is fully venturing on its own into the payments landscape. Get the Full Story Complete...

READ MORE >
Partnership Lets Worldline Clients Access Volt Payments Gateway
Partnership Lets Worldline Clients Access Volt Payments Gateway
October 19, 2021  |  Digital Payments

Open payments gateway Volt has launched a partnership with Worldline that will give more than 600 enterprise-level merchants access to Volt’s infrastructure. Get the Full...

READ MORE >
Jack Henry Announces Partnership With Open Banking Firms
Jack Henry Announces Partnership With Open Banking Firms
October 12, 2021  |  Digital Banking

The payments processing service company Jack Henry & Associates says that three open banking platforms are the first in their industry to integrate into its...

READ MORE >
Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
Tiger Global Leads $15M Funding in Nigerian Open Banking Startup Mono
October 11, 2021  |  Investments

Open banking startup Mono raised $15 million led by Tiger Global, with participation from existing investors Entree Capital, Lateral Capital, GPIC, Acuity VC and Ingressive...

READ MORE >
Open Banking APIs Offer Control And Transparency To UK Subscription Payments
Open Banking APIs Offer Control And Transparency To UK Subscription Payments
October 07, 2021  |  Subscription Commerce

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

READ MORE >
Today in B2B: Accessing ‘Invisible’ Corporate Travel Bookings; Koffie Expands Trucking Innovation 
Today in B2B: Accessing ‘Invisible’ Corporate Travel Bookings; Koffie Expands Trucking Innovation 
October 05, 2021  |  B2B Payments

Today in B2B payments, Grasp and Traxo team up to improve access to “invisible” corporate travel plans, and Koffie Labs expands into Georgia and Pennsylvania....

READ MORE >
UK Open Bank Platform Crezco Raises $4M
UK Open Bank Platform Crezco Raises $4M
October 04, 2021  |  B2B Payments

The London-based FinTech Crezco announced Monday (Oct. 4) it had raised 3 million pounds (or $4 million) in seed funding. Get the Full Story Complete...

READ MORE >
Security Breaches Underscore Questions on Open Banking’s Data Liability  
Security Breaches Underscore Questions on Open Banking’s Data Liability  
October 04, 2021  |  Security & Fraud

The chain of data protection – keeping the most sensitive information out of the hands of hackers and other bad actors – is only as...

READ MORE >