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.

UK’s CMA Finds Open Banking Entity Failed to Stop Intimidation, Conflicts of Interest
UK’s CMA Finds Open Banking Entity Failed to Stop Intimidation, Conflicts of Interest
October 03, 2021  |  Digital-First Banking

An independent investigation set up by the Competition and Markets Authority (CMA) found that the Open Banking Implementation Entity (OBIE) has had poor governance and...

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EML Payments Buys Open Banking Firm Sentenial in Multi-Million Dollar Deal
EML Payments Buys Open Banking Firm Sentenial in Multi-Million Dollar Deal
September 30, 2021  |  Partnerships / Acquisitions

Australian global payments platform EML Payments received the go-ahead from French and U.K. financial regulators Thursday (Sept. 30) to purchase open banking company Sentenial Group...

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Open Banking, BNPL and the Transformation of Banking
Open Banking, BNPL and the Transformation of Banking
September 28, 2021  |  Banking

Evolve or die, they say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

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Worldline Launches WL Account-Based Payments for Online Businesses
Worldline Launches WL Account-Based Payments for Online Businesses
September 27, 2021  |  eCommerce

European payment provider Worldline on Monday (Sept. 27) introduced WL Account-Based Payments, an open banking account-to-account (A2A) payment program that lets online businesses launch a...

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Automated Payments Firm Serrala Teams With Open Banking Platform Tink on Direct Billing via Bank Apps
Automated Payments Firm Serrala Teams With Open Banking Platform Tink on Direct Billing via Bank...
September 26, 2021  |  Payment Methods

The financial and automation payments platform Serrala and the open banking service Tink have joined forces on a project to support open banking tech services....

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TrueLayer Joins ‘Unicorn Club’ as Fresh Funding Chases Open Banking Opps in Europe
TrueLayer Joins ‘Unicorn Club’ as Fresh Funding Chases Open Banking Opps in Europe
September 22, 2021  |  Investments

Global open banking platform TrueLayer joined the unicorn club this week, as its new $1 billion valuation points to both the opportunity and enthusiasm surrounding...

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Finicity CEO: Safeguarding Data Is ‘Foundational To Accelerating Innovation’
Finicity CEO: Safeguarding Data Is ‘Foundational To Accelerating Innovation’
September 21, 2021  |  Banking

The intersection of open banking, data aggregation, personal consent and privacy protections were at the cornerstone of the testimony given by Finicity CEO Steven Smith before the U.S. House...

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TrueLayer Notches $130M at $1B Value Backed by Tiger, Stripe
TrueLayer Notches $130M at $1B Value Backed by Tiger, Stripe
September 21, 2021  |  Investments

Global open banking platform TrueLayer raised $130 million in a funding round led by new investor Tiger Management with participation from Stripe, giving the startup...

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Lemonway, Tink Pair up on Open Banking Payments Across Europe
Lemonway, Tink Pair up on Open Banking Payments Across Europe
September 17, 2021  |  Digital Payments

Software company Lemonway and European open banking platform Tink are teaming up on Pay By Bank, an open banking-fueled initiative. The pairing brings Tink’s payment...

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