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.

Trustly and Newline Partner to Facilitate Money Movement in US
Trustly and Newline Partner to Facilitate Money Movement in US
September 05, 2024  |  Partnerships

Trustly and Newline by Fifth Third have teamed up to facilitate money movement in the United States. This collaboration brings together Trustly’s open banking payments...

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Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
September 04, 2024  |  Partnerships

Nova Credit has launched a partnership with data access network Akoya. The collaboration, announced Wednesday (Sept. 4), is designed to help lenders employ cash flow...

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PortX Launches FinTech Hub on AppMarket From Fiserv
PortX Launches FinTech Hub on AppMarket From Fiserv
September 04, 2024  |  Digital Banking

Financial infrastructure and integration technology company PortX is launching Fintech Hub on AppMarket from Fiserv. PortX, which offers integration-platform-as-a-service (IPaaS) to financial institutions, said in a...

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Ingo Payments Acquires Deposits Inc. to Redefine Money Mobility for Banks and Corporates
Ingo Payments Acquires Deposits Inc. to Redefine Money Mobility for Banks and Corporates
September 04, 2024  |  Digital Payments

There’s moving money and then there’s money mobility. One represents the current state of how money moves in and out of accounts. The latter is...

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Tarabut Acquires Vyne as New Open Banking Rules Come Online
Tarabut Acquires Vyne as New Open Banking Rules Come Online
September 03, 2024  |  Acquisitions

Open banking platform Tarabut has acquired British account-to-account (A2A) business payments platform Vyne. The deal, announced Tuesday (Sept. 3), is designed to strengthen Tarabut’s ability to offer faster and more...

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They Said That: Notable Quotables From the Last Week of Summer 2024
They Said That: Notable Quotables From the Last Week of Summer 2024
September 02, 2024  |  News

Cue the Beach Boys and Jimmy Buffett. It’s the last week of summer, and while a lot of the banking and payments world was on...

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Trustly CRO Says Pay-by-Bank Solutions Benefit From Regulation and Shifting Consumer Preferences
Trustly CRO Says Pay-by-Bank Solutions Benefit From Regulation and Shifting Consumer Preferences
August 29, 2024  |  Payments Innovation

Within an open banking environment, advances like pay by bank are transforming money movement. At its core, pay by bank allows consumers to make payments...

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Thredd SVP Says FinTechs Need a Gut Check as They Safeguard Money Movement  
Thredd SVP Says FinTechs Need a Gut Check as They Safeguard Money Movement  
August 20, 2024  |  Regulation

As the regulatory gaze sharpens on FinTechs, the companies themselves are mindful that they need new tools and a new approach to operations, in order...

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PSR Explores Expanding Variable Recurring Payments in UK
PSR Explores Expanding Variable Recurring Payments in UK
August 15, 2024  |  Regulation

Great Britain’s payments regulator has taken another step in its variable recurring payments (VRP) project. In December, the Payment Systems Regulator (PSR) put forth a...

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