"Open" has recently become a new buzzword in the financial services industry, i.e. open data, open APIs, open banking… , but what does this new buzzword really mean? "Open" refers to the capability of ...

If a business wants to let a software program consume its banking data, it typically needs to go through a long series of processes, involving extensive paperwork and implementation, to do so.

This post is the fourth and final in a series discussing Open Banking, its implementations, and its implications. The start of the series is here, and all of the posts in the series are available here ...

Many leading financial institutions across the Asia-Pacific region have been embracing application programming interfaces (APIs) to spur innovation and drive collaboration with startups and partners ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The partnership marks a significant step, combining Ozone API’s leading ...

At this point in your life as a consumer, you’re accustomed to having less privacy than you used to. Technology in financial products makes your life easier in myriad ways, but also far less private.

In the new open banking world, banks are no longer just service providers but platform enablers that offer everything from payment processing to account verification through application programming ...

Fintech solutions have completely transformed financial and banking institutions, and they continue to do so thanks to new technological advances. One such solution that has the power to revolutionize ...

Promsvyazbank and Tochka, a Fintech-focused service for SMEs, reportedly began using an Open Banking API implemented by the Bank of Russia and the Russian Fintech Association (RFA). They’ve passed the ...

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes ...

Fintech startup Yapily has raised a $51 million Series B funding round led by Sapphire Ventures. The company has been working on a single, unified open banking API for several European markets.

Increasingly banks are moving beyond basic compliance with Open Banking mandates to proactively participate in platforms and ecosystems that better leverage customer data and create truly personalized ...