open-banking
FinanceUK to establish independent firm to boost open banking payments
FinanceOpen banking is on the UK government’s agenda, but is the vision achievable and is it what consumers need?
InterviewsInterview: Wissam Khoury, Finastra – Embracing the future of open treasury and capital markets solutions
FinanceA Trend to Topple the Card Giants?
Unbundling payments: the next great frontier in banking?
Date: July 15, 2024
By Lucian Daia, CTO at Zitec The traditional model of bundled financial services offered by banks that we’re all too familiar with is being increasingly revamped by a more specialised and tailored approach, driven by unstoppable tech advancements and regulatory requirements like PSD2 and looking even further ahead, PSD3. This shift towards unbundling and open payments...
The Open Banking Challenge: Ensuring Compliance with API Standards for the Financial Industry
Date: July 11, 2024
By Jamie Beckland, Chief Product Officer at APIContext For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a powerful combination that streamlines how financial data is exchanged. Moreover, APIs reduce IT complexity and simplify financial transactions for the financial industry. However, as this landscape evolves, particularly with API usage increasing, meeting regulatory...
Collaboration Is the Key to Open Banking Interoperability
Date: July 11, 2024
Alex Reddish, Managing Director of Tribe Payments, an API-first digital payments and infrastructure orchestrator, outlines how the true potential of Open Banking remains untapped. Global Open Banking payments transaction values are expected to exceed $330 billion by 2027, up from $57 billion in 2023. But are they truly global? The simple truth is that the bulk of transactions...
Meet the Fintech Company Enabling Businesses to Move Before the Market to Power Faster, Smoother Transactions With Open Banking, Instant Payments and More
Date: April 4, 2024
Meet the Fintech Company Enabling Businesses to Move Before the Market to Power Faster, Smoother Transactions With Open Banking, Instant Payments and More When Marc Milewski and Miles Schwartz co-founded Zum Rails in 2019, open banking and instant payments were still in their infancy in North America. Fintech companies were only just beginning to demonstrate...
The Transformative Power of Open Banking for E-commerce: an interview with Anastasija Tenca, Chief Operations Officer at Noda
Date: March 15, 2024
The Transformative Power of Open Banking for E-commerce: an interview with Anastasija Tenca, Chief Operations Officer at Noda What is the key benefit of open banking for e-commerce businesses? The key benefit is that it enhances the customer experience while reducing financial risks for merchants. By adopting open banking, retailers can gain deep insights into...
PSD2: Is Open Banking suffering from API sprawl?
Date: February 22, 2024
PSD2: Is Open Banking suffering from API sprawl? By Andy Mills, VP of EMEA, Cequence Security One in nine UK citizens now use open banking, with payment volumes doubling during the first six months of last year, according to the Open Banking Impact Report. But provider adoption has not been as fast paced as expected,...