Most people within financial services are familiar with the term open banking, the concept of allowing data to flow in a controlled fashion from one repository to another, i.e. from banks to third ...

Since the inception of open banking, I have been advising banks and corporations on their open banking strategies; however, the term itself still baffles me. If you search for “open banking,” there is ...

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.

Whether it's through student loans, personal loans, mortgages, credit cards or car loans, the amount of interest many of us pay for financing is significant. In 2021, the average consumer held $96,371 ...

Canadian small businesses finally have what they’ve been waiting for: a timeline for consumer-driven banking The feds' ...

Keeping up with your financial affairs generally requires managing numerous accounts across several different websites and apps. Checking your accounts with multiple logins can be cumbersome.

The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their ...

President Trump's first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon ...

This content is contributed or sourced from third parties but has been subject to Finextra editorial review. 2024 saw the UK achieve a great deal. We saw the completion of the Competition and Markets ...

Regtech company Sumsub has partnered with Volt, the global real-time payments platform. In this new open banking partnership, Volt will power Sumsub’s Penny Drop Verification flow, which involves “an ...

Open banking is a new regulatory framework that will help Canadians manage all of their finances more efficiently and securely. Many or all of the products on this page are from partners who ...