API standardization in Open Banking can be likened to forging a universal financial lexicon. By adopting a standardized protocol, diverse financial systems can harmonize their operations, giving birth ...

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.

Standard Chartered (LON: STAN) announced the launch of its new Open Banking Marketplace, which is described as being a one-stop platform that enables both existing and prospective clients to discover, ...

The financial services industry is undergoing a seismic shift, driven by Open Banking — a movement that promotes customer-centric banking through APIs. By enabling secure data sharing and seamless ...

Canada’s Finance Ministry has been holding discussions with stakeholders for several years about introducing open banking, which uses secure application programming interfaces (APIs) to share ...

Ozone API, the global open banking firm, recently announced a strategic partnership with Tuum, a core banking provider, to enable Tuum’s customers to comply with open banking regulations and ...

Henk van Hulle, CEO of OBL, says: “In just eight years, Open Banking Limited has helped build an ecosystem that people and ...

While the recent partnership between fintech Wise US Inc., which specializes in cross-border payments, and Plaid Inc. is another example of the momentum open banking is gaining globally, one ...

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 ...

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.