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.

"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 ...

Open banking comes with a lot of expectations and promises, such as democratisation of Access to Account (X2A), increased competition between banks and fintechs, and provision of better control to end ...

This article is the second in a two-part series. Part one explored major pressures banks face as API-driven, open banking ecosystems emerge across global markets. Part two will explore the best ...

The global bank is getting ahead of new regulations by building and publishing APIs and launching a new consumer app to start leveraging the technology As open banking comes into force at the ...

Application programming interfaces (API), open banking and banking as a service (BaaS) are making banking easier than ever, and the old ways of controlling finances and doing business are becoming ...