The results of a recent Axway survey on open banking in America bode well for its adoption stateside. More than half, 55%, have heard of open banking, with 32% believing they have a decent understanding of it.
Card payment fees have been a long-standing issue for businesses. Pay by bank could be a solution. Plaid joins Adyen to make it possible.
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Community banks have faced increased challenges. Open access to generative AI and a possible open banking ruling may be a game changer.
There is still too much friction involved in switching bank accounts. But a new tool from Atomic called PayLink is addressing this friction by making it easy for users to move their recurring payments.
In the space of a week, Petal and newly-formed spin-off, Prism Data have made two significant announcements, super charging open banking.
Mastercard and JP Morgan have partnered to bring open banking payments to billpaying. This is just the first development from the partnership.
With the heightened cost of living battering UK PSPs, many consider Open banking to be the silver bullet, but with adoption at only 10% of the population, innovation is needed.
In a long awaited move, the CFPB proposed a rule to improve consumer access to their financial data and drive the shift to open banking.
Nubank is the top receiver of customer data, outlining fintech's significant opportunities in Open Finance in Brazil.
Rohit Chopra took to the stage to discuss imminent rules that could spark a competitive open banking revolution.