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.
The UK made its mark on Open Banking, but as global sights turn to the loftier prize of open finance, it's in danger of being left behind.
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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 announced the launch of their Account Opening solution at Fintech Nexus USA 2023, streamlining verification and reducing fraud.
Embedded finance has been caught in the convergence of instant payments and open banking. It could be its time to shine.