There is a behind the scenes fight brewing between fintechs and banks who are setting setting stricter guidelines on who...
AI occupies executives’ thoughts in many ways, according to the results of Sopra’s third annual Digital Banking Experience Report.
Portugal based BNI Europa has formed a partnership with German software firm NDGIT to expand their open banking offering across...
In an interview with PYMNTS.com, the head of network and partnerships for Bud, Alan Walsh, talks about the state of open...
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.
A new survey, sponsored by Temenos and conducted by The Economist’s Intelligence Unit, of bank executives found 54 percent of...
Banks have historically been the guardians of customer information, but that has started to change with open banking; opening up information to third parties via customers has led banks to think more and more about security breaches; Now it’s not just about building a wall and not letting anyone in,” said Ram Bose, global retail banking consulting leader at Genpact, to TearSheet. “It’s about building a filter or strainer that lets some things in or out and not other things.”; the UK has regulations that mandate the sharing of info but the US has only set out standards and banks have been doing one off deals; new technologies like AI and machine learning can help to better secure agreements when banks are working with 20 or more potential partners; it is early days but banks can help to set up the standards they use by working together with fintechs and regulators. Source.
Tink just closed a €90 million funding round; now Tink is working with BNP Paribas on account aggregation, payment initiation...
CFPB director Rohit Chopra lobbed a surprise grenade onto the expo floor Tuesday morning by announcing plans for an open banking rule.
Skinner shares some of the headlines by mainstream media as Open Banking officially launched in the UK; many were negative and included how consumers should fear the changes; not surprisingly the fintech community are strong advocates of Open Banking; Skinner shares his perspective on these two sides battling, the mainstream banks and mainstream media, and the fintech community and more niche media. Source