Open Banking

This post was originally published on June 30th, 2020. This is the second part of our four part Open Banking series written by Aaryaman and Lars. As discussed in the previous segment, there are many ways a developer or service provider can access a user’s banking data. The two most…

This post was originally published on June 29th, 2020. This is the second part of our four part Open Banking series written by Aaryaman and Lars. Before getting into the rise of open banking, it is important to understand the definition of the term. Internationally, the term “Open Banking“ refers…

This past month has flown by. After announcing the Weavr acquisition in March, it has been full steam ahead for both teams as we collaborate and join forces. Complementary companions Weavr and Comma set out on different but ultimately complementary missions: Weavr enables businesses to embed financial services into their software to…

Since launching Open Banking has sparked a revolution in the financial services industry. With momentum continuing to build, we explore the importance of Open Banking for consumers and merchants. By David Mora: Global Head Data & Analytics PagoNxt Merchant Solutions Since the launch of the EU’s Payments Service Directive 2…

Deal News week ending May 5th, 2023 Overview: 4 deals caught my attention across wealth, banking, and asset management technology this week. Most of the deals were about firm’s looking toward acquisitions as a way of addressing some gaps in their own value proposition, while at the same time opening…

In recent years, the banking industry has undergone a significant transformation due to the emergence of Open Banking. This innovative approach to financial services has been fueled by technology and the need for greater transparency and competition in the industry. However, with the growth of Open Banking comes the challenge…

The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to…

Open Banking has revolutionized the way we interact with our finances. It allows third-party financial service providers to access our banking information with our consent, giving us more control over our money and providing us with more financial options. However, as with any technological innovation, there are risks involved, particularly…

Open banking in fintech is the practice of allowing users to securely share their financial data with third-party applications. This can include things like account information, transaction data, and even the ability to initiate online payments. …