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.

The platform provider model is often the most strategic. By offering well-designed APIs to third-party developers, banks can ...

Banks can face security risks when customers share their financial data using third parties. Citizens Bank built a tool designed to let clients securely and efficiently share data. This article is ...

The concept of open banking, or financial data sharing between banks and fintechs, comes with a number of security concerns. What if an application programming interface — a tunnel through which data ...

As digital payment technologies continue to advance, pay by bank and open banking are transforming the global financial landscape. These innovations are reshaping how businesses and consumers transact ...

Basically, open banking means data is shared easily between banks and other financial services providers. This means transactions can happen more freely and it's easier for customers to use services ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Starting this week, customers of eight Swiss banks and two ...

Through this integration, eChannelling will now execute real-time, secure, and automated payments via Bank Accounts in collaboration with LankaPay's JustPay services.

Imagine a rule that forced banks to hand over your bank account credentials and sensitive transaction information to third parties with no guarantee of security, and all for free. It’s no fantasy–this ...