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.

Artificial intelligence (AI) isn’t the only technology driving digital transformation. For banks, retailers and enterprise businesses, open banking and application programming interfaces (APIs) are a ...

1) An academic study titled “Open data and API adoption of US Banks” which equates the use of APIs with open banking, and 2) a Pymnts article titled “46% of US Consumers Say They’re Ready for Open ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The company has successfully updated the model bank to support the ...

The market opportunity for developing seamless, secure, and scalable services across the UK Open Banking landscape continues to grow. More than 6.5 million users access services through open banking ...

Standard Chartered (LON: STAN) announced the launch of its new Open Banking Marketplace, which is described as being a one-stop platform that enables both existing and prospective clients to discover, ...

API standardization in Open Banking can be likened to forging a universal financial lexicon. By adopting a standardized protocol, diverse financial systems can harmonize their operations, giving birth ...

Explainer: If you've heard talk of open banking in recent weeks, you might have wondered exactly what it is. It's been a topic of discussion in the finance sector for years, and is often touted as a ...

The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens, the move isn't hindering its bullishness on the broader ...

BASINGSTOKE, United Kingdom, Feb. 24, 2025 (GLOBE NEWSWIRE) -- A new study from Juniper Research, the foremost experts in fintech & payments markets, has found the number of Open Banking API calls ...

After a slow start in the U.K. and Europe, open banking is catching on with fintechs, which are using APIs to access banking data and rails and using them as an alternative to traditional credit ...

Open banking is breaking down the walls of silos within the financial sector. Historically, banking was designed to be conservative and highly compartmentalised to safeguard funds and maintain ...