Tag: Open Banking

Pressure is mounting for PNC Bank after it locked out clients from using bill-splitting app Venmo, but the affair also highlights a the question of whether open banking should be introduced in the US.

Despite Open Banking first being revealed two years ago, there is still a lot of confusion around what it actually is, a new study from Intuit QuickBooks claims.

Digital banking solution builder Epiphany and mobile messaging solution for banks Kaleyra have launched Italy’s first open banking hub.

Ernst & Young (EY) has partnered with Open Banking Nigeria to build and advocate a standard application programming interface (API) for the country’s financial services industry.

As the deadline for PSD2 looms and financial services frantically try to get systems ready, application programming interface (API) standardisation would ease challenges, according to a panel at the Global RegTech Summit 2019.

Most banks in Denmark will be ready for PSD2 by its implementation date, although the quality of the APIs will be debated – and there are concerns around the readiness for Strong Customer Authentication (SCA), according to Tobias Thygesen director of FinTech, payment services and governance division at Finanstilsynet.

The Middle East Africa and South Asia region is getting its first know your customer (KYC) data-sharing consortium in Dubai

The Open Banking Implementation Entity (OBIE) has recommended an improvement to the payments capabilities and refund functionality.

Norwegian bank group SpareBank 1 has picked Nets Access to Account Services (NAAS) to support its open banking infrastructure.

None of the tested bank APIs released by the 14 June deadline have met quality requirements of PSD2, according to new analysis by Tink.