One in five UK consumers and small businesses actively use these services, creating an ecosystem worth approximately £4.1 ...

In 2017, the UK introduced open banking, a concept born from an initiative by the Competition and Markets Authority (CMA) aimed at improving retail banking. The CMA required the nine largest retail ...

Imagine a world where eCommerce payments are not only faster but also cheaper and more secure—this is the promise of Open Banking. Open Banking has the potential to revolutionise the way we make and ...

SSBs are set to play a pivotal role in the open banking structure contemplated by the CFPB’s Final Rule. They are to be “fair, open and inclusive” industry bodies that meet specific requirements for ...

Open banking in the UK is eight years old and has become an established part of the financial services sector, but its next phase will see it help create services beyond retail banking.

Much has been said and written about open banking in the last few years, and 2024 certainly saw it achieve significant traction. The U.K.’s open banking roadmap reached full completion, with the ...

Rohit Chopra, director of the Consumer Financial Protection Bureau. On Tuesday, the Consumer Financial Protection Bureau finalized a long-awaited rule that promises to enable consumers to better ...

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.

Payments group Flutterwave acquires open banking specialist Mono as it builds bank-based payment and data infrastructure ...