"Open" has recently become a new buzzword in the financial services industry, i.e. open data, open APIs, open banking… , but what does this new buzzword really mean? "Open" refers to the capability of ...

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.

To reach new consumers and businesses for savings and lending, Citibanamex isn't just building new products — it's building application programming interfaces, or APIs. This plan is also crucial for ...

Open banking comes with a lot of expectations and promises, such as democratisation of Access to Account (X2A), increased competition between banks and fintechs, and provision of better control to end ...

Open Banking and PSD2 — groundbreaking regulation from the U.K. and European Union, respectively — set out to fix what politicians and civil servants perceived as a malfunctioning financial services ...

The advent of PSD2 means banks have to up their game on interoperable access to data and transactions. But Open Banking faces an API challenge The European Union’s revised Payment Services Directive ...

Application programming interfaces (API), open banking and banking as a service (BaaS) are making banking easier than ever, and the old ways of controlling finances and doing business are becoming ...

This article is the second in a two-part series. Part one explored major pressures banks face as API-driven, open banking ecosystems emerge across global markets. Part two will explore the best ...

The global bank is getting ahead of new regulations by building and publishing APIs and launching a new consumer app to start leveraging the technology As open banking comes into force at the ...

Open banking is an important driver of the fintech revolution. Regulators have recognised open banking as a means of introducing competition and innovation in the banking sector. Likewise, fintechs ...

At this point in your life as a consumer, you’re accustomed to having less privacy than you used to. Technology in financial products makes your life easier in myriad ways, but also far less private.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Doretha Clemons, Ph.D., MBA, PMP, has been a ...