Emerging payments rails that are often rivals to legacy systems such as the interchange, and that facilitate integration between banking and payments apps offered by many different providers.
This is a Linkedin post describing how PayPal, card companies, and banks interact with each other in the emerging open banking ecosystem.
HOW DO PAYPAL, VISA, BANKS, AND OPEN BANKING INTERACT WITH EACH OTHER Read More »
In this white paper, TINK (a Visa company) explains how PSD3/PSR is a welcome addition to the development of open banking in Europe. PSR should address standardization issues and past problems with APIs. The requirements should be passed before the summer of 2024 with enforcement happening by the end of 2025.
EUROPEAN COMMISSION INTRODUCES PSD3/PSR TO ADVANCE OPEN BANKING Read More »
A slide with a graphic representation of the state of development of various open insurance portals by leading brands.
INNOPAY OPEN INSURANCE MONITOR (OMI) – DEVELOPER PORTAL BENCHMARK 2023 Read More »
A brief description by INNOPAY of the relationship between open banking and another financial service like open insurance. The authors suggest that mandated openness will soon change otherwise slow developments.
In this short video from Nordigen, a provider of apis that power open banking, iPSD2 regulations, that require all banks to provide an API to give users access to their banking so that data. Developers can build third party apps using the bank APIs to create a seamless connection to a customer’s banking data.
WHAT IS OPEN BANKING? Read More »