RESTON, Va.--(BUSINESS WIRE)--The Financial Data Exchange (FDX) today reported that 16 million North American consumers are now using its FDX API for open banking and open finance data sharing. This ...

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 ...

Most people within financial services are familiar with the term open banking, the concept of allowing data to flow in a controlled fashion from one repository to another, i.e. from banks to third ...

"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 ...

TrueLayer, the London startup that’s built a developer API platform for fintechs and other adjacent companies to utilise open banking, has agreed to a strategic and commercial relationship with Visa.

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 ...

The U.S. banking system risks being left behind by the European Union and the United Kingdom when it comes to open banking. The EU and the U.K. have both passed laws that explicitly require their ...

Latvian fintech startup Nordigen is switching to a freemium model thanks to a free open banking API. Open banking was supposed to democratize access to banking information, but the company believes ...

Ozone API, the global open banking firm, recently announced a strategic partnership with Tuum, a core banking provider, to enable Tuum’s customers to comply with open banking regulations and ...

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.