Open banking stories

To truly be customer-centric, it’s time to stop talking ‘open banking’ and show consumers that it’s simply ‘smart banking’, using modern technology to deliver better financial – and social – outcomes.>>

Open banking is one step in the move towards an ‘open API economy’, in which key services are shared amongst internal departments, partners, and even public developers.>>

A new report found that competition is increasing between established retail banks and the technology and ecommerce disruptors that are offering new payment solutions.>>

FAPI is an open standard designed for banks and fintechs in Europe and around the world to build Open Banking standards for secure exchange of consumer financial information.>>

“It establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”>>

The cloud-based testing environment for APIs enables banks to accelerate compliance with Open Banking and PSD2 deadlines.>>

“Our borderless world provides unprecedented freedom and convenience, but also breeds a whole new set of cybersecurity risks and concerns.”>>

As early as July 2019, Australian banks will need to have a system in place that both benefits customers and protects their personal data. >>

Open banking is closer to reaching the New Zealand public, with a pilot project currently underway and due to wrap up by the end of the year.>>