Open BankingRSS

Finxact unleashes Open Core API for sandbox playtime

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Core banking software provider Finxact has made its Open Core API available through its sandbox for fun times in innovation. The firm says its API is transparent and granular, enabling banks to have full access to their customer data. Finxact adds that it is the first core banking provider to join the Open API Initiative. […]

Top fintech stories this week – 7 July 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Banking Technology July/August 2017 issue out now

Banking Technology July/August 2017

Set sail for fintech! The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

UK watchdog reveals rules to fuel open banking

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Open Banking, the implementation entity set up by the UK’s Competition and Markets Authority (CMA), has released its accounts and transaction information and payments initiation API specifications. The payments initiation API will enable third parties to set up secure payments on behalf of customers and, once authorised by the customer, submit the payment for processing. […]

Nordea flies higher with open banking pilots


Nordea Bank has pressed the accelerator on its open banking ambitions with the launch of pilots. As reported in March, the bank released the first version of its open banking portal targeted towards external developers, as it gets ready for the second Payment Services Directive (PSD2) requirements. At the time, it invited developers to sign […]

Danske Bank launches open banking beta

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Copenhagen-based Danske Bank has unveiled its beta open banking service as it joins the fray for API-powered innovation. The bank says open banking is set to be the “most seismic shift in financial services since online banking” and it wants to tap into this market. Danske is looking to push on from its own banking […]

UK watchdog pushes hard on open banking plan

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The UK’s Competition and Markets Authority (CMA) is ramping up its efforts for open banking within the nation’s retail banking scene. As reported in February, the CMA published its 766-page final report on the retail banking market and its open banking goals. At that time, it said it will offer overdraft users the opportunity to […]

Money20/20 Europe: advancing APIs to a happy place

Money20/20 Europe 2017

The interest from the fintech community in APIs burns brighter than a thousand suns, but where will this technology and the spirit of open banking take us?

Bank to the future: five ways financial apps are changing banking

Ian McKenna,

Less than half a year from now, PSD2 will revolutionise consumers’ access to their own financial information. In fintech hubs across Europe, bright young people are planning a consumer revolution. Their financial apps and tools are helping customers manage their money far more easily than they have before. Here are five important ways in which they are changing the face of banking.

PSD2 meets ISO 20022


How will service providers and banks implement ISO 20022 in the APIs being created for PSD2?