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.

The financial services industry is undergoing a seismic shift, driven by Open Banking — a movement that promotes customer-centric banking through APIs. By enabling secure data sharing and seamless ...

Canada’s Finance Ministry has been holding discussions with stakeholders for several years about introducing open banking, which uses secure application programming interfaces (APIs) to share ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The partnership marks a significant step, combining Ozone API’s leading ...

Banks can face security risks when customers share their financial data using third parties. Citizens Bank built a tool designed to let clients securely and efficiently share data. This article is ...

The Trump administration is doing away with a regulation designed to promote data sharing between banks and third parties. But for Citizens, the move isn't hindering its bullishness on the broader ...

As digital payment technologies continue to advance, pay by bank and open banking are transforming the global financial landscape. These innovations are reshaping how businesses and consumers transact ...

The CFPB’s personal financial data-rights rule provides a legal framework to dramatically expand open banking in the United States and spur a host of innovative products. But first, the rule must ...