GoCardless and Clear Books launched open banking-powered payment solutions that can help speed up the payment process and minimize card fees.

Competition from fintechs and consumer brands is compelling leading banks and technology providers to revise their strategies. These fintechs and brands are scaling and evolving rapidly on top of banking as a service (BaaS) and open banking infrastructure. We’ve spoken with executives at financial institutions, fintechs, and vendors about how to thrive in an ecosystem that’s reshaping financial services.

Proposed open banking guidance allowing consumers to share financial data with third parties is reportedly delayed by concerns over safeguarding data.

Open banking eliminates many of A2A payments’ pain points, making them an even more attractive option for merchants.

Payments volume grew 17% YoY in Q2 despite leaving a major market. Visa is focusing growth ambitions on new tech like open banking.

Some banks want to enable Zelle at big merchants, potentially to prepare for open banking disruption.

Apple acquired UK-based open banking fintech Credit Kudos—here’s what it can do with the new tech.

Green Dot strikes open banking deal with Plaid: Green Dot’s neobank customers gain data-sharing capabilities for 6,000-plus outside apps. Are its banking as a service (BaaS) clients next?

Steve Smith talked with Insider Intelligence about how social media companies can build financial trust and what open banking can do for web3.

The tie-up with a fintech specializing in identity verification and compliance solutions helps the open-banking provider stay ahead of regulatory action that will reduce its product differentiation.

Findings from PYMNTS show a gap in businesses’ and consumers’ degree of trust in business technology. Greater transparency in how data is handled will establish the trust necessary for wider adoption of open banking.

People don’t trust fintechs with open banking: Here’s what fintechs can do to improve their image and their credibility.

JPMorgan’s digital-only bank plays in a market with strong neobanks and support for open banking. That could spur globally applicable innovation and best practices for its parent.

EU fintech and bank tech budgets rose in 2021, but evolving open banking legislation and user experience enhancements will demand further spending in 2022.

UK banks can capitalize on removal of open-banking friction: The Financial Conduct Authority’s repeal of the 90-day re-authentication mandate for users—plus an upcoming rollout of convenient repeat payments—will help banks enhance the customer experience.

Customer-friendly services—like switching current accounts and data sharing through open banking—helped almost one in three UK consumers form new banking relationships.

In 2018, in response to the growth of financial technology services, the Canadian government created an Advisory Committee on Open Banking to review the merits of open banking. In 2021, the final report of the Advisory Committee on Open Banking provided recommendations on how to modernize the Canadian financial services sector and implement a secure open banking system.

The future of banking: Our report, The Bank in 2025, discusses how heavily the future of banking will rely on sharing data through application programming interfaces (APIs) and open banking infrastructure—and consequently, on the implementation of strong privacy and security controls.

The news: Stripe launched Financial Connections, an open banking product that lets businesses set up direct connections with customers’ bank accounts to complete a range of financial processes, per a press release.