"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 ...

Here’s a counter-intuitive idea -- an open source project for banking which turns the bank into a platform. Isn’t that just about the opposite of what banks want to do? Actually, Open Bank makes it ...

Many leading financial institutions across the Asia-Pacific region have been embracing application programming interfaces (APIs) to spur innovation and drive collaboration with startups and partners ...

In the new open banking world, banks are no longer just service providers but platform enablers that offer everything from payment processing to account verification through application programming ...

BERLIN--(BUSINESS WIRE)--API3 has entered into a 10-year development partnership with Open Bank Project to connect over 400 banking & open banking APIs directly to blockchains via API3’s Airnode, all ...

While a handful of U.S. banks are opening their software and data to outside applications, something much bolder is happening in Europe: governments are championing the practice, especially the U.K.

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 ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The company has successfully updated the model bank to support the ...

Provides SCB Korea with system APIs from OpenLegacy’s mainframe core banking application Extends SCB Korea’s business-critical core banking functionalities to the Internet banking service PRINCETON, N ...

While public sector banks still enjoy a huge chunk of the banking market share in the country, private banks have turned to technologies such as artificial intelligence (AI), machine learning (ML), ...