The stage is set for a revolutionary leap in the banking sector as the industry gears up for the introduction of PSD3. With the transformative effect of PSD2 already in play, reshaping the financial landscape through strengthened collaboration and a focus on security and customer convenience,
Open banking is heralding a new era of financial management, offering consumers unprecedented control over their financial data. This transformation is being propelled forward by the Consumer Financial Protection Bureau’s (CFPB) Rule 1033, a directive that promises to enhance consumer agency and c
Standard Chartered is taking a significant leap in digital banking by launching its Open Banking Marketplace. This innovative platform provides over 100 API products to industries like manufacturing, fintech, and e-commerce across 33 international markets. The marketplace originated from the
The financial sector is on the brink of a pivotal shift, thanks in part to the rise of open banking and artificial intelligence. Mastercard’s Jess Turner, who heads Global Open Banking and API, contributed to a Forbes article outlining a future where these technologies open up a wealth of p
The UK's financial sector is proactively enhancing consumer protection in the dynamic open banking sector. Open Banking Limited (OBL), the entity in charge of this tech-driven banking sphere, is set to receive a significant £10 million boost. This investment aims to strengthen OBL’s ca
The Consumer Financial Protection Bureau (CFPB) is guiding the evolution of open banking regulations. By setting a deadline for the Personal Financial Data Rights rule by fall 2024, the CFPB plans to give consumers greater control over their financial data. This initiative is a key component in the
