The State Bank of Pakistan (SBP) has opened applications and announced the themes for the first cohort of a new regulatory sandbox. Sandboxes are (virtual) spaces for projects to experiment with new technology, under relaxed regulatory conditions, while providing regulators with insights to adapt existing rules or create new frameworks to accommodate such innovations. SBP’s […]|
AI-ready API management company Tyk has announced the appointment ofthree new senior leaders, as it strengthens its support for banks in the US financial sector.| Tyk API Management
The fintech ceases consumer-account aggregation of Hong Kong banks, but it’s a different story for SMEs.| Digital Finance
A district court judge this week has denied allowing four groups — the American Fintech Council, Financial Data and Technology Association, Financial Health Network and Public Citizen — to file legal briefs in support of a rule on financial data rights.| American Banker
CCAF's new report explores how open banking and open finance advance across 16 APAC jurisdictions, highlighting regional trends and regulatory approaches.| Cambridge Judge Business School
The Central Bank of Nigeria (CBN) has warned Nigerian banks and fintechs to be wary of cybersecurity risks as they move| Nairametrics
The Financial Technology Association will now defend the Consumer Financial Protection Bureau's open banking rule after the Trump administration sided with banks that sued the agency.| American Banker
The point is: Open Finance makes financial services smarter, more personalised, and a lot more useful.| Open Banking Nigeria
There are different types of ecosystems: Imagine a tropical rainforest on one side of the spectrum and a structured English garden on the other. In one, you design and enforce rules – resulting in a predictable but also more constrained The post Open Banking Ecosystems: How they emerge appeared first on API-University.| API-University
Open Insurance has the advantage of having an older brother, Open Banking, which has ventured out before with similar aspirations and goals. There is a rich set of experiences from various Open Banking initiatives and especially from implementing banks around The post What Open Insurance can learn from Open Banking appeared first on API-University.| API-University
Open Banking and Banking-as-a-Service are terms used for APIs in the financial space. But do they mean the same – can they be used interchangeably? Does a bank automatically offer Banking-as-a-Service when it offers Open Banking APIs? How big is The post Open Banking vs Banking-as-a-Service: How do they differ? appeared first on API-University.| API-University
While banks are busy figuring out how to best implement and leverage Open Banking around the world, we will look ahead at what’s next for banks and financial services. Current Open Banking and API initiatives focus on un-bundling financial services, The post APIs & the big re-bundling in Financial Services (Banking-as-a-Service – BaaS) appeared first on API-University.| API-University
And they want the central bank to mandate data sharing. But you can’t always get what you want.| Digital Finance
This paper explains the FAPI WG recommendations related to OAuth2 Grant Management and Rich Authorization Requests (RAR) to enable fine-grained authorization.| OpenID Foundation - Helping people assert their identity wherever they choose
At the center of the open banking shift is the API standard, which dictates how institutions should share data in a structured and secure way.| Open Banking Nigeria
Unnax’s Open Banking solutions enhance cashback programs with real-time transactional data, automated reward allocation and enhace UX| unnax
We explore the implications of the US entering the open banking ecosystem and why safeguarding consumer identity should be a priority.| ProofID
APIs drive innovation in the finance sector, streamlining payments and investments and informing anti-money laundering and credit scoring.| Nordic APIs
At the heart of every open banking system, customer consent isn’t just a technicality. It’s the cornerstone of the entire system. Open banking depends on customers authorizing their banks to share their financial data with third-party providers like fintechs and other banks. APIs facilitate this data sharing, which must happen programmatically and, most importantly, with the customer’s informed consent.| Open Banking Nigeria
Open Banking and Artificial Intelligence are more connected than might be guessed at the surface. Startups, Prosaic and Abound, have raised over $500 million on the premise that they can improve customer outcomes by combining these technologies.| Open Banking Nigeria
Owing to the increase in open banking adoption rate, many companies are applying for the UK Open Banking AIS and PIS licenses.| Penser
There are more than 300 Open Banking related fintech companies in the UK. How does a service-providers ensure continued growth and success?| Penser
Open banking is the new financial frontier. Everyone’s talking about it, but few truly understand the goldmine it represents. How does open banking work, you ask?| Open Banking Nigeria
Open banking has revolutionized the financial services industry by promoting transparency, competition, and innovation. At the heart of this transformation lies the efficient flow of data and services through Application Programming Interfaces (APIs). | Open Banking Nigeria
Adopters of open banking can more effectively harden their security stance against future attacks, protect their data and customers with| ABA Banking Journal
Trying to wrap your head around the difference between Open Banking and Open Finance, embedded banking or wondering what BaaS even is? This guide is for you.| unnax
The OpenID Foundation recommends that the CFPB mandate a standardized Communications Protocol for US open banking. It highlights key security and market risks.| OpenID Foundation - Helping people assert their identity wherever they choose
As the CBN has recently approved the operational guidelines for Open banking in Nigeria, Financial Institutions, and Fintechs require direction on their roles in this new digital ecosystem. Earlier this month, we indicated a tentative order of events that the CBN might follow in rolling out Open Banking operationally. As we await technical implementation guidance, this article aims to present Nigerian Fintech’s roles in the Open Banking Ecosystem. | Open Banking Nigeria