Quick summary of Open Banking and the four main elements for organizational success.
10 Trends That Shaped Banking In 2019 – A Look Back Before Looking Forward (Alan McIntyre, forbes.com)
For the last couple of years, I’ve started each year with a Top 10 list that attempts to predict what some of the key trends and issues will be in retail and commercial banking. I’ll do that again in January for 2020, but before the calendar turns, I wanted to look back and see how my […]
Fintech and Traditional Bank Collaborations and Open Banking Are Becoming More Prevalent Globally (Omar Faridi, CrowdFundInsider.com)
Traditional bank and Fintech collaboration and Open Banking are becoming quite common for financial institutions throughout the world that are planning to update their product offerings for small and medium-sized businesses (SMBs). India-based private lending institution SBM Bank recently teamed up with PayNearby to introduce various Open Banking solutions for each others’ clients. SMB Bank and PayNearby have committed […]
PNC’s fight with Venmo highlights bigger issue over who owns your banking data (Kate Rooney, cnbc.com)
KEY POINTS In the past few months, PNC customers have taken to Twitter to complain about issues connecting to the popular peer-to-peer payments app, owned by PayPal. Venmo shot back, suggesting users should tweet @PNCBank to “let me use the financial service apps I need!” The tension underlines the larger debate over open banking laws and […]