Open Banking Excellence

JULY 8, 2025

One data aggregator said: “We have thousands of clients that have a wide breadth of size and purpose. They range from some of the largest banks in the U.S. to a small midwestern community bank. This requirement might put pressure on smaller banks to implement open banking solutions.

Regulations

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

Credit Union

PYMNTS

JULY 24, 2019

Stephen Lynch of Massachusetts pointed to the fact as many as 740 branches of the banks are within two miles of one another — and he raised concerns about branch closings and job losses. Community banks and credit unions are likely to go out of business, he said, “and they do not have the money to launch these mobile banking platforms.”

Credit Union

PYMNTS

JULY 1, 2020

This week’s look at the latest open banking and bank-FinTech collaborative initiatives reveals financial services firms continue to focus on elevated functionality, with data security seemingly more of a background priority. Amex Joins Revolut’s Open Banking Platform. Arvest Bank Taps Finzly Platform.

FinTech

PYMNTS

JANUARY 14, 2020

Average deposits in the consumer and community banking segment were up 5 percent. Piepszak maintained that customers’ data security and privacy remain of the “utmost importance,” and added that “we think over time the best way to do that as securely as we can is to have third-party apps only access data through our APIs.”

Transactions

PYMNTS

JANUARY 14, 2020

Average deposits in the consumer and community banking segment were up 5 percent. Piepszak maintained that customers’ data security and privacy remain of the “utmost importance,” and added that “we think over time the best way to do that as securely as we can is to have third-party apps only access data through our APIs.”

Transactions

Evolve Payment

MARCH 21, 2024

Issuing Banks & Acquiring Banks When your customer uses their credit card to pay you, two banks get involved: the issuing bank and the acquiring bank. These banks range in size from large international institutions to local community banks.

Process