The Payments Association

MARCH 18, 2025

From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important?

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Fintech Finance

MARCH 30, 2025

From today, the banks that are part of the local solutions will start to adhere to the interconnection gradually. It is expected that all participant banks, from Italy, Portugal, Spain and Andorra, will be connected by June. Users can expect the same confidence and security as they have currently.

Instant Payments 52

Instant Payments Cross-Border Cross-Border Payments Payments 52

PYMNTS

MAY 2, 2018

Similarly, Fiserv is hoping to help its FI customers comply with both new regulations with its new API solution, FinKit for Open Banking. That’s why cloud-based payments utility Modo is working to make integration a non-factor. The old stuff can stay old, the new stuff can say new,” he said. “The

Interoperability 64

Interoperability API Payment APIs and Integration B2B 64

Fintech News

JUNE 12, 2024

The Bank for International Settlements (BIS) Innovation Hub ‘s Point Zero Forum 2023 roundtable brought together key stakeholders and leaders from both the public and private sectors to discuss opportunities and challenges in cross-border payments.

Cross-Border Payments 122

Cross-Border Payments Cross-Border Interoperability Payments 122

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

DECEMBER 30, 2019

The Reserve Bank of India (RBI) has made some payment moves to boost the National Electronic Toll Collection (NETC) in the country, according to the Business Standard. . The bank is going to allow non-bank prepaid payments (PPIs) and Unified Payments Interface (UPI) to link to FASTags, which is used to pay for things like tolls and parking.

Non-Bank 52

Non-Bank Payments Interoperability ATM 52

Fintech Finance

JULY 16, 2024

The Financial Stability Board (FSB) published today, for public consultation, its proposed recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers.

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Cross-Border Payments Cross-Border Consulting Regulations 98

Fintech News

MAY 27, 2024

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. It was a contactless payment on POS using a card issued by Eurasian Bank JSC on the Way4 digital payments software system. The country stands out in this regard.

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CBDC Transactions Payment APIs and Integration Cross-Border 131

The Fintech Times

MAY 12, 2025

As national payment infrastructures become more interoperable and networked on a regional, and soon global, scale, stablecoins may start to lose their perceived ‘indisputable’ advantages in the cross-border sector. Cue interoperable national payment schemes. Stablecoins have not. At least, not yet.

Stablecoins 45

Stablecoins Interoperability Cross-Border Cross-Border Payments 45

The Payments Association

JUNE 3, 2025

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

CBDC 88

CBDC Cross-Border Central Bank Cross-Border Payments 88

Fintech News

SEPTEMBER 17, 2024

UPI is a real-time payment system developed by the National Payments Corporation of India (NPCI) that enables instant money transfers between two bank accounts through a mobile platform. These guidelines enable non-bank entities to enter the payment aggregation business and expand their scope to include the import of services.

Digital Payments 109

Digital Payments Credit Cards Online and Mobile Banking Payments 109

Fintech Review

MAY 4, 2025

This guide covers the top 100 fintech tools across key categories including banking APIs, billing, KYC/AML, FX, crypto tools, and open banking. Banking-as-a-Service & Embedded Banking APIs Let’s start the top 100 fintech tools and platforms with embedded finance. Here are the top players: 1.

Payment APIs and Integration 76

Payment APIs and Integration FinTech Multi-Currency Embedded Finance 76

Fintech News

JANUARY 10, 2024

From breakthroughs in digital banking to advancements in blockchain technology, we explore the cutting-edge developments that are not only revolutionising the way financial services are delivered in Singapore but also setting benchmarks for the global fintech landscape. billion in 2024 to US$63.18

Cross-Border 117

Cross-Border FinTech Cross-Border Payments Embedded Finance 117

Fintech Finance

SEPTEMBER 27, 2024

This involves enhancing accessibility, affordability, connectivity with domestic and international payment networks in the times to come and ensuring interoperability. Through strategic collaborations with foreign central banks and governments, NIPL is committed to advancing India’s digital public goods across the globe.

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

Fintech News

JULY 17, 2024

The far-reaching study encompasses both crypto-native and non-crypto native methods, as well as strategies for prevention. The HKMA concluded that the bank failed to continuously monitor business relationships, conduct enhanced due diligence in high-risk situations for a period, and maintain proper records for some customers.

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

Fintech Finance

FEBRUARY 6, 2024

Once this card payment central infrastructure is established as a part of NPS-NCS, banks and financial institutions in Nepal will be able to provide domestic NEPALPAY cards to their customers which will help increase acceptance, implement data localization and reduce transaction charges.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech Finance

JULY 10, 2024

AFFIN Group (“AFFIN” or “the Group”) today announced a partnership with ACI Worldwide , a global leader in mission-critical, real-time payments software, to modernise the Bank’s real-time payment capabilities. It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards.

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ISO 20022 Real Time Payments ISOs Payments 98

PYMNTS

SEPTEMBER 25, 2019

Today in the payments news roundup, SWIFT and Microsoft have teamed with Bank of New York Mellon (BNY Mellon) to finalize the pilot of the Cloud Connect payments solution. Also, Amazon and top technology companies have unveiled the Voice Interoperability Initiative, and Mastercard is joining Pay.UK’s Request to Pay bill pay service.

Interoperability 43

Interoperability SWIFT Visa Payments 43

PYMNTS

DECEMBER 10, 2019

But when transactions occur across borders, new friction points emerge, particularly around the areas of interoperability, transparency and compliance. The Interoperability Challenge — And Opportunity. s Faster Payments.

Cross-Border 52

Cross-Border B2B Cross-Border Payments Interoperability 52

PYMNTS

AUGUST 10, 2020

Waiting for the Fed — and its promise of interoperability, which requires participation from the private sector — is akin to playing the (very) long game. Waterhouse said that in terms of TCH’s own initiatives in getting banks on board the ongoing effort to make RTP ubiquitous across the entirety of the U.S.

Real Time Payments 138

Real Time Payments RTP TCH Federal Reserve 138

PYMNTS

SEPTEMBER 27, 2019

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. Competition and Interoperability. To achieve the goal of ubiquity in a multiple network model, these systems must connect … they must be interoperable.”. payments ecosystem.

Real Time Payments 69

Real Time Payments Fed Federal Reserve FedNow 69

The Fintech Times

MAY 17, 2024

There is a global desire to find commonality, interoperability and simplicity for online payments. Pay by Bank Non-card payments don’t deliver the same experience, security and protections as card-based payments. With pay by bank, the payments provider is digitising the account-to-account (A2A) payments experience.

Product 128

Product Consumer Online and Mobile Banking RTP 128

PYMNTS

MAY 19, 2020

CCRManager , formed in 2017, will use the money from the new investors to serve corporates as well as bank and investor markets, which was the initial goal. He said companies will be able to utilize interoperability with other companies utilizing the company’s services.

Finance 69

Finance Due Diligence Non-Bank Cross-Border 69

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. Figure Pay, he said, is not built on traditional banking structures but “is a blockchain rail and a digital wallet that we think is infinitely more cost-efficient.”.

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

The Payments Association

MAY 3, 2025

What matters is delivering whats critical to the customerwhether thats speed, interoperability, or something else entirely. But open banking has struggled due to inconsistent API access from incumbent banks. Guy Noble, CEO of Guavapay, supported the potential of blockchain but urged the industry not to lose sight of user needs.

Payment APIs and Integration 88

Payment APIs and Integration Cross-Border Embedded Finance Payments 88

Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. By 2028, real-time payment spending is expected to overtake both non-real-time electronic payments and paper-based payments.

APACS 109

APACS Regulations Caps Real Time Payments 109

PYMNTS

SEPTEMBER 11, 2017

It’s not fair, said FI.SPAN CEO and Co-Founder Lisa Shields, that Bill.com and AvidXchange get to have all the business payments fun — and there’s no reason why banks shouldn’t get to participate. Banks don’t ask for APIs, said Shields. It becomes a technological project for both the bank and for the customer.

API 76

API Interoperability Non-Bank Accounts 76

Finovate

MARCH 7, 2025

As a proliferation of payment options promises to streamline banking and commerce, regulators, fintechs, and financial services companies are looking for ways to make sure that the challenges to these new payment optionsfrom technical complexity to new forms of fraud and financial crimeare met. And then trust.

Payments 52

Payments Push-to-Card Online and Mobile Banking P2P 52

Fintech News

MAY 19, 2024

Data monetization in the banking sector has become increasingly prevalent in recent years, driven by evolving customer expectations, new data sharing rules and opportunities for new revenue streams. Data monetization refers to the process of using data to obtain quantifiable economic benefit. This enhances the overall customer experience.

Rules 109

Rules Non-Bank Audit Central Bank 109

The Payments Association

MARCH 19, 2025

Optimus Prime,Transformers(2007) In the epic battle for the future of banking, financial institutions stand at a crossroads, much like the Autobots facing the Decepticons. Legacy core banking systems, monolithic and rigid, are the relics of a bygone erastable yet inflexible, like ancient Cybertronian relics buried beneath rust and time.

Non-Bank 88

Non-Bank Regulatory Compliance AI Risk 88

The Fintech Times

MAY 30, 2025

Simply put, knowledge, says sgeir skarsson , managing director of BSV Association , non-profit organisation, acting as the open-source governing body and global steward of the BSV Blockchain. A lack of interoperability leads to a fragmented user experience, and if rushed to market, an increased risk of bugs and vulnerabilities.

Blockchain 45

Blockchain AI Use Case Cryptocurrency 45

PYMNTS

MAY 20, 2019

But they can’t because non-interoperable data silos are preventing them. The issue that should be taking center stage is interoperability and how it “empowers [the consumer] to do things [they] could never have before.”. Interoperability is the raison d’etre of Solid, Berners-Lee’s effort to create V.2

Interoperability 79

Interoperability Consumer Non-Bank End User 79

Stax

JANUARY 28, 2025

The original sensitive data is still secured and hidden in an external data bank. Payment verification by the issuing bank means the customers bank will check whether the customer has sufficient funds to complete the transaction.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

The Fintech Times

APRIL 11, 2024

This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. “The modularity, interoperability and seamless integration of BaaS have also proven to be powerful drivers of innovation in sectors beyond banking. .

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

PYMNTS

FEBRUARY 3, 2020

In today’s top payments news, Mastercard’s CEO speaks out against a national payments system, the FCA tells credit card companies to be reasonable with customers in debt and the People’s Bank of China is prepared to inject $173 billion into the country to stabilize the economic damage wreaked by the coronavirus.

Push-to-Card 56

Push-to-Card Payer Credit Cards Visa 56

PYMNTS

APRIL 8, 2020

The program is an “interoperable, single API” solution and will help financial institutions (FIs) and lenders easily verify accounts and identities to start getting the loans out. GIACT’s program, according to an emailed press release, will aid with quickening the process of getting the loans where they need to go.

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Correspondent Bank Authentication Correspondent Interoperability 56

PYMNTS

MARCH 4, 2017

And as traditional financial institutions (FI) begin to view the value of collaborating with FinTechs, these banks can similarly shake their reputation for being innovation laggards and promote B2B payments progress while they’re at it. . How can banks stay competitive while still cooperating with FinTechs? But there are issues abound.

API 78

API Payment APIs and Integration Innovation Privacy 78