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Banks, FinTechs Find New Open-Data Use Cases

PYMNTS

This week, Mastercard and Cardlay announced a collaboration that will see Mastercard connecting its network of European issuing banks to Cardlay’s commercial card technology, which unlocks corporate card transaction data for value-added services, including automated expense management and VAT claim processes.

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Why Corporate Banks’ Should Seize Purchase-To-Pay Data Opportunity

PYMNTS

This is particularly true in the corporate banking sphere, where FinTech innovation is accelerating, and banks are facing greater pressure to introduce products and services beyond the basics. Value-Add for Corporates. Historically, opportunities to wield this kind of data have been limited for traditional FIs.

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