NEW PAYMENTS ECOSYSTEM
Open Payments Platforms in the New Payments Ecosystem
APIs and the Rise of Open Banking
Fast, Open, Secure and Disruptive.
New regulations mandate an open banking ecosystem where financial data is shared through third-party APIs.
Building a truly open payments platform puts you ahead of the competition when it comes to generating new revenue streams as digital payments explode.
Reshaping the Payments Landscape
The Emerging Market Opportunity
Open APIs in Commercial Banking
The Art of Open Banking
Payments Meet the Open Banking Platform
What is Open Banking?
Open banking is a standard established by European regulators and the UK government, instructing banks on how to deal with their customers’ financial information.
It is an open source API that provides access to third-party developers and applications. It allows software developers to link one discreet software application to another, enabling the two to communicate and interact to develop new functions, capabilities and aggregate accounts.
Watch the Video: Break Down Walls with Open Payments and Open Partnerships
Learning To Thrive With An Open Payments Platform
The industry is marching ahead with new open banking models and open regulatory environments such as the European Union’s PSD2 framework and open API initiatives. Open Banking has become a movement in payments that’s stimulating competition, innovation and collaboration among all kinds of providers.
In a new open payments report, ACI and First Annapolis answer:
- What are the key pillars of payments ‘Openness’?
- How will PSD2 and Open API’s impact my organization?
- How can I use Open API’s to better meet customer needs?
Open Trends and Industry Influence
Of FinTechs ranks open APIs as an opportunity for growth
Open APIs Ranked the #1most important trend in UK finance
Of banks believe APIs to be a top opportunity for partnerships