Posts Tagged: banking

6 Reasons for Banks to Embrace Open Banking

Open banking is an initiative that allows third-party financial services companies to access users’ banking data through the use of APIs. The primary goal of open banking is to put power back into the hands of customers, enabling them to securely use third-party financial products and services that rely on banking data or functionality. Read more

Bring on the Players: Who Wins in Open Banking?

It’s fair to say that the current noise around Open Banking is almost deafening. We constantly hear about the potential of this new market — driven by APIs — to change financial services by increasing consumer choice, crushing incumbent banks, or making a barrel of cash for a cool startup. Read more

Speaker Interview: Tomas Prochazka, Tink

We feature Tomas Prochazka of Tink, a speaker at the upcoming 2018 Platform Summit.

Tomas Prochazka is Head of Product at Tink, a Swedish FinTech company that is democratizing the access to financial data for both retail banks and smaller companies as part of a global open banking movement. Read more

How Banks Are Becoming Uberized

You’ve probably heard the “banks are becoming tech companies” sentiment. It’s an idea that’s been around for years, and it captures what seems like an evolution in the way we consume and use everything from food to money. As consumers, we want options at our fingertips, and perhaps it’s this forcing banks across the world to open up their services with APIs and microservices, and ultimately turning them into tech companies. Read more

The Promise of Open Banking: A Nordea Case Study

There’s a particularly apparent trend in today’s economy: we’re moving away from big, centralized systems towards collaborative, access-based ones. It’s changed the way we shop with websites like eBay, the way we travel with apps like Uber, and the way we get a good night’s rest with portals like Airbnb. Read more