Posts Tagged: FinTech

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

CGAP’s Open APIs Program: Revolutionizing Financial Inclusion in Developing Regions

Since 1995, the Consultative Group to Assist the Poor (CGAP) has made poverty reduction its core mission. Comprised of 30 development organizations, leaders recently unveiled an ambitious new program. That effort focuses on lifting underserved groups out of poverty. 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