Rather than viewing the development of APIs as a regulatory cost burden, banks should strive to realise the considerable monetisation opportunites afforded by the trend, according to a new report from the Mobey Forum's Open Banking Expert Group.
French payments giant Worldline is boosting its presence in Italy through the acquisition of Banco Desio’s merchant acquiring activities for around EUR100 million.
NatWest has released three new APIs to support corporate, commercial, and institutional customer demand for real time payments and automated reconciliation, including BACs payments.
The Spanish banking sector has set up a working group and proof-of-concept to assess the impact of the implementation of a digital euro by the European Central Bank.
Cryptocurrency exchange FTX says it has started the process of for Chapter 11 bankruptcy in the US, and that founder Sam Bankman-Fried is stepping down as CEO.
The Monetary Authority of Singapore and the Federal Reserve Bank of New York are teaming up to explore the use of wholesale CBDCs for cross-border payments.
Embattled FTX is facing the suspension of its licence by the Cyprus Securities and Exchange Commission, revoking its ability to continue trading within the European Economic Area.
Digital Isle of Man (an executive branch of the Isle’s government) has announced the launch of the Fintech Innovation Challenge, an opportunity to engage with international stakeholders and industries in their digital ecosystem.
Saudi Arabia's central bank has published an open banking framework, setting out legislation, regulatory guidelines and technical standards.
JP Morgan is teaming up with Mastercard on a service that uses open banking to let customers make payments using their bank account information instead of a card.
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