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How did open banking come about and how does it work? (2/4)

Lars Markull

This is the second part of our four part Open Banking series written by Aaryaman and Lars. Before getting into the rise of open banking, it is important to understand the definition of the term. Like many terms in technology, open banking has become a buzzword and is unfortunately often misunderstood.

Mobile 52
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How did open banking come about and how does it work? (2/4)

Lars Markull

This is the second part of our four part Open Banking series written by Aaryaman and Lars. Before getting into the rise of open banking, it is important to understand the definition of the term. Accessing your bank account not just from the place of your choice but also the app of your choice. You can find part one here.

Mobile 52
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With PSD2 Weeks Away, Banks Realize Not All Their Problems Can Be Solved Via API

PYMNTS

With Europe just weeks away from PSD2 coming into effect, banks across the region are gearing up to get on-board with one of the regulation’s main objectives: to promote open banking and stir up competition and innovation in the financial services market. the banks weren’t having it.

Fintech 164