LONDON (Reuters) - Britain's competition watchdog wants a new independent banking industry body to accelerate take-up of "open banking" apps to spawn new fintech companies and offer more choice to ...

The Consumer Financial Protection Bureau added payment apps and other financial products to its final open banking rule and in keeping with its focus on innovation, provided for some secondary uses of ...

Anyone who’s ever used a digital device to pay a bill, set up a savings account or apply for a mortgage knows that we are living in the age of digital banking. But this may just be the beginning. In a ...

CFPB's open banking rule aims to boost competition Data aggregators and payment apps say rule promotes safe data transfer Banks legally challenge rule over process, data security concerns Fintech ...

setting up and managing direct debits or standing orders sending and receiving money. Many mobile banking apps also offer ...

Businesses and consumers are increasingly transitioning to cashless or cash-light transactions, driven by the growing adoption of remote and online payment solutions. According to American Bankers ...