Banks and credit unions are taking a new look at the role their core systems play in delivering products and services to customers.
Topics: Innovation, Fintech, Vendor management, Core Platforms, Cloud
Open banking gives third-party financial service providers open access to consumer banking, transactions, and other financial data through application programming interfaces (APIs). It allows for the networking of accounts and data across institutions for use by consumers, FIs, and third-party service providers, according to Investopedia.
Topics: Open Banking, Digital Banking, Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Embedded Finance, Embedded Fintech