As the European Union launches its open banking initiatives, EU citizens are already becoming accustomed to further transparency on part of their banks. Agencies in the U.S., however, have yet to adopt such regulations, which is why open banking in the country will be driven by consumer preference. Read the full story in Bank Innovation
Visa has added Episode Six as a fintech partner in the card brand’s Fast Track Program in Asia Pacific. PaymentsSource
Visa is collaborating with four global finance firms to help FinTechs issue plastic and digital payments. Pymnts.com
Artificial intelligence (AI) is rapidly evolving across various parts of the banking and payments sectors, and digital consumers are reaping the benefits from institutions that apply this technology. Read the full story on PaymentsSource.
U.S. banks are trying to answer a key question about open banking: Can we share our data with payment companies and other fintechs without scrapping our legacy systems? The answer is yes, with an asterisk. Read the full story on PaymentsSource.