Top
image credit: Adobe Stock

Open Finance Association Launched to Drive Open Finance Across Europe

September 23, 2022

Category:

Members include: Armalytix, Crezco, finAPI, GoCardless, Nuapay, Ordo, Plaid, Token, TrueLayer, Volt.io, Worldline, Worldpay, Yapily.

With the introduction of legislation in 2016 (the Payment Services Directive [PSD2]) consumers and businesses were given the right, for the first time, to access their payment accounts via trusted third party providers (open banking).

Open finance is the next step in the evolution of open banking. By bringing the benefits of open banking to a broader array of financial products, open finance will give consumers and businesses greater control and visibility of their economic lives.

Read More on The Fintech Times