Open source

The vice president, technology capabilities and innovation at Discover Financial Services is one of American Banker's 2024 Innovators of the Year.

Small-business owners need more help from financial services companies when it comes to making major decisions about their companies' future.

Financial institutions are contributing to open source projects and value them more than ever, a survey finds.

The U.S. banking system risks being left behind by the European Union and the United Kingdom when it comes to open banking.

Moving to an open banking system comes with both costs and benefits that each bank will need to weigh before diving in.

Banks in the U.S. should take note of these requirements before opening their systems to third-party developers.

Open banking and identity services are both still evolving to meet the needs of the new digital economy. These communities will need to connect at the hip to prevent fraud, avoid identity theft and to deter other financial crimes, like money laundering.

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.

Granting a third party access to a bank's systems in exchange for more advanced technology can help prevent fraud, but it can also attract cyberattacks.

Still trying to figure out whether to build gateways to your bank's data and systems? Here’s why you should transition.