Remove Government Payments Remove Payment APIs and Integration Remove Payment Initiation
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How revamping Open Banking’s economic model will drive greater collaboration and innovation

Open Banking Excellence

JROC will also help focus attention on the economics of Open Banking by introducing the idea of premium APIs, he says. “A One area where the industry is already seeing innovation is with Variable Recurring Payments (VRP) and the upcoming commercial pilot for low risk use cases for financial services, utilities and government payments.

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Embedded Finance and Open Banking Take Center Stage at Seamless KSA

The Fintech Times

Payment initiation and account aggregation were frequently discussed, showing their potential to impact financial services. Interestingly, it appears that although Saudi banks were initially cautious about open banking, many are now recognising it as a valuable opportunity for growth.

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B2B Not A Vital Part Of Real-Time Payments Innovation, Yet

PYMNTS

Faster payments schemes across the globe are placing new definitions on what it means to be fast, especially as more initiatives heard towards real-time transacting. In the three years since FIS began this annual report, the number of real-time payments programs more than doubled, researchers noted.