homepageconnecttalksold postsareas
updatesinfoq&aheadlines

Visa Closes U.S. Open Banking Division to Shift Focus

August 23, 2025 - 07:35

Visa Closes U.S. Open Banking Division to Shift Focus

Visa has officially shut down its open banking operations in the United States, as reported on August 22. This decision comes as part of the company's strategic reassessment of its business priorities. Sources indicate that this move aligns with Visa's intent to concentrate on markets that promise greater growth potential.

Open banking, which allows third-party developers to access financial information from banks through APIs, has been gaining traction globally. However, Visa's exit from the U.S. market suggests challenges in achieving the desired momentum in this sector domestically. The company is now redirecting its resources and efforts toward other regions where it sees more favorable conditions for expansion.

Industry experts speculate that Visa's decision may reflect broader trends in the financial technology landscape, where competition is intensifying. As traditional financial institutions and fintech startups vie for dominance, Visa's strategic pivot may position it better for future opportunities in international markets.


MORE NEWS

Anthropic closes in on OpenAI as US business use surges

April 11, 2026 - 08:34

Anthropic closes in on OpenAI as US business use surges

A significant shift is occurring in the competitive landscape of artificial intelligence. New data indicates that Anthropic`s Claude AI models are rapidly closing the gap with industry leader...

Chief Executive Officer at Stellar Development Foundation to speak at Loebl Women Business Leaders Series, April 16

April 10, 2026 - 20:29

Chief Executive Officer at Stellar Development Foundation to speak at Loebl Women Business Leaders Series, April 16

The CEO of the Stellar Development Foundation, Denelle Dixon, is set to take center stage at the upcoming Loebl Women Business Leaders Series at Marquette University. The event, scheduled for April...

Rising costs for food, labor, credit card swipe fees threaten Texas restaurants

April 10, 2026 - 03:26

Rising costs for food, labor, credit card swipe fees threaten Texas restaurants

A stark new report reveals a deepening crisis within the Texas restaurant industry, with half of all operators failing to turn a profit last year. The financial strain is attributed to a relentless...

Manager of Michelin-starred Ever accused of embezzling over $1 million

April 9, 2026 - 03:14

Manager of Michelin-starred Ever accused of embezzling over $1 million

A former manager of the acclaimed Chicago restaurant Ever is facing serious allegations after being accused of embezzling over one million dollars from the Michelin-starred establishment. Aaron...

read all news
homepageconnecttalkssuggestionsold posts

Copyright © 2026 Jobliq.com

Founded by: Amara Acevedo

areasupdatesinfoq&aheadlines
cookiesusagedata policy