When Regions Bank announced its partnership with Axway in early 2025, it wasn’t just another tech update—it was a big step forward for banking in the U.S. By choosing Axway’s Amplify Open Banking platform, Regions Bank wants to change how people handle and share their financial data. The goal is to move away from old methods like screen scraping and replace them with safer, more reliable, and easier-to-control options.
Right now, many customers use third-party apps that rely on screen scraping. This process works, but it comes with major risks because it often requires sharing usernames and passwords with outside apps. Regions saw that customers deserve something better. That’s why with Amplify, people will use secure APIs to share their financial data. This means customers stay in charge—they can approve or stop sharing whenever they want, without handing over login details to anyone else.
With this move, Regions Bank Axway Open Banking is set to give customers more trust, stronger security, and greater control over their money and personal data.
Tim Mills, Emerging and Digital Payments Group Manager at Regions Bank, explained it clearly:
“As customers continue to grant access to their financial data to third-party applications, this new solution will help capture customer consent, remove the need for credential sharing to third parties, and provide another layer of security to protect customer data. Open banking is the future, and we are pleased to work with Axway to make banking easy for customers who turn to Regions time and again for their banking needs.”
(Source: Regions)
What makes this move stand out is that it’s not only built for everyday customers—it also supports business banking. With Amplify’s Marketplace, companies can securely connect Regions’ financial data with fintech apps and partners through easy-to-use APIs. This means smoother, safer, and more flexible tools for managing both personal and corporate finances.
From Axway’s side, this partnership shows exactly what Amplify is meant to deliver. Tom Hogan, VP for Financial Services and Open Banking at Axway, explained:
“We are excited to extend our work with Regions to help provide secure, standardized access to data. This allows their customers to benefit more from the expanding ecosystem of next generation fintechs and third-party data providers.”
(Source: Regions)
The impact of this move is huge. Regions isn’t just keeping up with new rules like the CFPB’s 1033 regulation—which says banks must support open banking by April 2027—it’s showing how banks can actually build stronger trust with customers by being open and clear from the start.
The rollout is also customer-friendly. People who use third-party apps will simply get a one-time reminder to reauthorize access, and Regions will back this up with helpful guides on its website and mobile app. This makes the change smoother and less stressful, while showing customers that the bank is thinking ahead.
Most importantly, the partnership proves that Regions understands the future of banking is not about holding everything inside the bank. It’s about creating a system where customers decide who they share their data with and how. With regions bank axway open banking, people don’t have to give away their passwords, they can stop sharing whenever they want, and both personal and business users get solutions that fit their needs. This is more than just new tech—it’s a clear step toward putting customers first in the digital age.
Mariam holds an MS in Sociology and brings a sharp, people-centered perspective to her writing. She contributes to multiple websites, covering business, current news, and trending topics with insight and creativity that connects with readers.
