Truist launches secure open banking experience

Rhea-AI Summary

Truist (NYSE: TFC) launched its first open banking integration on February 12, 2026, connecting to Mastercard via an API-based open finance platform.

The platform gives consumer and small-business clients tokenized, centralized control over financial data, enabling secure connections to trusted fintech apps without sharing usernames or passwords.

Market Reality Check

Price: $52.07 Vol: Volume 9,932,145 vs 20-da...

normal vol

$52.07 Last Close

Volume Volume 9,932,145 vs 20-day average 11,357,882 (relative volume 0.87). normal

Technical Price 54.04 is trading above 200-day MA at 45.2, indicating a pre-news uptrend.

Peers on Argus

TFC fell 1.92% while peers were mixed: USB (-3.34%), PNC (-2.02%), NU (-2.98%) w...

TFC fell 1.92% while peers were mixed: USB (-3.34%), PNC (-2.02%), NU (-2.98%) weaker, ITUB up (0.53%), DB roughly flat (-0.08%). Scanner shows no coordinated sector momentum.

Historical Context

5 past events · Latest: Feb 03 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 03	AI receivables platform	Positive	+2.6%	Launch of AI-enabled receivables platform to automate cash application and reconciliation.
Jan 28	Conference participation	Neutral	-1.1%	Executives scheduled to speak at major UBS and BofA financial conferences.
Jan 27	Dividend declaration	Positive	+1.4%	Declaration of quarterly common and multiple preferred stock cash dividends.
Jan 21	Earnings release	Neutral	+1.8%	Release of Q4 2025 results and details for the associated earnings call.
Jan 20	Community grant program	Positive	-1.7%	Grant from Truist Foundation to launch a local retail incubator program.

Pattern Detected

Recent news — from AI platforms to dividends and community grants — has typically led to modest 1–3% price moves, with mostly aligned reactions and one notable divergence on a positive community initiative.

Recent Company History

Over the past few weeks, Truist has reported Q4 2025 results, declared common and preferred dividends, announced conference appearances, launched an AI-enabled receivables platform, and supported a local retail incubator via a foundation grant. Most items, especially earnings, dividends, and the AI platform, saw positive next-day reactions between about 1–3%, while the community grant coincided with a negative move. Today’s open banking launch continues the theme of digital innovation for consumer and small business clients.

Market Pulse Summary

This announcement highlights Truist’s push into open banking, giving consumer and small business cli...

Analysis

This announcement highlights Truist’s push into open banking, giving consumer and small business clients API-based, tokenized connections to fintech apps via Mastercard’s open finance platform. It follows other digital moves like an AI-enabled receivables solution. Investors may watch for adoption across Truist’s client base, integration breadth with third-party apps, and how this strategy interacts with the bank’s broader balance sheet, funding, and regulatory disclosures over time.

Key Terms

open banking, open finance, API-based, tokenized, +1 more

5 terms

open banking financial

"Truist Financial Corporation (NYSE: TFC) today introduced its first open banking integration"

Open banking is a system that lets customers securely share their bank account and payment information with trusted third-party apps and services, like allowing a finance app to view transactions or initiate payments on their behalf. For investors, it matters because it can reshape how financial services compete and make money—enabling new business models, faster customer acquisition, and fee or margin pressure for traditional banks, as well as creating regulatory and execution risks.

open finance financial

"connecting first to Mastercard's open finance technology."

Open finance is a system where consumers allow secure sharing of their financial data — not just bank accounts but investments, loans, insurance and payments — between licensed firms via standardized interfaces. For investors, it matters because it lowers barriers for new services, spurs competition and partnerships, and can reshape revenue and growth prospects across banks, fintechs and asset managers much like how sharing a contact list lets multiple apps offer tailored features.

API-based technical

"The API-based platform provides Truist consumer and small business clients"

API-based systems use Application Programming Interfaces (APIs) to let separate software pieces talk to each other and exchange data automatically. For investors, an API-based product or service suggests faster integration with partners, easier scaling and often recurring, platform-driven revenue—like using interchangeable Lego blocks to add new features quickly—affecting growth potential, costs and competitive reach.

tokenized technical

"This experience offers clients secure, tokenized access to manage which applications"

Tokenized means converting a real-world asset, like property, artwork, or stocks, into digital tokens stored on a computer network. This process makes it easier to buy, sell, or transfer small parts of the asset quickly and securely, much like dividing a property into many tiny pieces that can be traded individually. For investors, tokenization can increase access, liquidity, and flexibility in managing their investments.

fintech financial

"across a growing ecosystem of trusted fintech apps."

FinTech, short for financial technology, refers to new tools and software that make managing money easier and more convenient, like mobile payment apps or online banking. It matters because it helps people and businesses access financial services faster, often at lower costs, changing how we handle money in everyday life.

AI-generated analysis. Not financial advice.

New platform empowers consumer and small business clients with more control over financial data and seamless access to trusted fintech tools

CHARLOTTE, N.C., Feb. 12, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today introduced its first open banking integration, connecting first to Mastercard's open finance technology. The API-based platform provides Truist consumer and small business clients with secure, centralized access to their financial data—unlocking transparency, personalization and control across a growing ecosystem of trusted fintech apps. 

These clients can now seamlessly connect to the apps of their choice through direct connections to Mastercard's open finance platform. This experience offers clients secure, tokenized access to manage which applications can view their financial data and for what purpose, without sharing usernames or passwords. 

"Open banking digitally empowers Truist clients and small business owners with secure, personalized experiences and a more holistic view of their financial lives," said Truist Head of Digital, Client Experience and Marketing Sherry Graziano. "This platform provides more secure data sharing, new pathways for those with limited credit histories, more choices for how to pay and get paid, and better insight into overall financial health, all with the safeguards our clients expect."

Truist has selected Mastercard as its first direct API integration, ensuring that Truist clients have access to trusted and secure data-driven experiences of their choice through Mastercard's industry-leading API connectivity. 

"Secure, convenient financial experiences are a gamechanger–but trust is the critical ingredient to ensuring clients and businesses can tap into their full potential," said Executive Vice President, Open Finance, Americas at Mastercard Bart Willaert. "With our shared values of trust and security, we are delighted to offer the clients and small businesses Truist serves seamless connections to all that open banking has to offer."

About Truist 

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $548 billion as of December 31, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
www.mastercard.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-launches-secure-open-banking-experience-302685248.html

SOURCE Truist Financial Corporation

FAQ

What did Truist (TFC) announce about open banking on February 12, 2026?

Truist launched its first open banking integration, connecting directly to Mastercard's open finance platform. According to Truist, the API-based platform gives consumer and small-business clients tokenized control of financial data and secure access to trusted fintech apps without sharing passwords.

How does the new Truist (TFC) platform protect customer credentials and data?

The platform uses tokenized connections so clients don't share usernames or passwords with apps. According to Truist, tokenization centralizes permissions and lets clients manage which applications can view their financial data and for what purpose.

Which partner did Truist (TFC) choose for its first open banking integration?

Truist selected Mastercard as its first direct API integration partner for open finance. According to Truist, Mastercard's API connectivity enables trusted, industry-leading access to fintech experiences for Truist consumer and small-business clients.

Who benefits from Truist's (TFC) new open banking integration and how?

Consumer and small-business clients benefit through secure, centralized access to financial data and personalized fintech choices. According to Truist, the platform also opens pathways for those with limited credit histories and offers broader payment and financial-health insights.

Will Truist's (TFC) open banking launch change how clients connect to fintech apps?

Yes—clients can now connect directly via API-based, tokenized links instead of sharing login credentials. According to Truist, this creates a more secure, transparent experience and allows clients to control app permissions and data uses.