Truist Financial Corporation announced the launch of its first open‑banking integration on February 12, 2026. The new API‑based platform, built on Mastercard’s open‑finance technology, gives consumer and small‑business clients tokenized, password‑less access to their financial data and enables them to connect directly to trusted fintech applications for personalized financial management.
The platform’s design emphasizes security and convenience. “Open banking digitally empowers Truist clients and small business owners with secure, personalized experiences and a more holistic view of their financial lives,” said Sherry Graziano, Truist’s Head of Digital, Client Experience and Marketing. She added, “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’s launch comes as the bank seeks to offset a Q4 2025 earnings miss. The company reported diluted earnings per share of $1.00 versus an expectation of $1.09 and revenue of $5.25 billion versus an expectation of $5.30 billion. CFO Mike Maguire noted that the net interest margin is expected to be slightly lower in Q1 2026 than in Q4 2025, but should rise over the year. The new platform is part of a broader digital strategy that also includes an AI‑enabled receivables platform and aims to attract younger, tech‑savvy customers while increasing fee income.
Mastercard’s involvement extends the payment network’s role beyond card transactions. “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 Bart Willaert, Executive Vice President of Open Finance for the Americas at Mastercard. He added, “With our shared values of trust and security, we are delighted to offer the clients and small businesses Truist serves seamless…”
The launch occurs amid a competitive open‑banking landscape and Mastercard’s ongoing interchange‑fee dispute. Truist’s total assets stood at $548 billion as of December 31, 2025, and the new platform positions the bank to strengthen its competitive stance in the regional market, deepen relationships, and potentially generate new fee revenue as part of its digital transformation agenda.
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