Truist Financial Introduces a Revolutionary Open Banking Experience for Customers

Truist Financial Debuts Its Open Banking Platform

In an era where digital banking is at the forefront of financial innovation, Truist Financial Corporation has become a trailblazer with the introduction of its first open banking integration. Announced on February 12, 2026, this groundbreaking platform connects directly to Mastercard's open finance technology, promising to revolutionize how customers interact with their financial data.

Empowering Clients

The new API-based platform is designed to provide both consumer and small business clients of Truist with a secure and centralized access point to their financial information. By doing so, it opens the door to enhanced transparency, personalization, and control over financial data in an ever-expanding ecosystem of trusted fintech applications.

Clients can now enjoy the freedom of connecting seamlessly to the apps they prefer through direct integrations with Mastercard’s impressive open finance platform. This user-friendly experience allows clients tokenized access, meaning they can manage which applications are authorized to view their financial data for specific purposes—importantly, without the need to share sensitive usernames or passwords.

Enhancing Financial Lives

Sherry Graziano, Truist's Head of Digital, Client Experience, and Marketing, emphasized the platform's significance: "Open banking digitally empowers Truist clients and small business owners, offering them secure, personalized experiences and a more comprehensive view of their financial lives. This initiative introduces safer data sharing options, pathways for individuals with limited credit histories, and an array of payment options, all designed to enhance our clients' overall financial health."

Through this initiative, Truist seeks to deliver robust solutions that cater to the diverse needs of its clientele, ensuring that everyone—from tech-savvy individuals to small business owners—can fully harness the potential of their financial information.

Trust and Security Through Partnership

Truist's partnership with Mastercard plays a pivotal role in ensuring that clients have access to smooth and secure data-driven experiences. Bart Willaert, Executive Vice President of Open Finance at Mastercard, shared his perspective on the collaboration: "Secure, convenient financial experiences are game-changers—but trust is the critical ingredient for clients and businesses to tap into their full potential. We're delighted to enable seamless connections for Truist's clients, enhancing their open banking experience."

This powerful collaboration underscores the shared mission of both Truist and Mastercard: to prioritize trust and security while unlocking opportunities that were previously inaccessible.

About Truist Financial

Based in Charlotte, North Carolina, Truist Financial Corporation is a purpose-driven financial services company dedicated to inspiring better lives and communities. The organization has established a strong market presence in high-growth sectors across the U.S., offering a wide array of financial products and services including banking for consumers and small businesses, commercial and corporate banking, investment banking, and wealth management. As of December 31, 2025, Truist boasted total assets of $548 billion, making it a top-10 commercial bank in the United States.

About Mastercard

Mastercard is a global leader in powering economies and empowering individuals across 200+ countries and territories. Committed to promoting a resilient economic environment, Mastercard offers a variety of digital payment choices, ensuring transactions are secure, simple, and accessible to all. Their innovations and technological advancements play a crucial role in enabling businesses and governments to realize their full potential, furthering a global landscape of economic opportunity.

In summary, Truist's foray into open banking represents not just a technological advancement, but a commitment to enhancing the financial wellbeing of its clients through secure and user-friendly solutions. As open banking continues to grow, platforms like Truist’s will lead the way in shaping the future of finance.