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Webinar: PSD2 and Europe’s Open Banking Mandate – Challenges for Banks and FinTechs
The adoption of the revised Payment Services Directive (PSD2) is formalising the relationship between Banks and FinTechs by establishing Open Banking, providing open access to customer account data and the payments infrastructure. This is expected to stimulate the FinTech market to develop new integrated service models for both consumer and business customers. This regulation is [...]
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The Global Payments Innovation Jury report
The Global Payments Innovation Jury report for 2017 exists because 70 senior industry executives were prepared to give their time to thinking through and setting out their views on many complex issues determining how payments innovation happens. The 70 jurors come from 37 countries across 6 continents which is the highest participation ever; all the [...]
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World Retail Banking report: Open banking demands foresight, but indicates new revenue streams
The Open Banking evolution continues to unfold. Banks risk disintermediation if they do not carefully 1) choose their customer-interaction business model role, and 2) use application programming interfaces (APIs), according to the World Retail Banking Report 2017. Banks, in collaboration with FinTechs, can lead the Open Banking movement by offering their customer bases innovative and [...]
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The role of analytics in the new open banking age
What is a bank? The definition is in flux. As the regulatory-driven Open Banking agenda powers innovation and accelerates the fragmentation of a heavily concentrated banking market, incumbent banks must act quickly to stay relevant. As customers look far and wide to satisfy their financial needs, some are questioning the need for a bank at [...]
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BBVA commercialises Open Banking APIs ahead of PSD2
Spanish bank BBVA says it is open for business with its Open Banking programme and is making eight of its APIs commercially available for the first time ahead of the new PSD2 regulation. The launch of BBVA API Market comes after the Spanish bank says it spent more than a year working with developers and businesses to [...]
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