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Screen scraping argument hots up as EBA rejects PSD2 amendment tabled by European Commission
The bank Vs FinTech screen scraping argument just got worse as the EBA (European Banking Authority) rejected an amendment to the Payment Services Directive (PSD2) proposed by the European Commission designed to allow the continuation of screen scraping. The EBA voiced its discontent at the EC’s intention to tweak the EBA’s draft Regulatory Technical Standards (RTS). “The EBA … [...]
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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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Virtual accounts: innovation to help banks exceed customer expectation
Corporates are under increasing pressure to be more efficient and their expectations of their banks are changing as a result. Banks need to be innovative to meet client expectations. Virtual accounts can be part of the solution for banks in meeting the needs of their corporate clients, as well as addressing their own internal strategic [...]
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Misys partners with D+H to form mega FinTech company Finastra
UK’s Misys and Canada-based D+H have merged to form a mega FinTech company, named as Finastra. The new company has been created after D+H was acquired by Vista Equity Partners, which already owns Misys. The combined entity of Misys and D+H is expected to become the third largest financial services technology company in the world. The company has [...]
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