Open Banking RSS

access to accounts, API, banking-as-a-service, Daily News, ISO20022 standards, Issuing & Acquiring, NextGenPSD2, Open Banking, Payment Services Directive, PSD2, Regulation, Third Party Providers, TPPs, XS2A -

The Berlin Group has published Version 1.0 of the NextGenPSD2 Access to Accounts (XS2A) Framework that enables Third Party Providers (TPPs) to access bank accounts under the revised Payment Services Directive (PSD2). Version 1.0 integrates extensive public market consultation feedback and is based on the European Commission adopted European Banking Authority (EBA) Regulatory Technical Standards [...]

The post Berlin Group publishes Version 1.0 of the NextGenPSD2 Framework appeared first on Payments Cards & Mobile.

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Daily News, FinTech, Mobile Banking, mobile banking app, Mobile Payments, Mobile Wallet, Open Banking -

Telefonica’s millennial focused MNO Giffgaff, is set to launch its own personal finance banking app based on newly implemented Open Banking regulations. Utilising the latest Open Banking regulations, the Giffgaff Gameplan app will offer users spending insights to help them cut down daily expenditures and save towards defined goals. The service will also offer a [...]

The post MNO Giffgaff uses Open Banking to launch mobile banking app appeared first on Payments Cards & Mobile.

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Daily News, E-Money, FinTech, Instant Payments, Issuing & Acquiring, Open Banking, Payment Services Directive, PSD2, Revised Payment Services Directive -

On January 13 the Revised Payment Services Directive, PSD2, came into force across the EU. Worldline’s CEO Gilles Grapinet speaks in a new interview about the huge opportunities for banks, large retailers, and FinTechs with PSD2, and especially points out that the banks need to realise that only complying with the PSD2 can lead to [...]

The post An interview with Worldline CEO Gilles Grapinet: PSD2 – a goldmine of opportunities appeared first on Payments Cards & Mobile.

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API, Cyber Security, Daily News, E-Money, European Fintech Alliance, FinTech, Fraud & Security, Identity, Issuing & Acquiring, Mobile Payments, Open Banking, PSD2, Regulation, Regulatory Technical Standards, RTS, SCA, strong customer authentication -

The Future of European Fintech Alliance, consisting of 72 European FinTechs, challenger banks and FinTech associations, has taken note of the final Regulatory Technical Standards (RTS) on strong customer authentication and secure communication under PSD2 adopted by the European Commission. The text constitutes a workable compromise between the interests of the incumbent banking​ ​industry​ ​on​ [...]

The post Future of European Fintech Alliance statement on the final Regulatory Technical Standards (RTS) on strong customer authentication appeared first on Payments Cards & Mobile.

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API, Cyber Security, Daily News, E-Money, FinTech, Fraud & Security, GDPR, Identity, Issuing & Acquiring, MiFID II, Open Banking, Regulation, Risk & Compliance -

London and the EU are bracing themselves for MiFID II, the new dawning of one of the biggest regulatory shake-ups of since the 1980s ‘Big Bang’ as a new framework of rules, as it comes into force across Europe. The financial sector across the European Union has been preparing for months ahead of the new regulations coming [...]

The post MiFID II: the new financial regulatory system appeared first on Payments Cards & Mobile.

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