PSD2 RSS
An update on UK Open Banking API implementation
In July the Open Banking Implementation Entity released specifications for the ‘Read/Write’ payment initiation and account information Application Programming Interfaces (APIs) that will go live in January 2018. This follows the release in March 2017 of the ‘Open Data’ APIs, offering standardised information on UK banking products and the location of branches and Automated Teller [...]
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Lack of trust in Third-Party Providers as Open Banking rolls out across Europe
Less than six months before the Revised Payments Service Directive (PSD2) makes Open Banking a reality across Europe, research from Accenture has found that two-thirds of consumers in the UK said they won’t share their personal financial data with third-party providers, giving banks the opportunity to benefit from the trust they have built with their [...]
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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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FIDO Alliance jumps into PSD2 Screen Scraping debate with letter
Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive 2 (PSD2), specifically with regards to Screen Scraping. Screen Scraping is the practice where third-party Payment Initiation Service Providers (PISPs) and Account Information Service Providers [...]
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Beyond FinTech: An assessment of disruptive potential in financial services
For years FinTech has been the hottest topic of discussion in financial services, with incumbents, regulators, and consumers all asking the same question: “Will small technology-enabled ‘FinTech’ start-ups redefine the way that banks and insurers operate, and upend the competitive landscape of the industry?” Building on the findings of the 2015 World Economic Forum report [...]
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