Posts by Newsdesk

EBA Clearing subsidiary Preta has signed up 40 banks and tech firms to Open Banking Europe, an initiative launched in June last year to create a centralised PSD2 directory. With the backing of major European banks, Open Banking Europe is seeking to address regulatory concerns about the interoperability of bank data sharing initiatives under PSD2.…

With more and more EU banks completing the inevitable process of opening up their data to third parties, an Open Banking payment hub becomes a logical necessity. So in response to the market demands, the fintech firm Salt Edge has set up an Open Banking payment infrastructure, which is now available for testing. As of…

The New Zealand government are considering Open Banking options for New Zealand customers. Open banking involves consumers choosing to share their banking data to access new or improved products or services. This could include financial or budgeting advice, dashboards that display a range of financial information in one place, more streamlined and personalised loan applications,…

The Canadian Government has established an Advisory Committee on Open Banking to explore the potential and pitfalls of a regime which would give consumers the ability to share their financial data with third parties. Announced as part of the federal budget in 2018, the four-person Committee will be tasked with dissecting the results of a…

SIA has unveiled its new open banking digital platform as it looks to work with Italian and European banks, fintechs, corporates, SMEs and public sector organisations for payment services. Speed, innovation, ambitionWith the introduction of Payment Services Directive 2 (PSD2) very much in mind, SIA wants to create an “ecosystem” for banks and new market…

Leading Identity and Access Management Platform Provider Reaches Key Testing Milestone as It Completes Open Banking Conformance Tests   LONDON, 26 September 2018 — Ping Identity, the leader in Identity Defined Security, today announced the successful completion of 70 technical security tests set by Open Banking Ltd. These tests allow UK banks to more easily…

Born in a sea of hype on January 13, Open Banking has so far fallen short of delivering the promised financial revolution. We have yet to see any “killer apps”, dramatic changes in consumer behaviour, sudden doses of competition or tectonic shifts in the UK banking market. Mandated by the Competition and Markets Authority (CMA), open…

Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea. Nordea’s Open Banking platform was launched at the…

As a serial entrepreneur, regulatory adviser, corporate consultant and investor, Dr Louise Beaumont has seen the evolution of the banking sector from all angles. As co-chair of the Open Banking & Payments Working Group, techUK, she spoke to Open Banking Expo about the challenges facing the sector and who she predicts will be the eventual…

Banks with operations in the brokered mortgage, secured lending and debt management markets are being urged to adopt a universal format for sharing and accepting customer data. Senior industry figures acknowledge that banks have become better at sharing affordability data, but are frustrated that banks’ broker systems will not accept underwriting data in formats generated…