Insights
Insight: PSD2 and Strong Customer Authentication- Defining new customer journeys
As a component of the Payments Service Directive 2 (PSD2) legislation, that was introduced in January 2018, the security measures that are outlined in the Regulatory Technical Standards come into effect from September 2019.
Read MoreInsight: Proven APIs hold the key to Open Banking success in Bahrain
The spirit of co-opetition will make Bahrain’s banks the envy of the world, says Abdulla Almoayed, CEO, Almoayed Technologies.
Read MoreInsight: Rizwan Khalfan, Chief Digital and Payments Officer, TD Bank
Source: TD Bank Finance Canada has invited businesses to provide their perspective on what they think a Canadian Open Banking system could look like. We caught up with Rizwan Khalfan, TD’s Chief Digital and Payments Officer, to get his thoughts on the opportunities and challenges Open Banking brings to Canadians. Where are we at in…
Read MorePioneering progress in Open Banking
Earlier this year, we saw the first anniversary of the launch of open banking in the UK. What’s been happening in the intervening 12 months? During 2018, Account Servicing Payment Service Providers (ASPSPs) rolled out the read/write APIs developed by the Open Banking Implementation Entity (OBIE) together with their customer authentication journeys: the steps that…
Read MoreThe small business end: driving adoption with education
It’s no secret that Open Banking is set to notably increase consumer access to financial products, whether that be debt management tools, overdrafts and loans, or modern banking. But how can this new technology benefit businesses, as well as the individual consumer? Here at Liberis, we believe the most prominent benefit to small businesses is…
Read MoreBetter prepared
Former MBNA/Bank of America product development director Brendan Jones is now a part of the leadership team at Konsentus. He looks at the challenges that organisations are facing from PSD2 Open Banking. Q: How has your career to date informed your opinions on the changing payments landscape? I have worked in the payments arena…
Read MoreThe gloves are off
The payments arena is fast becoming one of the most competitive sub-sectors of the banking industry, full of companies with vastly different backgrounds. We asked four industry experts who they thought would come out on top. “What type of organisation will dominate the payments sector in 10 years?” Marko Sjoblom Founder & CEO,…
Read MoreOpinion: James Varga
As has been widely discussed elsewhere, one of the primary reasons for the introduction of Open Banking was to open up the proverbial treasure trove of data on which banks sit. Everything in our financial histories is known to the banks, and with 90 per cent of consumers banking with one of the big nine…
Read MoreWhat’s been going on so far in 2019?
As the year of Open Banking begins, consumer organisations, academics and even the Church are looking at what it means for consumers. I kicked off my January writing and presenting an essay for the Vatican on fintech, competition and vulnerability – levelling the playing field was the central theme. It was fascinating to join a…
Read MoreHow Open Banking can save branch banking
People have been predicting the demise of bank branches for years. Today that death knell seems to be ringing louder than ever as foot traffic continues to decline, new technologies allow customers to conduct banking from their phones, and mobile-only challenger banks are rapidly attracting customers and accounts. But the traditional branch network is far…
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