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One in ten European banks to fall away?

A.T. Kearney is predicting the demise of one in ten European banks over the next five years as more agile digital challengers embrace the changes wrought by Open Banking to increase their market reach.

One in ten European banks to fall away?

A.T. Kearney is predicting the demise of one in ten European banks over the next five years as more agile digital challengers embrace the changes wrought by Open Banking to increase their market reach.

Report- Open Banking Potential in Mexico

With the passing of the Law to Regulate Financial Technology Institutions (known as the FinTech Law) on 1 March 2018,1 Mexico became the first country to regulate its FinTech sector. This law lays the groundwork for an open banking standard (OBS) by requiring financial institutions to establish open application programming…

Standard Chartered says it will apply to operate a virtual bank in Hong Kong

Hong Kong and London-listed Standard Chartered plans to apply for a virtual bank licence, making it the first traditional bank seeking a licence locally to operate purely online without physical branches. The Hong Kong Monetary Authority last month announced details on its virtual bank licences and set August 31 as…

Open Banking: what are the options for consumers?

Open Banking took a big step towards mainstream public acceptance recently when HSBC unveiled a smartphone app that lets consumers take advantage of the initiative. But Open Banking is a new concept that is still unfamiliar to many consumers. Here, Telegraph Money breaks down what it is and what options…

The #openbanking journey continues

Bank customers will be able to use their complete transaction histories from July 1 next year to get a better deal on savings accounts and credit cards in a gradual introduction of the open banking regime, which challengers say will put downward pressure on borrowing costs. The government has accepted…

Deutsche Bank pilots ‘disruptive’ payments solution for airlines

Deutsche Bank announced on Monday it would launch a joint project with airline industry association, International Air Transport Association (IATA), to test a disruptive new payment model. The new system for web-based ticket sales to passengers was scheduled to be rolled out across Europe from the end of 2018. The German…

Amazon Offers Retailers Discounts to Adopt Payment System

Amazon.com Inc. is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings Inc. and card-issuing banks. The move shows Amazon is willing to…