PaymentComponents and Natech partner for open banking push
AplonAPI will be integrated with Natech’s core banking solution.
PSD2
The Future of European Fintech Alliance calls for API banking order
Alliance wants to ensure bank APIs under PSD2 have the necessary functionalities and performance.
Lloyds preps for PSD2 with £3bn digital investment
Three-year strategy to bolster its digital capabilities – job cuts are included.
Bud blossoms with two new payment licences
UK-based web and mobile app has got regulatory authorisation to aggregate accounts and initiate payments.
TrueLayer makes Zopa an open banking player
API developer platform partnering with UK financial services company for launch of products.
Figo releases RegShield for PSD2 field
German banking service provider launches its new “Licence-as-a-Service” solution.
Will Open Banking usher in a new era of customer-centric banking?
And will it fundamentally improve customer service in the banking industry?
PSD2: regulation as a catalyst for innovation
PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.
GDPR vs PSD2: a challenging contradiction or two sides of the same coin?
Are GDPR and PSD2 really that dissimilar and incompatible? Or do they combine to create a robust security mind set?
FIDO Alliance Addresses PSD2 Screen-Scraping Debate
Despite calls from fintechs to permit screen scraping under PSD2, the FIDO Alliance sees some serious flaws with that approach, including security and privacy issues.
Q&A with Mobey Forum’s ED Maikki Frisk
Six months after coming on board to lead the digital financial services trade association, Maikki Frisk talks about how to drive mobile payments adoption, the implications of Brexit and PSD2, and the ultimate importance of a good user experience.
Money20/20 Europe: PSD2 Creates More Questions than Answers
On June 26, artificial intelligence captured the imagination of some at Money20/20 in Copenhagen. But during the June 27 sessions on the second day, it was like I had stepped back in time to November 2016, reported Deputy Editor Antony Peyton. Last year, at the Payments International conference in London, PSD2 left some in the payments industry confused as to where the risks and opportunities lie.
Instant Payments Set to Displace Cards in Europe, Report Says
More than $809 billion is set to switch to the fledgling instant payments system in Europe by 2027, representing a significant threat to cards, according to a new report from Ovum, a London-based consultancy. Instant, or real-time, payments enable account-to-account bank transfers in seconds instead of days.
Innovation Day: Fast-Growing Prepaid Market Offers Rewards, Risks
New growth estimates for prepaid are encouraging to say the least, but providers gathering in London for the Prepaid International Forum’s annual Innovation Day said the industry must remain focused on compliance and the customer proposition to safeguard its success.
PIF Seeks Clarity, Exemptions as U.K. Moves toward PSD2
As the U.K. moves ahead with plans to implement the revised Payment Services Directive (PSD2), the Prepaid International Forum (PIF) has asked regulators for more clarification on certain aspects of how the framework will be applied in the country.
Disrupting Payments for the Better at Mobile World Congress
A deep dive into a packed panel discussion on disruption at the annual conference shows how payments providers are mapping the future with new technology, and how traditional players can endure.
European Online Transaction Rule Revised after Payments Industry Complaints
After absorbing hundreds of complaints from the payments industry, the European Banking Authority will relax its pending customer authentication rules for online transactions. But given the rise in popularity of online shopping, the new threshold of 30 euros before two-factor authentication is required may not be enough to assuage industry concerns.
The rise of in-app commerce
In-app payments are cannibalizing more traditional payments.
Viewpoint: What Openness Means for Payments, Fintech Future
With regulators opening up the payments infrastructure and consumers and business clients demanding á la carte but interoperable financial services from a variety of players, the industry and its would-be disruptors must adapt.
