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Open Banking as an accelerator for digital transformation in times of change The current ongoing pandemic caused by the novel Coronavirus Covid-19 is having a global economic impact – without any doub...
Thanks to PSD2 in the EU, and open banking in the UK, Europe has been leading the way with its open banking initiatives. This significant development represents the beginning of a journey to democrati...
Open Banking is unstoppable and is being discussed in almost every corner of the world – be it to increase competition, reduce cost, foster innovation or financial inclusion. In Open Banking, banks ar...
With the introduction of the European Union’s PSD2 and Open Banking in the UK, the concept of Open Banking has arrived in Europe and is clearly here to stay. But what is happening in other parts of th...
In the European Union, PSD2 has created an important initial framework for open banking. API standardization is essential for building a fully-functioning open banking ecosystem – and the Berlin Group...
Europe made the first steps toward open banking with open banking regulations in the UK and PSD2 for the European Union. As a first mover, the EU introduced PSD2 to increase competition in a payments ...
Across the world, the trend towards open banking regulation is clear – and is rapidly gaining traction and momentum. In Europe we’ve seen the launch of PSD2 for the EU and CMA Open Banking in the UK. ...
In combination, the EU’s Second Payment Services Directive (PSD2) – and the European Banking Authority’s (EBA’s) related Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) an...
On 13th January 2018, the second Payment Services Directive (PSD2) came into force. With it – amongst other rules, banks are will be required to open their systems to third-parties and provide interfa...
The European Union’s revised Payment Services Directive (PSD2) has paved the way for a new era of Open Banking globally. As a result, it will have huge impacts on business models, security mechanisms ...
Today, Open Banking is gaining increasing traction globally, through a combination of banks’ internal efforts, market initiatives, and regulations like the EU’s PSD2 and the UK’s CMA Open Banking. Now...
Major changes are under way in Europe’s payments landscape. In the UK, the Competition & Markets Authority (CMA) has triggered a fundamental reshaping of the UK’s digital financial industry ecosys...