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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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...
What is Open Banking? Starting January 13th, the largest UK banks began the process of allowing their customers to request transaction data be shared with third parties. Barclays, HSBC, Lloyds, Ban
With the objective of stimulating competition in banking, the UK’s Open Banking organization has shared a set of Open API specifications and data standards designed to dramatically reduce barriers to...
In the run up to its implementation date on 13 January 2018, the EU’s Second Payment Services Directive (PSD2) – which in the UK is known as ‘Open Banking’ – was widely perceived to be a game changer ...
There has been a lot written over the past few years about the so-called impact that GAFA (Google, Apple, Facebook & Amazon) will have on banking world in the future. These large tech companies ar...
The Challenge for Traditional Banks The challenge for many financial organisations, when enhancing digital services, is that the well-established portion of the financial industry, much like the globa...
Anyone reading the industry press will undoubtedly have seen opinion pieces on Open Banking. The fact that Open Banking is going to transform the industry isn’t new news. When I read the different opi...
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 banking landscape is about to change beyond all recognition due to Open Banking and it is arguable these are the biggest changes we have seen in the last 20 years for consumers. However, there’s a...
Open banking is catching the imagination of consultants, analysts, commentators and general public. One reads about the benefits from data sharing with third parties, concerns over data privacy and on...
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 ...
You'd be forgiven for thinking this long awaited and highly revered era of 21st Century 'Open banking' that's just been ushered into the UK with a spirited shove-in-the-back by its Competition & M...