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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Erica Virlan Vice President at Salt Edge
In the world of auditing, professionals are no strangers to an array of difficult challenges that can sometimes significantly impact their efficiency and accuracy. The journey begins with a limited view of a client's entire financial transaction history, frequently resulting in a laborious process of obtaining further transaction details at a spee...
30 November 2023 /regulation
Helen Child Founder & CEO at Open Banking Excellence (OBE)
The PSD2 was a truly historic piece of legislation that laid the foundations for a paradigm shift in financial services. The blockbuster Payment Services Directive 2 planted the seeds for Europe’s thriving Open Banking ecosystem. Now we’re awaiting a sequel. When the PSD3 comes into force at some point in the next five years, it will unlock vast n...
24 November 2023 /payments /regulation
Ben Rattue Manager - Product Partnerships & Propositions at Token.io
Variable Recurring Payments (VRPs), or Dynamic Recurring Payments (DRPs) as they’re commonly known in continental Europe, represent a promising payments innovation and are poised to deliver significant benefits to both merchants and consumers, potentially unlocking several killer use cases for open banking-enabled payments. This article explores t...
13 November 2023 /payments /retail
If the sessions and discussions at Open Banking Expo UK and Europe on 18-19 October were anything to go by, then Variable Recurring Payments (VRPs) are generating plenty of interest and excitement across the ecosystem, including among merchants, payment services providers (PSPs) and banks. The reason for the hype is because VRPs deliver better out...
02 November 2023 /payments /retail
Alex Kreger Founder and CEO at UXDA Financial UX Design
In September 2023, Apple launched the iPhone Wallet app integration with UK users' current account balances and transaction history. The Apple Wallet app's integration with the Open Banking API allows users to get their checking account balance directly from their bank. Throughout history, banks has remained a closed industry, monopolizing the maj...
04 October 2023 /retail /markets
Kanika Hope Chief Strategy Officer at Temenos
Kanika Hope, Chief Strategy Officer, Temenos The success of open banking is pivoted on the tangible business value delivered to end-customers whether they are retail consumers or small to medium enterprises (SMEs) or larger corporates. Open banking was first adopted by retail banks but also has great potential in the corporate and SME banking sect...
19 September 2023 /payments /sibos
Donica Venter
In the ever-evolving landscape of the financial industry, payment service providers (PSPs) across Europe are constantly seeking innovative ways to stay competitive and meet the evolving needs of their customers. The advent of Open Banking offers a plethora of opportunities for PSPs. In this blog post, we will explore the various ways Open Banking ...
14 September 2023 /payments /predictions
Inna Demchenko Head of project at Bank
Ukraine has moved to a new stage in the process of implementing open banking, as on 11 August the National Bank of Ukraine (NBU) published on its official website the approved Open Banking Concept and the introduction plan. The regulator's experts worked on the document jointly with working groups of market participants, including banks, non-bank f...
15 August 2023 /retail
Robert Sullivan Public Policy & Strategy Director at Token.io
It’s now been over a month since the European Commission (EC) published their package of proposals for the next generation of payments regulation in the EU. The proposals – which will see PSD2 split into a new directive (PSD3) and regulation (Payment Services Regulation/PSR) – have generated plenty of headlines since their release. But what are t...
09 August 2023 /payments
Retired Member
In every corner of the world, financial regulators are taking steps to advance open banking, with fresh regulations and frameworks recently announced in the EU, UK, US, and Australia. However, each regulator is taking a different approach, tackling region-specific issues to advance payments infrastructure and improve the consumer experience. Whils...
09 August 2023 /payments /regulation
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