Latest opinions that Ralf Ohlhausen has shared on Finextra

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Ralf Ohlhausen

Executive Advisor

Pay Practice

Member since

02 May 2013

Location

Stuttgart

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Ralf's opinions

Obstacles per se

The closer we come to 14th September 2019, the implementation deadline for the RTS on SCA & CSC, which details much of the PSD2 legislation, the less room we have for unclarity about its stipulations. One of these open points and maybe the most important one is the definition of an “obstacle” in the sense of RTS Art 32(3). The RTS stipulates a...

17 August 2019 /payments

The EBA is wrong about screen scraping - and it’s going to hurt European fintech!

On 23 February, the European Banking Authority (EBA) announced its intention to outlaw ”screen scraping” in one of their Regulatory Technical Standards (RTS) complementing the revised Payment Services Directive (PSD2), set to come into force in January 2018. Screen scraping sounds sinister. In fact, it simply refers to the practice of automating a...

23 March 2017

Brexit: a body blow for UK fintech?

With less than one day to the UK referendum on whether to remain in the European Union, debate on the potential impact of Brexit is intensifying. While some of the recent campaigning directed at voters appears designed to provoke a knee-jerk reaction, businesses and industry bodies are taking a more considered, analytical view. Analysis released b...

22 June 2016

Open banking API vs PSD2: the UK is taking the lead again!

The conclusions of the UK’s Open Banking Working Group’s recently released report confirm that once again the UK is a step ahead of its European neighbours. The report’s call for an open banking standard and an open banking API demonstrates that while the rest of Europe has been battling out compromises in the PSD2 revision that will give Third P...

04 March 2016

Instant Payments - Hot or Not?

Although money transfers within Europe are set to take place in real time soon, we have not yet heard a great many specifics about how the instant payment process will work. Now, some initial proposals have been put forward, but a number of unanswered questions remain, and the deadline is looming. Hot or Not? Financial experts, at any rate, agree...

15 January 2016

Instant Payments: A Critical Assessment

Instant Payments SEPA has long dominated the financial industry, but Europe’s next major payment project is just around the corner: instant payments. Leading the field here are the European Central Bank (ECB) and the European Retail Payments Board (ERPB), who are driving the development of a real-time payment system. Payments within Europe will, i...

24 July 2015 /payments

The Not So Far East

The Not So Far East: Asia, the Next E-commerce Frontier With retailers around the globe concentrating their attention on Asia as the next frontier, many make the mistake of focusing too heavily on China. Whilst China is undoubtedly Asia’s golden child, Asia comprises the largest and most populous continent with a combined population of approximate...

12 June 2015 /payments

Paying really can be this sexy

Let’s not beat about the bush here. For customers, making a payment transaction is about as exciting as watching paint dry. But the Apple Watch proves that even a payment transaction can be sexy. It’s true, we can’t be sure that smartwatches will catch on in the long-term, but initial figures show that the Apple Watch has got off to a good start. ...

05 June 2015

My opinion on the Payment Service Directive 2

Since the adoption of the first PSD in 2007, the EU retail payments market has grown significantly and several new players have emerged offering innovative solutions to consumers in the form of payment initiation services and account information services (TPPs). PSD2 formally brings these businesses into the scope of regulation, therefore providin...

29 May 2015 /payments /regulation