Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy.
Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
Data has become a commodity in our everyday life and making a good use of it is the new game-up across all industries. Financial services have been heavily disrupted by transparency regulatory directi...
As the Consumer Financial Protection Bureau (CFPB) finalizes its Dodd-Frank Section 1033 rulemaking, the U.S. is on the brink of establishing an open banking ecosystem. While some smaller community an...
More than 600,000 British businesses now use open banking (OBIE) in either a data or payments capacity. From streamlined collections in sectors such as lending and retail to increased financial contr...
Travel is one of the world’s biggest and crucial service industries in modern times. Statista predicts the sector will be worth US$1,015.60 billion by 2027, while 74% of total revenue will be generate...
Households throughout the UK are struggling with the cost of living; from soaring food and energy costs to higher interest rates, communities throughout the country are tightening their budgets. Consu...
The pandemic has acted as a catalyst in the widespread adoption of digital payments, propelling contactless payments to the forefront of this transformation. According to a recent report from Juniper...
Open banking has the potential to reshape eCommerce transactions, yet so far, uptake has been slow amongst consumers. Since Open Banking was introduced in January 2018, UK banks have been required to ...
As the proverb goes, ‘patience is a virtue’, and that’s something many of us are having to keep in mind this week as we await the Joint Regulatory Oversight Committee’s (JROC) report on the future of ...
While Open Banking has been a game-changer for the UK’s financial services sector, the rest of Europe has yet to fully embrace this concept in the same way. This has resulted in a lack of consistency ...
As Saxo is working to create the vision for our next version of OpenAPI, we are looking for many sources of inspiration as to what needs to get improved. One initiative is a collaboration with the Dep...
Despite a raft of recent issues, financial institutions remain determined to dive deeper into crypto. This presents real risks to institutions – and that it is imperative that they take precautions to...
On 25 November 2022, the Payment Systems Regulator (PSR) closed its consultation on new proposals to help address Authorised Push Payment (APP) scams. Before it proceeds to implementation, we encoura...