Open Banking

Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.

Rolands Mesters CEO at Nordigen

Payment services have become a commodity, Visa is no longer safe

The payment landscape has become increasingly competitive, with a growing number of payment options appearing in recent years. Now, with the establishment of alternative payment choices, the Visa and Mastercard duopoly is challenged from all sides. Amazon recently announced that they will stop accepting UK Visa card payments and Visa has responde...

29 November 2021 /payments

Jessica Bayley Head of Marketing at Acquired.com

Who is driving Open Banking education and adoption in the UK?

Over 60 countries globally have open banking initiatives live or imminently planned. The legislation that enabled open banking in the UK came into place in January 2018 and currently 8% of digital customers are estimated to be using Open Banking in their daily lives – to put this into perspective 16% of people use Apple Pay and Google Pay which we...

09 November 2021 /payments

Vladimir Pîntea VP of Engineering at Trovata

eIDAS certificates renewal issues and how to overcome them

eIDAS certificates have an important role under PSD2. Their usage is mandatory for ensuring that data is kept secure and within trusted parties at all times. These certificates issued by QTSPs can be associated with passports with which TPPs identify themselves when onboarding with and accessing banks’ channels. While the eIDAS certificate is the ...

04 November 2021 /payments /regulation

Matthias Biehl API Strategist at Software AG

Open Insurance: What to scoop and what to drop from Open Banking

Open Insurance aims to create tech-driven collaborations among insurance firms and tech companies to foster innovation, provide fertile ground for digital ecosystems and new business models to emerge, and in the end provide better experiences for customers. The tech-driven collaborations enabled by open insurance are based on sharing customer data...

02 November 2021 /retail /startups

Lawrence Dinga CTO at W-Tec Africa Limited

Is Kenya Ripe for Open Banking?

With the global economy undergoing the digital transformation and driving rapid change, major developments in the Kenya’s financial sector have been concentrated in banking and payments. By adopting digital technologies and agent networks to lower the cost of delivering and accessing accounts, payments and loans, the financial sector has significa...

02 November 2021

Alex Reddish Managing Director at Tribe Payments

Open Banking hasn’t failed, but Open Finance might do if we don’t learn from it

Open Banking has been in the fintech headlines recently, once again being lambasted as something that hasn’t quite worked with some industry titans even labelling the initiative as a failure. Starling’s Anne Boden told MPs on the Treasury Committee “Open Banking is a lesson of us trying to make something work when halfway through the project, we ...

01 November 2021 /payments /regulation

Lawrence Dinga CTO at W-Tec Africa Limited

Kenya: Open Banking and Financial Services Transformation

One of the crucial pillars of the Kenya’s Digital Economy Blueprint is Digital Business which focuses on digital trade, digital financial services and digital content. The goals and primary objectives of this pillar is to provide a robust marketplace that leverages technology to ensure that every citizen and business can trade goods, information a...

01 November 2021

Paul Fermor UK Solutions Director at Software AG

How Open Banking spells opportunity for big banks to regain customer loyalty

It’s been almost four years since the Payment Services Directive Two (PSD2) took effect. This new Open Banking legislation was rooted in the belief that enabling consumers to share their banking data with other financial providers would drive competition and result in better deals and services. More than three years down the road, it’s debatable w...

27 October 2021 /retail /cloud

Matthias Biehl API Strategist at Software AG

From Open Banking APIs to Banking-as-a-Service: How big is the leap?

Open Banking and Banking-as-a-Service (BaaS) are terms used for APIs in the financial space. But do they mean the same - can they be used interchangeably? Does a bank automatically offer Banking-as-a-Service when it offers Open Banking APIs? Commonalities Both Open Banking and Banking-as-a-Service are terms used to refer to financial APIs that are ...

25 October 2021 /retail /startups

Todd Clyde CEO at Token.io

Will A2A payments move into the mainstream and reshape the payments landscape?

The noise around account-to-account (A2A) payments is starting to swell as people pick up on the benefits. FIS’ Global Payments Report 2020 predicted that A2A payments will account for 20% of all e-commerce payments, surpassing both credit and debit cards by 2023. But are we ready? An A2A payment is simply where the payment moves directly from the...

20 October 2021 /payments