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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.
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Vladimir Pîntea VP of Engineering at Trovata
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 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
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 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
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
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
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
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
Sergei Artimenia Managing Director at RNDPOINT.com
The significant changes in the way customers and businesses participate in the banking ecosystem are incoming. The emergence of artificial intelligence (AI) and machine learning (ML) in financial technology (FinTech) caused the opportunity to improve financial management systems for businesses. Advancements in technology made banking operations si...
15 October 2021 /retail /wholesale
Retired Member
The Consumer Data Right, first introduced by the Australian Government in 2017, seeks to promote innovation and competition by giving “consumers greater access to and control over their data”. The roll out, which is being implemented in stages, began with the banking sector in July 2019 with the requirement for Australia’s four major banks to make...
14 October 2021 /startups /identity
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