Tagged: psd2

Fintech Salt Edge, Kindgeek to Enhance Open Banking Solutions

Kindgeek, a one-stop shop fintech software developer, and Salt Edge, an open banking service provider, announce their partnership for providing PSD2 and open banking solutions to the fintech landscape. As financial services continue to become more digital, opportunities arise “to develop more efficient financial services… Read More

European Banking Authority (EBA) Releases Peer Review on Authorization Under Payment Services Directive

The European Banking Authority (EBA) published its peer review on authorization of payment institutions and e-money institutions under the revised Payment Services Directive (PSD2). The review generally found “increased transparency and consistency of the information required in the authorization process.” However, it also “identified significant… Read More

European Banking Authority Comments on PSD2, Expresses Strong Support for Merger with EMD2, Comments on Open Finance

PSD2 or the European Payment Services Directive 2, has been in force since 2016 but payment services providers had until 2018 to adhere to the rules. The EU directive requires providers to incorporate heightened authentication features as well as taking aim at APIs that may… Read More

Toqio Embeds tell.money into Platform to Fulfill PSD2 Requirements

Tell.money, the Fintech solution that provides innovative and “rapidly” deployable open banking services for banks and other account providers, has teamed up with Toqio, the Fintech SaaS platform that “enables organizations to build and launch fintech propositions.” Addressing Toqio’s PSD2 (Payment Service Directive Two) requirement… Read More

Form3 Appoints Beeks Group to Underpin their Payments Tech Platform

Beeks Group is pleased to confirm that they were chosen by Form3, the Cloud-native payments tech provider, in order to build “a secure, private network and provide hosting facilities for their payments technology platform.” Michael Mueller, Form3’s CEO, stated: “We’re delighted to have successfully implemented… Read More

TrueLayer Clarifies What Changes to 90 Day Rule for Open Banking Access Actually Mean

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

Forter’s Smart Payments to Help Companies Maximize Revenue, Comply With PSD2 Requirements

Forter today launched Smart Payments, a new offering designed to increase digital commerce conversion rates and revenue. The offering optimizes the use of 3D Secure (3DS) to meet strong customer authentication (SCA) requirements and addresses friction in the payment process. Smart Payments executes 3DS only… Read More

2022 To Be Marked By Super Apps, Open Data, Generation Hashtag: Analyst

Super apps, openness in customer data ownership, and Generation Hashtag will be key topics in fintech in 2022, according to GlobalData’s Tech, Media, & Telecom (TMT) Predictions 2022. GlobalData thematic analyst Amrit Dhami said while mobile commerce is leading to the development of super apps… Read More

Forter President Liron Damri’s 3 Biggest Factors That Will Shape E-Commerce in 2022

As 2022 looms for the e-commerce industry, it will be shaped by several key factors, Forter president Liron Damri believes. He said regulation will play an even more significant role than it has in the past, especially for companies dealing with the European Economic Area… Read More

Tink Research Reveals 47% of European Financial Firms Increased Open Banking Spend in 2021

New research published by open banking platform Tink reveals an increase in spending among Europe’s financial executives, with 47 per cent saying their open banking budgets have risen in 2021. This follows a challenging year in 2020, where financial institutions battled budget restrictions against the… Read More

Foolproof E-Commerce Strategies Crucial in 2021: Forter’s Aaron Begner Explains Why

Over the past two years, a solid e-commerce strategy has proven to be a must for every business, but such a strategy has to be carefully implemented in order to maximize revenue while also minimizing fraud, Forter’s general manager for EMEA Aaron Begner said. Founded… Read More

Payments Supported by Open Banking to Surpass $116B in 2026, Up from Only $4B in 2021: Report

Open Banking is driving the “largest disruptors” in the virtual banking market, BaaS (Banking-as-a-Service) and embedded finance, by serving as an “enabler for delivery of these concepts,” according to a report from Juniper Research. As noted in a whitepaper, shared by Juniper Research: “While the… Read More

PSD2 Payments: Financial API Platform Salt Edge Partners with Italian Fintech Accelerator Supernovae Labs

Salt Edge, a Financial API platform has partnered with Italian Fintech accelerator Supernovae Labs in order to support Italian financial institutions and third-party providers with aggregating banking data and carrying out payments enhanced by PSD2. Through their collaboration, Salt Edge and Supernovae Labs are providing… Read More

Biometric Authentication, Contactless Payments, Digital Commerce Adoption Continues to Rise in Post COVID Environment: Report

Juniper Research recently published a whitepaper titled, “Cash is No Longer King: How Contactless Payments are Becoming the Norm.” The paper from Juniper Research notes that bricks-and-mortar retailers are now “under pressure” to provide increasingly “frictionless” shopping experiences. Consumers have started expecting quick, secured, and… Read More

ACI Worldwide, Provider of Real-Time Payment Solutions, Partners Swedbank, Will Combat Online Fraud

ACI Worldwide (NASDAQ: ACIW), an international provider of real-time payments and digital payment software applications, reveals that it has teamed up with Swedbank, a leading issuing and acquiring bank in the Nordic and Baltic regions. The company has contributed to a 55% decrease in payment… Read More

European Banking Authority Releases Report on Data Provided by PSPs on SCA Compliance Readiness

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

Open Banking: UK’s Digital Bank Zopa Explains how Consumers Can Benefit from Financial Data-Sharing

Open Banking is about giving users better control over their banking information. Instead of your bank hoarding the details regarding your transactions and account, users are able to decide how and when they want to share these details with other financial services providers and other… Read More

Keith Grose from Plaid Says UK has Taken the Lead in Fintech related Developments like Open Banking, PSD2

While attending a recently-held panel session for this year’s UK Fintech Week , moderator Kristy Duncan, CEO at Women in Payments, acknowledged that the United Kingdom and the European Union could potentially benefit from an updated regulatory framework that supports innovative projects and competition. As… Read More

DeFi Needs a More Reliable Credit Scoring System According to Blockchain Platform Ontology Founder Li Jun

Decentralized finance (DeFi) requires a more reliable credit scoring system, however, we need to be cautious, according to Ontology (ONT) Founder, Li Jun. Jun explains that credit scores have been “a cornerstone of risk evaluation in the global banking systems for decades.” He adds that… Read More

Open Banking May Lead to New Revenue Streams for Financial Service Providers, PaymentComponents Reveals

The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More

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