Tagged: psd2

Form3 Appoints Beeks Group to Underpin their Payments Tech Platform

Digital Computer Money Coin Mac

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

The City of London UK

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

Old Cash Register Merchant Payments Store

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

2021

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

Christmas Cookies

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

Vault Safe Open

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

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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

Vault Safe Open

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

France Market Spices Salt Pepper Variety

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

cash money transfers payments iPhone

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

swedbank headquarters

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

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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

Zopa Credit Card Google Pay 1

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

Fintech UK

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

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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

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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

Open Banking Payments Platform Token and BNP Paribas to Support Financial Transactions with SEPA, PSD2 APIs

BNP Paribas

Open Banking payments platform, Token, and BNP Paribas (EPA: BNP), a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), have introduced an online payments service which aims to leverage the power… Read More

kevin. Raises €1.5 Million to Further Develop its PSD2 Product for Mobile Payments

Euro Money iPhone Digital Banking

kevin., a Lithuania-based Fintech startup, has raised €1.5 million in seed funding to further develop its “first of its kind” P2D2 product for mobile payments. kevin.’s solution is a PSD2-based open banking API that has been used to directly compete with card networks for mobile… Read More

UK Fintechs Can Establish Stronger Market Presence if they Adopt Better Open Banking Policies, According to Ian Liddell-Grainger

King Richard Parliament Westminster London UK

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

Open Banking Fintech Nordic API Gateway Launches Aiia Platform to Meet PSD2 Opportunities for Secure Payments

safe vault Bank

Open Banking Fintech firm Nordic API Gateway has launched a platform, called Aiia, that aims to meet the opportunities of PSD2, which is a European regulation for digital payment services. PSD2 aims to make electronic payments more secure in Europe, support innovation and assist banking… Read More

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