Tagged: psd2

Alior Bank Partners with Raisin, solarisBank and Mastercard, Creating Digital Financial Ecosystem

Alior Bank has announced a “pan-European collaboration” with Raisin, solarisBank and Mastercard. The four separate companies are seeking to create a new financial platform based on an open API model. This new model hopes to enable their clients “to benefit from truly open banking.” According… Read More

PSD2 Ready: Emma Banking App Receives FCA Approval

Following a closed beta launch in December, Emma Technologies has announced the Financial Conduct Authority (FCA) has give regulatory approval to the company under the Payment Services Regulations 2017 for the provision of payment services. In the UK on January 13th requirements under PSD2, as… Read More

Open Banking Arrives in the UK on January 13th. What Does this Mean?

Open Banking is kind of a nebulous term. Unless you are very engaged with the UK financial sector it probably means little to you. Yet the concept of Open Banking will have profound ramifications for consumers and businesses in both the UK and Europe. In… Read More

ECN Convention Debates Technology & Cross-border Future in EU Alternative Finance & Crowdfunding

Two main topics of the 6th Annual Convention of the European Crowdfunding Network (ECN) on October 19th and 20th were technology innovation and cross-border finance. The discussions showed that alternative finance has only scratched the surface of its technological innovation’s potential ‒ the potential to… Read More

The UK Plows Ahead in Implementing PSD2 Compliant Open Banking

On Monday, October 9, Lendit Europe, the event gathering 1000+ representatives of the international fintech and lending scene on the banks of the River Thames, opened with a presentation by Imran Gulamhuseinwala OBE, Global Head of FinTech at consultancy firm EY, who spoke about “The… Read More

FCA Publishes PSD2 Approach

The UK Financial Conduct Authority (FCA) has published their approach to the EU directive known as PSD2.  This directive defines the requirements for firms that provide payment services and impacts a wide range of financial service firms including Fintechs. PSD2 ostensibly aims to improve consumer… Read More

Will the Banks vs. Fintechs Dispute over PSD2 Derail the EU’s Progress towards Open Banking?

Banks represented by the European Banking Authority (EBA) and Fintechs represented through the Future of European Fintech are in profound disagreement about the technical standards for the implementation of the Second Directive on Payment Services (PSD2). Banks argue that screen scraping should be banned in… Read More

Signicat Launches MobileID to Satisfy PSD2 Requirements

ID assurance provider Signicat, one of the largest identity assurance providers in the world, has launched MobileID, a mobile authentication product. In addition to offering financial service providers speedy onboarding and identity assurance using a number of digital identity plans, Signicat now also offers Strong Customer… Read More

Championing French Fintech & Fintech Education: An Interview with Anaïs Raoux

Individual Fintech startups can’t disrupt financial services. It takes an ecosystem to do so. We spoke in Paris with Anaïs Raoux, the Managing Director of the industry association France Fintech about how the association helps build an effective ecosystem for French Fintechs ‒ tackling issues… Read More

Token Raises $15.7M in Series A Funding

Token, a Silicon Valley cloud-based payment network, has raised $15.7 million in Series A funding for its banking platform, which helps financial services comply with EU regulations. The capital infusion will be leveraged to expand the Token platform in Europe. The company has crafted itself… Read More

BBC: Fintech Provides Better Choices & Services, Enter Monzo, Square (Video)

In this brief video entitled “FinTech How technology is changing the world of finance,” BBC Newsnight spotlights some problems facing SMEs when it comes to collecting payments. Fees overwhelm. Payments delayed. Fintech maverick, Crowdcube campaigner and Monzo CEO Tom Blomfield addresses how lack of competition allows brick… Read More

figo Raises €6.8M, Supports its EU PSD2 Regulation Adherence

European fintech company figo, based in Germany, secured as a part of its Series B fundraising at the end of last month a €6.8 million (approximately $7.2 million) investment from Deutsche Börse Group.  The firm’s latest project is expanding its banking API products and services… Read More

European Parliament Agrees to EC Proposal on Online Payments

The European Parliament has adopted the proposal by the European Commission regarding a revised directive on payment services – also called PSD2. The law was originally proposed in July of 2013.  The legislation is designed to protect consumers when they make payments online and via… Read More

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