PSD2RSS

Bank to the future: five ways financial apps are changing banking

Ian McKenna, DigitalWealthInsights.com:

Less than half a year from now, PSD2 will revolutionise consumers’ access to their own financial information. In fintech hubs across Europe, bright young people are planning a consumer revolution. Their financial apps and tools are helping customers manage their money far more easily than they have before. Here are five important ways in which they are changing the face of banking.

Screen scraping: in or out?

Regulation, regulation and more regulation

Amid last month’s extensive ransomware attack, made possible after cyber criminals stole hacking tools created by the US National Security Agency, the European Banking Federation (EBF) again urged the European Commission (EC) not to dismiss recommendations about screen scraping.

PSD2 meets ISO 20022

PSD2

How will service providers and banks implement ISO 20022 in the APIs being created for PSD2?

White paper: GDPR – banks, breaches and billion euro fines

GDPR Report

The European Union’s new General Data Protection Regulation (GDPR) introduces 72-hour breach notification requirements along with severe regulatory fines and consumers and affected third parties now have the right to sue organisations responsible for data breaches.

Why getting ready for real-time is a priority for Rabobank

Erik Kwakkel, Rabobank Netherlands

When it comes to payments, the Netherlands, like its Scandinavian neighbours, is certainly one of the most advanced countries in the world. Banks and retailers have been working together for many years in an effort to decrease the amount of cash in circulation, working instead towards a “cleaner” and “safer” cashless environment.

European banks call for EC support on screen scraping ban

European Commission

The European Banking Federation (EBF) is asking the European Commission (EC) for its help on a screen scraping ban due to concerns over the privacy of client data, cybersecurity and innovation. The EBF wants the EC not to dismiss a key recommendation made by the European Banking Authority (EBA) on future electronic payments in the […]

Fintechs blast banks over PSD2 direct access angst

European Commission

A group of fintech companies and associations are asking for changes to the second Payment Services Directive (PSD2) due to fears it will force them to become technologically dependent on banks. The coalition of 60 European Union (EU) based entities have signed a seven-page manifesto seeking the European Commission (EC) to make changes to the […]

Temenos MarketPlace gets boost with new services and leadership

Temenos gains new live site in Palestine

Temenos has launched open banking and Payment Services Directive (PSD2) targeted services on its MarketPlace. The aim, says the vendor, is “to facilitate the exchange of value between banks and fintech companies”. MarketPlace is “customer driven”, says Ben Robinson, group chief strategy director of Temenos – i.e. the vendor proactively seeks out solutions that customers […]

Fintech funding round-up: 24 April 2017

funding

The latest fintech funding round-up featuring Token, Ongo, National Bank of Canada (NBC) and a bunch of venture capitalist firms.

White paper: preparing for PSD2 – the role for data and the future for banking

Datastax

The implementation of the updated Payment Services Directive (PSD2) will affect banking institutions of all sizes, opening up financial services and payments markets to new competitors and service providers. Download this free white paper to be ready!

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