PSD2RSS

Nordea preps for PSD2 with open banking portal

Nordea

Nordea has released the first version of its open banking portal targeted towards external developers, as it gets ready for the Payment Services Directive (PSD2) requirements. Currently the site has “limited functionality” but unspecified pilot activities will be conducted through the portal during 2017, in advance of a full launch in Q1 2018. Jarkko Turunen, […]

PSD2 and the future of payments

Jacqui Hatfield, Reed Smith

Banks need to do more than just comply with the upcoming revised Directive on Payment Services (PSD2). To survive, banks will need to embrace these changes.

Fintechs making strides in PSD2

Fintechs making strides

In November last year, German fintech firm figo completed a financing round that totalled €6.8 million. Figo has developed a banking application programming interface (API) and various products and services related to the Payment Services Directive 2 (PSD2). It is just one of the many fintech firms that are poised to grab the considerable opportunities that PSD2 opens.

PSD2: Who wins?

Conor Ogle, Sapient

I was recently asked who the biggest winner would be to emerge post-PSD2, the banks or the fintech firms. If we ignore for a moment that the biggest winners are clearly you and I, the end consumer of these services, it did reveal an interesting thought process and dynamic at play.

Fidor teams with Token for digital payments

Fidor

Token, a Silicon Valley-based crypto-payment software provider, and digital bank Fidor have signed a memorandum of understanding (MoU) for digital payments. The MoU will see Token’s software made available within Fidor OS, its digital banking and open community middleware solution. Steve Kirsch, founder and CEO of Token, says its software enables banks to “call the […]

Banking Technology Dec 2016 / Jan 2017 issue out now

Banking Technology Dec16-Jan17

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Configo launches site to aggregate banks’ API portals

API

Fintech start-up Configo has launched a project to aggregate the API portals launched by financial players around the world. It is not commercial driven but is “just a small project to put everything in order”, says Yosi Dahan, co-founder and CEO of Configo.

PSD2: 5,000 banks, 15 months and lots of work to do

time is running out

In a mere 15 months, approximately 5,000 financial institutions across Europe will be required to provide open access to customer, transaction and payment information via APIs. “This is a massive amount of work,” said James Whittle, director of industry policy for Payments UK, the representative body for the country’s payments industry, speaking at the EBAday […]

The global economy, brought to you by APIs

Roberto Medrano, Akana

The Brexit unrest aside, Europe is taking initiatives to make a sounder, more user-friendly economic landscape. By using technology solutions and digital innovation, the European Union (EU) is encouraging greater transparency, usability and higher standards of security for all manner of web-based banking and financial transactions. Irrespective of any governmental re-organisation, and the trickled-down impact […]

Open banking APIs will require a rulebook to ensure “good outcome”

UK flag

Efforts to develop standards for banks to provide third-party access to customer account information are at risk of fragmentation under pressure from tight deadlines, a lack of clarity about the technical requirements and competing domestic proposals. At a conference in London last week arranged by industry body Payments UK, delegates heard that this will lead […]

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