How can banks endure radical changes under PSD2?
The Revised Payment Services Directive or PSD2 is amongst the most progressive legislations aimed at revolutionizing the payments and the banking industry. The directive strongly focuses on emphasizing payment security, innovation, and market competition. It also aims...
Top 7 trends driving digital transformation in banking (I)
‘Technological innovation’ – these two words are so imbibed in our day-to-day life that we have almost forgotten how we used to live without mobile phones or internet or even online banking. We take it as a joke that the banking services were limited to a brick and mortar building which we called ‘bank’ within a time-period of 9 a.m. to 4 p.m. There settlements would take multiple days to clear, the day-to-day transactions were cut-off mid-afternoon and there used to be batch processing.
Alternative finance to go mainstream?
In 2017, the alternative finance market grew by 36 percent to reach €10.44 billion. The growth seemed most prominent in the UK witnessing the overall market rise of a massive 68 percent, followed by France, Germany and the Netherlands. Despite the effect of Brexit on...
Libra: Facebook coin to balance the world of cryptocurrency
For the last one and half year, it was brewing that Facebook is soon going to roll out its own cryptocurrency. The project codenamed as ‘Libra’ could begin a new era of commerce and payments for the social media giant. When launched, Facebook coin is going to allow the users to send money to friends and relatives from its messaging platform, Whatsapp.
