The current economic environment is highly competitive and fast changing. Fintech or financial technology has a massive potential to innovate the environment and enable the development of new products and services. While innovation is poised to bring new business...
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European lending business took a major hit in the wake of 2008 financial crisis. The regulations became stringent and banks became the only source to offer credit. Now, a decade later the economy has started to rise and small and medium enterprises (SMEs) became the...
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2018 has proved to be the game-changer for the European financial market. As PSD2 (Revised Payment Service Directive) was implemented, banks monopoly on consumer account information and payments is soon going to go away. PSD2 is going to enable banks, lenders as...
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Open Banking is highly considered to be transformational for the UK banking industry. Many banks and financial organizations are acknowledging benefits and opportunities with open banking. As conventional banking models are evolving, newer ways to acquire customers,...
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As Open Banking is moving at its rapid pace, most of the banks worldwide are planning to adopt open APIs and PSD2. Around the world, the industry has started recognizing Open Banking as the world-changing financial service. Open Banking stands to benefit the end user...
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The concept of putting consumers at the center of the business strategy has been well-known for years. Many companies and organizations have adopted this concept to gain a competitive edge. Banks have been major players utilizing this concept resulting in the rise of...
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