In October 2018, MoneyLIVE and the Chartered Banker Institute conducted a survey on over 600 senior figures across the banking sector. The report based on the survey talked about how the emergence of new and progressive startups is challenging traditional banking...
The Revised Payment Services Directive has been working on to build a framework for the Third Party Providers like PISP (Payment Initiation Service Provider) and AISP (Account Information Service Provider) to develop services on top of bank’s data. Open Banking under PSD2 has made it all possible with bringing the focus on access to the account. As a result, banks will not be the only ones with information about transactions, customer’s banking history, as well as his financial position.
With open banking leading the way, large banks, financial institutions, and aspiring third party providers are preparing to redefine the financial services. They will produce more personalized products and services catering to the financial needs of the consumers....
The vast growth of data and technological advancements have significantly transformed the way industries operate and compete. Today, businesses in the finance industry are continuously adopting data-driven approaches to amplify investment decisions and attain...
Open banking has gained momentum in the global banking industry. Banks and Fintechs are adopting the new approach to revolutionize services quicker than ever before – keeping customer needs as the focal point. As banks and financial institutions across Europe are...
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