Open Banking in the UK: What has changed so far

Since January 2018, when the UK embarked on its open banking experiment, we have heard a lot about it. Now the regulation is almost two years old, we believe that there have been visible changes in the financial landscape, especially for big banks and firms willing to...

How will Open Banking impact the market for lending

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....

Why Hyperledger Fabric will Win Against R3 Corda and Quorum?

Blockchain as an emerging technology has not yet reached the ground level and yet the disruptive technology has seen five generations. While the first two generations, Bitcoin and Ethereum were public, permissionless blockchains, Hyperledger Fabric, Corda and Quorum are private and permissioned blockchains. Why this paradigm shift in technology when it was aimed to be…

How Big Data can benefit the finance industry

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 demands customer-centric approach for banks and TPPs

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...

PSD2 to push transformation of customer experience in banking

Today’s customers want personalized interactions, easy access to their money, and simplified processes when it comes to banking services. A customer’s banking journey ranges from onboarding to transacting and account maintenance. With the increasing demand for...

How PSD2 is a massive opportunity for online merchants

PSD2 is coming into force on this 14th September to set standards for fraud prevention, data usage, and transparent online payments across the EU. The idea behind the directive is to safeguard online transactions, unify the payment system, as well as promote new and...

Real-time payments and PSD2 to drive payment innovation

We live in a world of constant change and increasing speed is the cornerstone for all the services. Disruptive technologies – mobile, cloud, and APIs – have greatly empowered customers who demand convenience, speed, and personalization in the services they get....

Blockchain-based payments to boost cross-border remittance

Remittance pay market plays a significant role in the economic growth of billions of people around the world, especially in developing countries. According to a report by the World Bank, the total value of global digital remittance industry reached $613 billion in...

5 ways lenders can enhance operations with real-time bank data

Today, instant accessibility of financial services has become a major requirement for customers. They want banks and Fintech firms to offer financial services tailored to their need and preferences. The industry has been witnessing changes on similar lines where...
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