Author: PayX News

Register Now For 10% Discount At MPE Berlin 2019, Feb 19-21

MPE2019 is the Europe’s largest merchant payments conference & exhibition connects 1000+ attendees from merchants, acquirers, PSPs, payment processors & solution providers and FinTechs from 40+ countries. Get 10% off when you register using our exclusive PayX discount code To apply the discount please enter

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Payments Events 2019

Payment Asia                                     10-11 January 2019 Shanghai, China Paris FinTech Forum                                            29-30 January 2019        Paris, France Payments Forum                                                                              12-13 February 2019   

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IDC: open banking to change financial services in Malaysia | FinTech | Enterprise Innovation

Open banking is finally coming to Southeast Asia’s banking industry says IDC. The analyst says the industry must be bold in their approach to reconfigure technological and policy infrastructure.

Does Open Banking mean open house for fraudsters? – Temenos

Does Open Banking mean open house for fraudsters? Open Banking has come a long way since we all explored it at Sibos last year. But are banks really able to fully protect their customers when it comes to Open Banking?

Open Banking goes live in Sweden

Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea.
Nordea’s Open Banking platform was launched at the end of 2017 when Finnish customer data was made available to third party developers. Nordea was one of the first banks in Europe to see the potential opportunities offered by PSD2 (Payment Services Directive) regulations which require banks to open up to third parties to offer services to account holders. Since the launch of Open Banking, more than 2500 developers have registered to test Nordea’s APIs.

Global PSD2 and Open Banking Biometric Authentication Market Production, Revenue, Price and Gross Margin, Industry Analysis and Forecast by 2025 – Z Herald

The PSD2 and Open Banking Biometric Authentication Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and PSD2 and Open Banking Biometric Authentication market recent progressions. 

Priviti launches in Australia ahead of new Open Banking regime | The Paypers

Ireland-based fintech Priviti has launched in Australia as the country prepares for new Open Banking legislation and the Consumer Data Right.

Open Banking shouldn’t be written off, the revolution is just starting – FinTech Futures –

January 2018 saw the arrival of Open Banking, landmark legislation that hands ownership of financial account information and data from the bank or building society to the customer. Six months into what was heralded as the start of a revolution in financial services, slow implementation by banks and building societies has prompted criticism that the initiative is more hype than about structural improvement. Yet, this ignores the fact we are at the very start of the journey, and realising the benefits that Open Banking will deliver to customers, providers, regulators and our economy as a whole, will take time.

Open banking will start a revolution, but it is taking its time

Born in a sea of hype on January 13, has so far fallen short of delivering the promised financial revolution. We have yet to see any “killer apps”, dramatic changes in consumer behaviour, sudden doses of competition or tectonic shifts in the UK banking market.
Mandated by the Competition and Markets Authority (CMA), open banking forces the UK’s biggest banks to share their data securely with approved third parties in areas including account information and payments, using a statutory set of application programming interfaces (APIs).