Author: PayX News

Open Banking in Australia – An Open Forum

Project deadlines that span a year or two aren’t usually nerve-racking. But, when it means making a significant change to your business strategy, internal systems and technology infrastructure, it can become a head scratcher.

Adventures in Open Banking: Understanding OAuth and OpenID Client Ecosystems

Pamela Dingle, Director of Identity Standards, Microsoft What happens when you need to create an open API ecosystem with robust security requirements

Why did ForgeRock build a model bank for testing open banking APIs?

Digital identity management specialist ForgeRock clearly sees the new open banking regulations popping up across the UK, Europe and New Zealand as a huge opportunity.

Open Banking driven forward by data-sharing youth, UK study shows | The Paypers

UK-based financial services consultant Altus has issued a survey revealing a higher rate of openness towards open banking among the young generation.

Open Banking Gains International Attention

As the open banking wave spreads, Deposit Solutions announced it raised $100 million in venture capital, and Equifax formed an alliance with consents.online.

Most Australians in the dark about open banking

New statistics have revealed that open banking remains largely unknown to the wider Australian population – and 2 in 3 are not open to sharing their data, anyway.

Konsentus launches PSD2 open banking sandbox | RegTech Analyst

UK-based Konsentus has launched its FinTech sandbox to help financial institutions with PSD2 open banking compliance. 

How to Implement Secure APIs in an Open Banking Partnership Part 1 – Strong Customer Authentication

Open Banking consultant and trainer Jon Scheele continues a series of articles on how financial institutions and FinTechs can implement new technologies in the European Union (EU) regulatory landscape…

Addressing the differences between Open Banking and PSD2

By Marcus Hughes, Director of Business Development, Bottomline Technologies In January, we saw the launch of the European Union’s Second Payment Services Directive (PSD2) and the UK’s own Open Bank……

Can the U.K.’s major banks do more to embrace open banking?

Seven months have passed since the U.K.’s biggest banks were mandated to release open APIs for their customers’ account information under Open Banking and European Union PSD2 regulation. The process was completed by mid-April, but it fell short of creating a truly open system for data sharing.