The third and final part of our fintech series looks at the battle between innovation and regulation in the fintech space…
After reading about how Open Banking is opening up access to customers’ account and transaction data you may well have a great idea for a product you want to launch.
The Open Banking initiative means banks have now started to offer certain tools and data packages to third parties powered by APIs and fintechs….
THE POTENTIAL of Open Banking is both huge and largely untapped so the onus is on peer-to-peer lenders to capitalise on it in order to attract new customers, give more services to existing customers and grow their businesses.
UK-based regtech solutions provider Konsentus has unleashed its fintech sandbox to help financial institutions (FIs) with PSD2 open banking compliance. The firm calls it “Europe’s first [third party provider] TPP regulatory checking sandbox”.
Open banking provides a roadmap for banks to securely share customer data with apps, competitors, and others. Learn what to expect.