Category: PSD2

Open banking is just the start

There are advantages in avoiding the bleeding edge of regulatory reform. This is the case in the Australian government’s drive toward an open banking regime – and by extension, open data regulatory philosophies more generally.

Open Banking and the FinTech revolution – making your life easier

The Open Banking initiative is the driving force behind a new wave FinTech innovation…

Why open banking can be real wealth catalyst

InvestorCOM says it can provide link from financial institutions to clients via advisors…

Open Banking – the potential for the bank of the future

How digital are Swiss millennials and what do they expect from their bank? In this report you will get insights into the banking behaviour and expectations of today’s millennials and the potential that lies in Open Banking.

Why ForgeRock built a simulated bank for testing open banking APIs – Reseller News

Fintechs already using ForgeRock’s sandbox to simulate connecting to a real bank via the new open banking APIs as a way to supercharge their integration journey…

Big six come under fire for slow take-up of Open Banking rules

Britain’s big lenders have been criticised for their slow take-up of so-called “Open Banking” reforms designed to spark a digital revolution in banking. The rules kicked in at the start of the year to make it easier for people to move their financial data to rival service providers. They are being enforced on big lenders by the Competition and Markets Authority (CMA) to encourage switching.

Potential Threats of Open Banking

For most of their history, banks have had complete control and security over the sensitive data that they have been entrusted with and the systems of how they transfer this data.

Business Savings Blog | August 2018 – The future of banking – does Open Banking herald a golden era for specialist banks

The UK banking and financial services industry as a whole has undergone significant change in the last 10 years – the financial crisis was a watershed moment and according to regulators and politicians heralded a new dawn for banks.

Open Banking; not just for banks

So far, open banking discussion has focused on open banks; but the PSD2 requirement also extends to payment institutions and e-money institutions that offer online payment accounts. This article explores the options available to payment and e-money institutions – smart phone or old Nokia?

PSD2 compliance open-banking capabilities for digital financial solutions using key WSO2 technologies

Developing PSD2 compliance and strengthening open-banking capabilities for a major digital financial solutions provider using key WSO2 technologies…