Operators of financial technology (fintech) companies and banks have urged the Central Bank of Nigeria (CBN) be more innovative in designing the framework for open banking in the country.
Speaking recently at the KPMG Cyber Security Roundtable in Lagos, the Director, Banking and Payments System Department, Dipo Fatokun, said the central bank would soon make public, an exposure draft on open banking in the country.
Banking is experiencing a period of dramatic digital change as it enters the world of open APIs, driven by customer needs and initiated by PSD2 regulation. This gives you the opportunity to create multi-banking solutions, through new sales and marketing channels, that increase business volumes and help establish new commercial models. Through the Tieto Financial Aggregation Hub, we help you every step of the way to create an open banking strategy.
Banks will soon have to comply with the Revised Payment Service Directive, commonly called “PSD2.” The directive will introduce massive changes to the payments industry and radically alter the user experience for customers of European banks by allowing third party payment service providers (TPP)…
Nordea has extended Open Banking to Sweden, giving developers the possibility to begin building applications designed for both Finnish and Swedish customers.
Less than 9 months after PSD2 came into effect, financial services are evolving in new ways that impact our concept of identity. Listen as Head of Technology for Open Banking Chris Michael talks about the current state of open banking, the challenges ahead, and the trends he sees in the space.
Xero has already worked with more than 180 financial institutions globally on banking data integrations.
Barclays is looking to turn Open Banking to its advantage.
Big banks are often pitched as the victims of the new framework, which has been live since the start of the year. The rules force the UK’s biggest banks to allow third parties to tap into their vast reserves of customer data, with the proviso that permission must be granted by the customer in question.
The PSD2 and Open Banking Biometric Authentication market research offers a comprehensive analysis of the market which bring out the complete understandings of the industry, the report objectives to deliver an opportunity for companies to recognize the modern trends, present PSD2 and Open Banking Biometric Authentication market situation, government initiatives, and technologies related to the market.
Cobase is a multibank platform that helps international customers in handling different bank accounts by providing payments, cash management and treasury services, all in one place. ING Ventures, The post ING Ventures invests in open banking platform Cobase appeared first on Compelo Banking.