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Open banking: risk and opportunity

The imminent open banking scheme presents huge opportunities for Australian FinTechs, but comes with some very real risks, SocietyOne CEO Mark Jones said.

Tieto Open Banking Ecosystem | Tieto

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. 

Prepare for PSD2 with Strong Customer Authentication, Fraud Risk Management and Open Banking APIs

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 launches Open Banking in Sweden | The Paypers

Nordea has extended Open Banking to Sweden, giving developers the possibility to begin building applications designed for both Finnish and Swedish customers.

Open Banking and Identity: Chris Michael Talks Current State, Trends and the Future

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 to launch open banking API | Networks Asia | Asia’s Source for Enterprise Network Knowledge

Xero has already worked with more than 180 financial institutions globally on banking data integrations.

Six million Barclays customers to get access to new Open Banking feature – AltFi News

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.

Global PSD2 and Open Banking Biometric Authentication Market 2018: Global Industry Analysis, Research Forecast, Analysis and Supply Demand Report 2025 – CryptoNomists

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. 

ING Ventures invests in open banking platform Cobase

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.

U.S. way behind the curve on open banking #BANKTREASON

BankThink – U.S. way behind the curve on open banking. Across North America, policymakers, fintech companies, and financial services firms are finally beginning an earnest dialogue about open banking. The Senate Banking Committee recently touched on the issue at a Sept. 18 hearing — one of the first official discussions in the halls of Congress.