PSD₂ and Open Banking catalysts for launch of Africa’s first financial graph

Since PSD₂ came into effect in January 2018, the world’s traditional banks have been irrevocably impacted. By opening up access to consumers’ financial data, previously owned exclusively by the banks, the new regulation allows fintech start-ups to legally access this data, once consumers have opted-in, and offer banking-type services – without needing a bank to do so. This has allowed more players to enter the market under regulatory supervision.

Experian secures FCA accreditation to supply Open Banking and PSD2 services

The UK’s largest credit reference agency, Experian, can now offer Open Banking and PSD2 (Payment Services Directive 2) services to enable the exchange of bank account information between people and organisations. The FCA has given it permission to operate as an Account Information Services Provider (AISP).

Open banking herds uk banks towards psd2 with confluence

If you thought herding cats was difficult, try herding bankers. That’s the task facing Open Banking , the non-profit organization set up in the UK

PSD2 and Open Banking – How to tackle fraud | Synectics Solutions Ltd

PSD2: With the new regulations of the Payment Services Directive (PSD2) in force as of January 2018, consumers and businesses will be increasingly able to benefit from cheaper, safer and more innovative in person and online payments across European markets. 

How Smaller Financial Services Firms Win With Open Banking

Open banking may become a significant game changers for small and midsize financial services firms as they deliver innovative, data-intensive offerings.

80 Percent of Merchants, Retail Banks and Billing Organizations Favor Real-Time Payments and Open Banking, Up Significantly Since Last Year 

New benchmark data, “2018 Global Payments Insight Survey: Cross-Vertical,” from ACI Worldwide (NASDAQ: ACIW) and Ovum reveals that 86 percent of banks, 82 percent of billing organizations and 78 percent of merchants expect to see improvements in their customer service as a result of real-time payments. Comprised of responses from executives across the merchant, digital goods, hospitality, telecom and travel sectors, the benchmark also revealed that 51 percent of all merchants, billing organizations and retail banks will increase their IT budgets for payments-related projects in 2018.

Xero teams up with Citi for Open Banking system

Xero has announce a new partnership with Citi to take another step forward towards an open banking system.
Citi has been a leading advocate for open banking with its open-source tool Citi® Developer Hub designed to integrate with fintech companies and consumer brands to create new experiences for their customers globally.

Open Banking 2.0: Why Everything is Changing

In the latest Rebank podcast, Louise Beaumont, Co-Chair of techUK‘s Open Banking & Payments Working Group and a member of the Open Banking Implementation Entitiy Working Group, Megan Caywood, Chief Platform Officer at Starling Bank, a UK digital bank differentiating through Open Banking, and Jamie Campbell, Head of Awareness at Bud, a fintech leveraging Open Banking to create new revenue streams for banks talked to Will Beeson.

Open Banking set to revolutionise the way consumers handle money, finds Network Research

A new study conducted by Network Research shows that Open Banking has the potential to revolutionise the way consumers handle money, but more needs to be done by emerging fintech businesses to establish trust.

Digital Open Banking – A Millennial’s View

One of the trends we’ve seen recently is the rapidly shifting digital banking landscape and the focus on serving the tech savvy millennial generation. My personal experiences navigating our current financial system have formed my views on digital banking and beyond.