Tag: Open banking
Digital Transformation: The Future is Open for Commercial Banks: Part 1
Are traditional banks getting their money’s worth from the US$1 trillion they have invested in digital transformation over the past three years? Depends, says Accenture, whose recent analysis of 161 large retail and commercial banks...
The World is Watching: PSD2 and Open Banking Drive Innovation in Payments
With the introduction of Open Banking and PSD2 in the UK and Europe, the world is watching to see how organizations create new approaches to securely manage and share bank account information. There are two...
One Year In: Who Has Capitalised on Open Banking Opportunities
Open banking opportunities — happening slowly but surely Well, it’s finally here, isn’t it? After a few years of industry debate over the finer points of the 2nd Payment Services Directive (PSD2), an implementation date...
FAQs about Open Banking and PSD2
It’s no secret that the global payments landscape is in a state of flux. This is particularly true in the UK and European Union where all eyes are watching the roll out of two initiatives...
Understanding the new payments architecture
PSR, PSF, SPP, TPSP, NPSO*… since the inception of Open Banking it’s as though the payments industry has become a veritable alphabet soup of acronyms as organizations are created to control all of the changes...
Everything You Need to Know About Open Banking, PSD2 and Other Changes in the UK Payments Landscape
There’s no doubt that initiatives like Open Banking, PSD2 and others are transforming the way businesses pay and get paid. We’re experiencing a time of radical change in the payments landscape. It’s an exciting time...
Open Banking’s impact on the payments industry
Simon Chan, Associate Director and Global Lead of Emerge at Edelman It’s been more than 8 months since the go-live date of the UK’s Open Banking initiative. But has Open Banking’s impact on the payments...
Understanding the difference between Open Banking and PSD2
What is the difference between Open Banking and PSD2? The terms often seem to be used interchangeably, but are they? This article gives a high level overview of how Open Banking and PSD2 differ.
Benefits of Open Banking: How it Helps Small-Mid-sized Businesses Improve Cash Visibility and Transaction Reporting
Open Banking in the UK got really interesting as of January 13, 2018. If you are an individual or small-mid-sized business (SMB) with an account at one of the largest 9 UK banks, you can...
Open Banking and PSD2 in the History of European Payments
What significance will January 13th, 2018 -- the day Open Banking and PSD2 became a reality in the U.K. -- have on the history of payments? Surely it will someday have a place in the...