On The Web

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Business Function

How digital banks are raising the bar for customer experience

March 21 2018

• in
• Fintech
• PSD2

“Digital-only challenger banks have changed customer expectations, including customer service and how customers want to use financial products. Big banks are taking notice, with companies developing sub-brands to hook younger, digital-savvy customers or others — the most recent of which is rumored to be the Royal Bank of Scotland.”

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Regulation

What PSD2 and open banking means for financial services in 2018

March 7 2018

• in
• PSD2

“In 2018, the financial services industry will undergo a transformation that will fundamentally change the relationship between consumers and retail banks. By giving consumers the choice of new direct-to-account payment methods and the ability to share their transaction data more freely with third parties, the EU’s Second Payment Services Directive (PSD2) and its UK implementation, ‘open banking’, […]

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Global

Speed, safety, and savings in direct payments

March 21 2018

• in
• Europe
• PSD2

“PSD2 will create opportunities for new forms of payment. IATA is investigating how this could be applied to payments by passengers: both direct to the airline and indirectly via travel agents. The potential prize is huge. Globally airlines absorb more than $8 billion in costs for merchant fees and fraud.”

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Regulation

PSD2 open banking: the ticking time bomb for EU Financial Institutions

April 4 2018

• in
• PSD2

“The clock is ticking. The overall idea behind PSD2 open banking is not new. Yodlee and others have for a while aggregated accounts, and they have done this through a process known as screen scraping.  Now though the world is changing and radically, writes Brendan Jones”

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Regulation

PSD2 opens up bank accounts to third parties. What could possibly go wrong?

April 12 2018

• in
• PSD2

“PSD2 is rolling out open banking across the EU and beyond, giving third parties access to bank account data. Here are six reasons things won’t go smoothly.”

On The Wires

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Regulation

Transakt Judged PSD2 Compliant for Strong Customer Authentication

April 12 2018

• in
• Authentication
• PSD2

“Entersekt, a leader in next-generation digital banking security, today announced that its mobile app security and authentication product Transakt has been endorsed by a key European consultancy as a “state of the art solution” to the European Banking Authority’s Regulatory Technical Standards (RTS) on strong customer authentication under PSD2. These specifications define the enhanced security […]