Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA). The rise of digital services should help established and newcomer providers reach more people, including across borders, says the EBA in a report developed under its Fintech Roadmap. However, concludes the report, the promise is not being fully realised within the EU, in part […]
Gartner, Inc. today revealed its top strategic predictions for 2020 and beyond. Gartner’s top predictions examine how the human condition is being challenged as technology creates varied and ever-changing expectations of humans. “Technology is changing the notion of what it means to be human,” said Daryl Plummer, distinguished vice president and Gartner Fellow. “As workers and citizens see technology as an enhancement of their abilities, the human condition changes as well. CIOs in […]
The European Banking Authority (EBA) published today an Opinion on the deadline for the migration to SCA under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. The Opinion sets the deadline to 31 December 2020 and prescribes the expected actions to be taken during the migration period. Today’s Opinion also recommends national competent authorities (NCAs) to take a consistent approach toward the SCA migration period across the EU and […]
Under the slogan „compliance alone is a losing strategy”, the 2019 edition of Banking 4.0 will be focused on the new emerging technologies that will change the financial services market and banking industry in the coming years: AI, blockchain, machine learning, robotic process automation (RPA) and instant payments, to name just a few. Who can possibly knows better then Brett King, the author of best seller book Bank 4.0, how […]
At this moment, when a series of central banks and competent national authorities have introduced a transitional phase and new terms for PSD2 compliance, from the perspective of strong customer authentication (SCA) in the online environment, the market needs guidance and answers to a series of questions. At Banking 4.0, The European Banking Authority (EBA) will open the panel dedicated to regulatory authorities and relevant industry associations, with a keynote […]
Monese has provided basic banking on smartphones since 2015. It gives people in the UK and abroad a chance to experience streamlined, modern finance. Besides being completely mobile cand making your money accessible on the go, Monese takes mobility a step further than the rest, allowing customers to create an account without a UK address. This feature is what makes Monese unique: the ability for anyone to open an account […]
Deloitte Romania and FintechOS concluded a strategic partnership that offers innovative solutions to financial institutions, in order to accelerate digital transformation and automate business processes. FintechOS is a TaaS (Technology as a Service). It allows banks and insurance companies to redefine their customer experience by offering them a complete digital journey through intelligent automation of digital processes, thus creating hyper-personalized products and experiences for each individual client. “Inspired by Deloitte’s […]
Cross-functional loyalty solution from Wirecard is the first digital wallet which links payment and loyalty. Wirecard, the global innovation leader for digital financial technology, continues to expand its value added services portfolio with the launch of its fully-digital multi-merchant loyalty solution. With an unique B2B2C approach, the solution supports companies looking to globally expand their operations and tap into new industry sectors. „By linking loyalty and payment services within a […]
After developing one of the leading European Open Banking platforms allowing banks to smoothly comply with the PSD2 regulation, LUXHUB unveils LUXHUB One, „a fast and simple solution for banks and third-party providers to leverage Open Banking without experiencing the amount of work involved to implement fragmented APIs.”, according to the press release. LUXHUB One represents an integration layer that allows access to any financial institution via a unified API, […]