Wijnand Machielse and Ortwin Scheja, part of the team that edits and moderates Berlin Group activities, have agreed to share with The Paypers their take on the latest updates of a post-PSD2 European open banking scene. What is the pulse of the market right now, post-PSD2 deadline? How do you feel the European banking and the TPP ecosystems have handled the deadline? Although the majority of TPPs were rather late in starting to test […]
While it may seem like integrating new APIs is a tug of war between banks and third party providers (TPPs), the end result is important for end users. With every connected API, Salt Edge creates more opportunities for TPPs that want to offer their customers useful services with a great taste of open banking. „For now, there is a big number to celebrate for Salt Edge – 600+ PSD2 connections […]
The Economist Intelligence Unit (EIU), on behalf of Temenos, surveyed 405 global banking executives on the changes they see taking place in their industry to 2020 and 2025, their organizational response, and the longer-term impact on their strategic development. This focuses on how these retail banks are incorporating and advancing technology delivery for their current and future customers. Key highlights include: # Open banking is seen as a true opportunity; […]
Open Banking Europe (OBE) announced the launch of the OBE PSD2 Transparency Directory, which will contain information about PSD2 and Open Banking application programming interfaces (APIs). The directory meets the need of third-party providers (TPPs) and account-servicing payment service providers (ASPSPs) for a repository storing all key information on these APIs in one single place . Without such a central directory, TPPs and ASPSPs would have to go to the […]
Banks must collaborate with start-ups to remain relevant as the financial ecosystem evolves from ‘Open Banking[1]’ to ‘Open X[2]’ Retail banks are struggling to deliver a positive last-mile experience[3] as customers demand more comprehensive and personalized banking, according to the World Retail Banking Report (WRBR) published today by Capgemini and Efma. “In an era of rising consumer expectations, banks are challenged to offer their customers a consistent engaging experience across all channels – branch, web and […]