Nocashevents LUXHUB, Luxembourg’s open banking pioneer, granted AISP/PISP status. The company is coming to Banking 4.0

LUXHUB, Luxembourg’s open banking pioneer, granted AISP/PISP status. The company is coming to Banking 4.0

LUXHUB announced that it has successfully obtained both AISP (Account Information Service Provider) and PISP (Payment Initiation Service Provider) licenses – becoming Luxembourg’s first 360-degree Open Banking provider. The new licenses will enable the award-winning Fintech to extend Open Banking solutions to all actors in the economy, beyond the financial sector. Founded in 2018, with the mission of providing banks with a mutualized solution for PSD2 compliance, LUXHUB has since […]

Nocashevents Although open banking is more popular than ever, European financial institutions say it may take over a decade to complete open banking objectives

Although open banking is more popular than ever, European financial institutions say it may take over a decade to complete open banking objectives

Tink survey of financial executives shows open banking is more popular than ever. The share of executives feeling positive towards open banking increased from 55% in 2019 to 71% in 2021. More importantly, it is now widely considered a higher priority area with 8 out of 10 financial executives (83%) saying that it represents a revolution (rather than an evolution) for the industry. In spite of growing positivity, the complete […]

Nocashevents Open banking is the perfect alternative to micro-deposits, Nordigen says

Open banking is the perfect alternative to micro-deposits, Nordigen says

Micro-deposits have long been used as the main method for bank account ownership verification and customer identification. The process works by transferring small amounts of money to or from a bank account to verify that a person owns this account.  Even though the process is simple, it’s far from ideal, especially considering the alternatives currently available. Micro-deposits can work in two ways: when a company makes a transfer to a […]

Nocashevents Salt Edge report: State of open banking payments in Europe in 2021. The report will be discussed at international fintech conference Banking 4.0.

Salt Edge report: State of open banking payments in Europe in 2021. The report will be discussed at international fintech conference Banking 4.0.

Today we mark two years since PSD2 went, at least was supposed to, into full power across Europe and in the UK, on September 14, 2019. And as a tradition already, this year we’ve thoroughly analysed the performance of 2500 PSD2 APIs in 31 European countries, and the overall open banking journey they offer – both for a third party and an end-customer, and compiled the identified insights into a report. […]

Nocashevents The EPC appointed Sopra Steria Group as homologation body for the SRTP scheme

The EPC appointed Sopra Steria Group as homologation body for the SRTP scheme

As part of the launch of the new SEPA  Request-to-Pay (SRTP) scheme and following the publication of its first rulebook on 30 November 2020 and of a dedicated Request for Proposal (RfP), the European Payments Council (EPC) selected the homologation body to which the EPC outsources the homologation of applicants to the SRTP scheme. The Sopra Steria Group and its subsidiary Galitt are the Homologation Body officially mandated by the EPC for the new SRTP scheme. The Sopra Steria Group and Galitt will act as the independent homologation body […]

Nocashevents Mastercard acquires a cryptocurrency intelligence company. „Digital assets have the potential to reimagine commerce” – Mastercard’s president says.

Mastercard acquires a cryptocurrency intelligence company. „Digital assets have the potential to reimagine commerce” – Mastercard’s president says.

Mastercard will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. As digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities — from the way people pay and get paid to how they invest — trust and security will be critical enablers to ensure broad adoption and […]

Nocashevents BNPL ecosystem – An Italian rival of Klarna raises $155m in Europe’s largest ever equity funding round

BNPL ecosystem – An Italian rival of Klarna raises $155m in Europe’s largest ever equity funding round

Buy now and pay later (BNPL) start-up, Scalapay, today announced that it has raised $155 million in equity funding as part of its Series A investment round – „the largest round ever raised in Europe” according to Finextra. The latest funding round brings the total amount raised by the firm to $203M in the two years since its launch. It’s already been a big week for BNPL — Revolut announced it was dipping […]

Nocashevents Google Pay is now available directly through Google, not just through banks or other payment processors

Google Pay is now available directly through Google, not just through banks or other payment processors

GPay app is now finally available in Play Store in 9 more EU markets: Austria, Belgium, Estonia, Greece, Hungary, Latvia, Lithuania, Portugal and Romania! „It means you can now easily switch between payment methods, add loyalty cards, boarding passes, event tickets and many more objects directly to your phone!,” says Mikhail Strunkin, EMEA Strategic Partner Development Manager, GPay at Google. „And of course now you can have full experience with GPay on […]

Nocashevents Mastercard expands open banking reach in Europe with acquisition of a new specialized platform, the third in two years

Mastercard expands open banking reach in Europe with acquisition of a new specialized platform, the third in two years

Mastercard today announced it has entered into an agreement to acquire Aiia, an European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play.. Aiia is a licensed Payment Initiation Service Provider (PISP) and Account Information Service Provider (AISP) and operates under the supervision of the Danish Financial Supervisory Authority […]

Nocashevents Project Dunbar: international settlements using multi-CBDCs

Project Dunbar: international settlements using multi-CBDCs

Project Dunbar will develop prototypes for shared platforms that will enable international settlements with digital currencies issued by multiple central banks. System aims to allow direct transactions between institutions, reducing costs and increasing speed. The Bank for International Settlements Innovation Hub, the Reserve Bank of Australia, Bank Negara Malaysia, Monetary Authority of Singapore, and South African Reserve Bank will join forces to test the use of central bank digital currencies (CBDCs) […]