„From PSD2 to Open Finance that actually works” is the theme of the keynote speech that Arturo Gonzales Mac Dowell will deliver at international digital banking conference Banking 4.0, on 25 November. „When the EU drafted PSD2, it stepped into unchartered territory. Unregulated open banking had existed since the very late 90’s in the US, and from the early 2000’s in the EU. However, regulating some aspects of open banking […]
„How bank’s business and operating models will change” is the theme of the keynote speech that Anders Olofsson, Head of of payments at Finastra, wil deliver at Banking 4.0, on 26 November. „I will be talking about the finance mega trends and how these will be forcing banks to transform their business model and how their operating model will be impacted by new concepts such as banking as a service,” […]
Framework assesses security and efficiency of electronic payments, including electronic wallets and crypto-asset-related services. ECB calls for swift progress on overseeing global digital payment solutions and stablecoins. The ECB’s Governing Council has approved a new oversight framework for electronic payments following a public consultation. The framework is designed to make the current and future payments ecosystem safer and more efficient, as part of the ECB’s statutory task to promote the […]
The future of the payments landscape is hard to predict. Will account-to-account payments replace traditional card rails? Will central bank digital currencies (CBDCs) replace the role of payment intermediaries? What new use cases will this unlock for merchants? Only time will tell how far these innovations go, but the cost of inaction is likely to increase due to the simple fact that if payment providers don’t innovate, new global fintechs […]
OneSpan’s second annual Global Financial Regulations Report reveals coming regulations aimed at digital currencies and securing digital economies OneSpan, the global leader in digital banking security and e-signatures, today released its second annual Global Financial Regulations Report. In conjunction with comprehensive research into how the changing regulatory landscape is impacting the banking community, this year’s report also reveals how financial institutions are responding to new challenges presented by increasingly innovative […]
In a Europe-first implementation in partnership with Netcetera, the FIDO authentication standard for payments was recently instituted at PLUSCARD, a full-service processor for numerous card-issuing institutions throughout Germany. The solution, developed over several months, enabled secure, unrestricted card payments on the internet without needing a mobile device for mandatory two-factor authentication. The need for app-free strong customer authentication Since 2019, Entersekt had been engaged in talks with long-standing partner PLUSCARD […]
Finastra today announced the introduction of new anti-money laundering (AML) compliance capabilities integrated with its Fusion Global PAYplus core payments solution, via Fincom.co and the FusionFabric.cloud open developer platform. „Banks can tap into the Fincom.co AML screening app to access real-time compliance screening functions in line with regulatory requirements, which only continue to increase in volume and diversity, lowering operational costs,” the company said. Gideon Drori, CEO at Fincom.co said, […]
FintechOS invests $15 million to update their platform. New capabilities include ‘Buy Now, Pay Later’, split payments loans, overdraft and credit facility options for end customers, as well as new mortgage products. The company is coming to Banking 4.0. FintechOS, a technology provider for banks, insurers, credit unions and other financial services companies, today unveiled its latest product release FintechOS 22. „FintechOS 22 combines composable digital and core business blocks […]