Nocashevents Financial institutions cautiously optimistic about Open Banking opportunity – research

Financial institutions cautiously optimistic about Open Banking opportunity – research

New research published by Open Banking platform Tink has revealed that European financial institutions still have significant concerns about Open Banking impact, according to thepaypers.com.Two fifths (39%) see Open Banking regulation as the biggest current threat to their business model and 56% fear that consumer loyalty towards banks will be reduced as a result of Open Banking. Nevertheless, the report – based on a survey of 269 senior decision makers in […]

Nocashevents Economist Intelligence Unit survey: fintech-bank collaboration in sandboxes will become mainstream by 2025

Economist Intelligence Unit survey: fintech-bank collaboration in sandboxes will become mainstream by 2025

Over the last decade, the banking landscape has been irrevocably changed. Digital disruptors, new technologies, new regulations and increasing customer demands mean banks have had to adjust their business models to deal with these new market challenges. Between January and March 2019, 405 global retail banking executives were surveyed by The Economist Intelligence Unit on behalf of Temenos. They were asked about the changes taking place in their industry to […]

Nocashevents PSD2 and Open Banking, a year on: „very few of the banks make good use of the new technology; there’s very little that can be shown”

PSD2 and Open Banking, a year on: „very few of the banks make good use of the new technology; there’s very little that can be shown”

Last weekend marks a year since the launch of open banking, a government-backed initiative that introduced a secure way for consumers to give financial providers the ability to access their financial information, according to Financial Times. The rules require (UK) banks to share their current account holder data through an integration technology called application programming interfaces (API). These APIs can then be used — with the customers’ permission — by third parties, […]

Nocashevents Libra Internet Bank implemented Allevo’s Proof of Concept for PSD2

Libra Internet Bank implemented Allevo’s Proof of Concept for PSD2

Libra Internet Bank assessed Allevo’s FinTP-Connect solution, given the requirements of the revised Payment Services Directive – PSD2. The solution achieves centralized management of requests initiated by financial services providers on behalf of the final customer, for banks (s)he collaborates with. „From a functional point of view, FinTP-Connect retrieves these requests, transfers them to the Core Banking system, processes them and returns the legitimately requested responses back to the PISP/AISP […]

Nocashevents Diebold Nixdorf, “the global leader in connected commerce”, is coming to international fintech conference – Banking 4.0

Diebold Nixdorf, “the global leader in connected commerce”, is coming to international fintech conference – Banking 4.0

Diebold Nixdorf is the latest technology partner at the international fintech conference – Banking 4.0, event dedicated to emerging technologies and their impact on the future developing of financial services (November 27 – Novotel – Bucharest): artificial intelligence, blockchain, biometrics, cloud computing, cybersecurity, conversational economy, instant payments and machine learning. The company’ s representative will talk about “Tokenization, its uses, potential, and security”. “The presentation should introduce tokenization for the […]

Nocashevents Most banks will be made irrelevant by 2030 – Gartner

Most banks will be made irrelevant by 2030 – Gartner

Within 12 years time, 80% of financial firms will either go out of business or be rendered irrelevant by new competition, changing customer behaviour and advancements in technology, according to forecasts by Gartner. By 2030, 80 percent of heritage financial services firms will go out of business, become commoditized or exist only formally but not competing effectively, according to Gartner, Inc. These firms will struggle for relevance as global digital […]

Nocashevents TBI Bank - 150 online retailers are using digital lending solution

TBI Bank – 150 online retailers are using digital lending solution

TBI Credit, a TBI Bank company operating in Romania and Bulgaria, and one of the main partners of Banking 4.0, reached a network of 150 online shops using the 100% digital lending platform developed on FintechOS, a technology company specialized in accelerating the digital transformation of financial institutions. The digital lending platform developed and launched by TBI Credit and FintechOS last year, following only two months of development, is dedicated […]

Nocashevents FintechOS becomes the first Romanian company accepted in UK Microsoft Startup Accelerator

FintechOS becomes the first Romanian company accepted in UK Microsoft Startup Accelerator

FintechOS, a software company specialized in accelerating the digital transformation of financial institutions, and one of the main partners of Banking 4.0 conference, announce its affiliation to the UK Microsoft Startup Accelerator. After a complex process of enrolment and selection, in which FintechOS had to prove its unique technical solution and market potential, FintechOS becomes the first Romanian company officially registered in the Microsoft UK accelerator program for startups. The […]