Nocashevents Let’s talk about challenger banks! Monese is coming to Banking 4.0

Let’s talk about challenger banks! Monese is coming to Banking 4.0

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 […]

Nocashevents FintechOS and Deloitte Romania partner to offer digital transformation solutions for financial institutions. Both companies are coming to Banking 4.0, FintechOS as main partner.

FintechOS and Deloitte Romania partner to offer digital transformation solutions for financial institutions. Both companies are coming to Banking 4.0, FintechOS as main partner.

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 […]

Nocashevents Wirecard launches first fully digital multi-merchant loyalty solution. The company is coming to Banking 4.0

Wirecard launches first fully digital multi-merchant loyalty solution. The company is coming to Banking 4.0

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 […]

Nocashevents LUXHUB launches best in class API Product for account aggregation. The company is coming to Banking 4.0

LUXHUB launches best in class API Product for account aggregation. The company is coming to Banking 4.0

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, […]

Nocashevents Salt Edge Partner Program – a door to open banking without extra investment. Salt Edge is coming to Banking 4.0

Salt Edge Partner Program – a door to open banking without extra investment. Salt Edge is coming to Banking 4.0

Via Salt Edge Partner Program, companies can start using real-time data from across all the EU, in just 15 minutes. Salt Edge handles all the technical, security, compliance matters so that companies can focus on providing services to their clients. Canada-based Salt Edge announced that it now offers a simple solution which enables companies to get instant access to open banking channels in a compliant way, without having their own PSD2 licence. Salt […]

Nocashevents The National Bank of Romania announces the launch of the FinTech Innovation Hub project

The National Bank of Romania announces the launch of the FinTech Innovation Hub project

Fintech Innovation Hub is a platform for dialogue with companies developing innovative public interest solutions in the area of payment and financial services (FinTech). Thus, the NBR aims to support the market developments in payment and financial services as well as to bring innovation monitoring into line with European trends in the area of payment services and payment instruments, in order to ensure their security and safety. “The FinTech Innovation […]

Nocashevents How UiPath makes banking compliance easier to manage. UiPath is coming to Banking 4.0

How UiPath makes banking compliance easier to manage. UiPath is coming to Banking 4.0

an article written by Nitin Purwar, senior functional architect at UiPath. Over the last ten years, I’ve had dozens of conversations with banking colleagues about regulatory compliance. As regulatory complexity increases, banks are still scrambling to figure out how to get compliance under control. According to Forbes, banking regulatory costs will rise from 4% to 10% of banking revenue by 2021. Hiring more people to reduce regulatory burden isn’t a solution to the […]

Nocashevents Due to fintech competition, banks risk losing US$280 billion in payments revenue by 2025, according to Accenture Report. Accenture is coming to Banking 4.0

Due to fintech competition, banks risk losing US$280 billion in payments revenue by 2025, according to Accenture Report. Accenture is coming to Banking 4.0

Yet, as digital payments continue to grow, banks can tap into US$500 billion opportunity in new payments revenue if they adopt innovative business models. As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible and free, according to a new report from Accenture. The report found that global […]

Nocashevents Open banking, the payments industry and BigTech challengers: „in a market defined by innovation, many incumbents are more fearful than optimistic about the pace and direction of change”, CapGemini report

Open banking, the payments industry and BigTech challengers: „in a market defined by innovation, many incumbents are more fearful than optimistic about the pace and direction of change”, CapGemini report

As global non-cash transactions boom and competition flourishes, many banks remain reluctant to embrace Open Banking via data sharing, ecosystem partnerships and open platforms, with multiple incumbents still being cautious of change. Instead, they perceive Open Banking as a potential challenge when it is a necessity for improved customer experience and retention in the long-run. That’s according to Capgemini’s World Payments Report 2019, which tracks and analyzes non-cash transaction volume, regulatory […]

Nocashevents Joint industry letter on PSD2-SCA implementation for cards. European Banking Federation, Visa and Mastercard recommend EBA an additional timeframe of 18 months.

Joint industry letter on PSD2-SCA implementation for cards. European Banking Federation, Visa and Mastercard recommend EBA an additional timeframe of 18 months.

European Payment Institutions Federation (EPIF), European Association of Payments Service Providers For Merchants (EPSM), European Banking Federation (EBF), European Hotel Forum (EHF), Ecommerce Europe, EuroCommerce, Visa and Mastercard, has taken the lead on a further joint industry letter to the EBA on SCA Implementation. The organisations jointly share the goal of a harmonised EU implementation of SCA. In a first instance they have therefore called on the EBA to use […]