Nocashevents The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication

The Hungarian National Bank provides card issuers and acquirers an additional 12 months to comply with PSD2 strong customer authentication

On 10 September 2019, the Hungarian National Bank (HNB) issued a press release (available in English here) in which it provides Hungarian cards issuers and acquirers with additional time to comply with the PSD2 strong customer authentication (SCA) requirements, as implemented within Hungarian, but only in relation to online card-based payments. Pursuant to PSD2 and the related regulatory technical standards for strong customer authentication and common and secure open standards of […]

Nocashevents Mastercard and R3 partner to develop new blockchain-powered cross-border payments solution

Mastercard and R3 partner to develop new blockchain-powered cross-border payments solution

Blockchain-enabled model to further support banks to deliver a single frictionless real-time payments proposition. Mastercard will act as the network operator to process, clear and settle international payments. Mastercard and R3, a leading enterprise blockchain software provider, have today announced a strategic partnership to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing […]

Nocashevents Banks and TPPs provide update of their joint PSD2 task force to the European Commission

Banks and TPPs provide update of their joint PSD2 task force to the European Commission

Following the Joint Statement between the ECSAs and TPP associations, banks and TPPs now write to provide the European Commission with an update from the Joint PSD2 Task Force. In the Joint Statement, banks and TPPs agreed on some topics, together with progress made so far: 1. The parties agree to call upon ASPSPs to provide contingency relevant documentation in their developer portals, more specifically on TPP identification and use of […]

Nocashevents AI and enhancing the human element in financial services. Will the evolution of the bank progress from neobank and challenger bank to behavioural banks?

AI and enhancing the human element in financial services. Will the evolution of the bank progress from neobank and challenger bank to behavioural banks?

At SIBOS 2019, industry experts will be discussing how the financial services sector is in the vanguard of deploying AI on a global scale and whether the technology will be a transformative force or has the potential to act as an existential threat. While the reskilling revolution is sweeping across the financial ecosystem, there is also a growing need for digital ethics that will ensure that major financial institutions efficiently […]

Nocashevents The silent revolution. Qvo vadis homine?

The silent revolution. Qvo vadis homine?

article by Cornel Vintila, Chairman of the Board of Aurachain. Mr. Vintila will deliver a keynote speech on „Disruptive business models of the future” at international fintech conference – Banking 4.0. The question of where mankind is going is a difficult one to understand, with an even more difficult answer in light of evolving technology. We can attempt to map the dynamic landscape of some of these technologies to understand where we […]

Nocashevents Samsung announced SoftPOS – a solution that turns smartphones and tablets into a contactless payment terminal. The first pilot will take place in Poland.

Samsung announced SoftPOS – a solution that turns smartphones and tablets into a contactless payment terminal. The first pilot will take place in Poland.

SoftPOS enables Samsung mobile devices to be used for contactless transactions for any amount with no additional equipment. First Data, now part of Fiserv, a leading global provider of payments and financial services technology solutions, together with Visa, a global leader in digital payments, and Samsung Electronics, will showcase the company’s new Software Point of Sale (SoftPOS) solution during IFA 2019. IFA is Europe’s largest technology fair and the leading […]

Nocashevents Klarna announces $460M equity raise. The company is now the largest private fintech in Europe.

Klarna announces $460M equity raise. The company is now the largest private fintech in Europe.

Klarna, the leading global disruptor of payments and banking, and provider of smoooth retail services, announced it has raised $460 million in an equity funding round, at a post money valuation of $5.5 billion. This investment follows a funding round in April of this year that closed above the company’s $100 million target. This new valuation ranks Klarna as the largest private fintech in Europe and as one of the largest private […]

Nocashevents Finastra launches a tool to help banks save time and money with Regulatory Reporting as a Service. The company is coming to Banking 4.0

Finastra launches a tool to help banks save time and money with Regulatory Reporting as a Service. The company is coming to Banking 4.0

Finastra announced that it has launched a tailored, Securities Financing Transaction Regulation (SFTR) reporting tool that will help banks prepare for the April 2020 deadline. „Built on Finastra’s existing Regulatory Reporting solution and based in the cloud, it meets banks’ need for fast, automated trade reporting, and will help them reduce time and costs associated with data capture and compliance.”, according to the press release. Michael Henssler, General Manager Treasury and […]

Nocashevents Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

Salt Edge integrates with 400+ open banking APIs. The global fintech company is coming to Banking 4.0

As more and more banks open their APIs before the September 14 deadline, Salt Edge has added another one hundred to the list of its connected open banking APIs in the EU, making it 400+ integrations. Gaining more speed along the open banking trajectory, just in the last two weeks Salt Edge has added a hundred more APIs and after the big number of 300+ in August has already integrated with 400+ […]