Nocashevents Tink analysis: Bank APIs not ready for PSD2 deadline. The only way forward is for national authorities to create an extended transition period.

Tink analysis: Bank APIs not ready for PSD2 deadline. The only way forward is for national authorities to create an extended transition period.

Could the poor quality of bank APIs put the success of PSD2 in jeopardy? A Tink analysis finds that none of the tested bank APIs released by the penultimate 14th June deadline meet the quality requirements laid out by PSD2 regulators – potentially creating a “cliff edge” scenario in September that compromises the financial services for millions of consumers. As a third party with a PSD2 license, we’re required to use all […]

Nocashevents Open banking in numbers – insights and data from 270 European bankers. „Compliance alone is a losing strategy.”

Open banking in numbers – insights and data from 270 European bankers. „Compliance alone is a losing strategy.”

Tink’s key findings and insights from their European survey of nearly 270 financial executives. Learn what they see as the threats, opportunities and challenges this open banking movement presents – and what it means for the industry in 2019 and beyond. In May 2019, Tink surveyed financial executives in the following 17 European countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Netherlands, Norway, Poland, Portugal, Spain, Sweden, […]

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, […]