Smart Fintech announced today that they have officially received the authorization from NBR (National Bank of Romania), the regulatory authority, as a Payment Institution authorized to perform Payment Initiation Services (PIS). Thus, the start-up becomes the first open banking third-party provider (TPP) licensed in Romania. Smart Fintech is officially listed in the Payment Institutions Register held by the NBR and in the Register of payment and electronic money institutions under […]
Open Banking Europe (OBE) announced the launch of the OBE PSD2 Transparency Directory, which will contain information about PSD2 and Open Banking application programming interfaces (APIs). The directory meets the need of third-party providers (TPPs) and account-servicing payment service providers (ASPSPs) for a repository storing all key information on these APIs in one single place . Without such a central directory, TPPs and ASPSPs would have to go to the […]
By Tomas Prochazka, VP of Product, Tink Banking is facing its biggest remake in history. Technological developments, changing consumer expectations and new regulations are forcing the industry to open up. The EU commission’s PSD2 is ushering in the era of open banking by allowing new entrants access to customers’ financial data. Its ambition is to level the playing field in the industry so that more companies can offer consumers greater transparency […]