3 challenges in implementing the PSD2 APIs
As a follow-up on my previous article on the diversity of the PSD2 APIs as published by four Dutch banks, this article will dive deeper into some of the challenges that present themselves when implementing these APIs. Specifically, the error codes in the non-happy flow scenarios and what information they offer TPPs, the data dictionary […]
Dutch PSD2 Bank API’s: diversity in rules and standardization
The revised European Payment Services Directive (PSD2) has finally been implemented in the Netherlands. The bank API sandboxes are now live and licensed Third Party Providers (TPPs) should be able to start using PSD2 APIs from September onwards. A first assessment of the API documentation published by the four largest Dutch banks show a multitude […]
Research at a Glance: Week 10
Early Lessons on Regulatory Innovations to Enable Inclusive FinTech By UNSGSA, Cambridge Centre for Alternative Finance, Monetary Authority of Singapore This report takes as its point of departure the idea that inclusive financial innovation cannot be realised without the right regulatory environment. To do this, countries employ various means including regtech for regulators, innovation offices, and […]
Temenos acquires Avoka for USD 245 million
Temenos recently announced that it has agreed to buy Avoka, a digital customer acquisition and onboarding provider, with aims to nourish its Temenos Digital Front Office and digital banking products in the US. Through the integration with the Avoka platform, Temenos will offer banks a fast route to frictionless omni-channel digital banking. Max Chuard, CFO and COO, […]
Member Spotlight: Hydrogen
Hydrogen is a New York City-based fintech positioning itself as the global financial platform for the Web 3.0, which is the coming paradigm for how we will both develop and interact with the internet. While definitions for the term are not set in stone, Eric Stepansky, Enterprise Growth Manager at Hydrogen, says Web 3.0 will […]
SDK.finance delivers two open-source projects to Github
The core payment platform committed an Angular UI source code and a Postman collection to Github. These two open-source projects, according to CTO Pavlov Sidelov, give developers free tools to build interfaces for payments solutions, and make it easier for SDK.finance’s clients to customise and implement their own payments solutions. SDK.finance made the announcement in a press […]
How #openness will change insurers’ pricing strategy
Insights by Maarten Bakker, Sector Lead Insurance at Innopay “Data, whether it’s location-based or behavior-based data, will help provide solutions, whenever and wherever they occur.” – Brett King, author of breaking banks Although insurers are improving significantly on enhancing the customer experience during onboarding, pricing still seems to be the most important differentiator for customers. Based […]
Oracle Financial Services rolls out 1,500 APIs
The APIs are part of a new packed solution offered by Oracle and can be implemented immediately. A range of APIs are included, covering corporate and retail banking, and payments, helping banks with the complex and time-consuming process of transitioning to open banking. The new API solution is compatible and pre-integrated with Oracle Banking Digital […]