Week 21: Research in a Glance
Breaking down the Blockchain by PYMTNS An e-book compilation of expert, stakeholder and industry veteran opinions on the true utility of blockchain and its disruptive potential in business applications. Trends in innovation, diversity and inclusion by Anthemis Group Drawing from the survey results of senior executives, the report is an overview of innovation, diversity and […]
Capturing the benefits of PSD2 – A new strategy for banks
The case of e-invoicing: Opportunity and reward Technological development requires banks to streamline their services and create a superior user experience for their customers. It is imperative that banks look into providing new digital services to prevent client churn for fintech companies and “new banks”. Banks can capitalize on their large client base when launching […]
Instant payments and open ecosystem: game-changers for business practices
A changing ecosystem Steadily climbing the innovative curve for a couple of centuries, the financial services industry is now progressing in leaps and bounds. The rise of technologies and the ensuing advent of fintech, followed by a change in the regulatory landscape, are enablers pushing forward developments in the field. The payments ecosystem is at […]
Expert insights: Which side will fintech be pulled towards?
For this article we invited Adri Odding, consultant business and IT, to share his thougts and knowledge on the current state of the financial landscape and how FinTech plays a role in it. A little while ago, I wrote a blog titled “FinTech Unite”. At that time, the financial industry was shaken up by the announcement […]
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 […]
New Zealand banks and fintechs come together on open banking pilot
The pilot is headed by Payments NZ, the country’s payments governance organisation, and involves Westpac, BNZ, and ASB banks and Datacom, Paymark, and Trade Me, which are fintechs. The partnership will develop and test two payment APIs, “account information” and “payment initiation”, and is expected to conclude near the end of 2018. APIs used in […]
Insurance and the Open Banking wave: seven use cases
By Maarten Bakker – Sector Lead Insurance at INNOPAY Every single day, more than a billion active users share their thoughts, photos, news, videos, memes, and more with friends and connections on Facebook. With data from current accounts, bankers know what their customers eat, where they buy their clothes and what they get up to online. In […]
European climate warming up and nurturing open banking progress
Yolt, a smart money management app owned by Dutch magnate ING, has paired up with British Monzo via an API. This move shows open banking principles being embraced across Europe by incumbents, startups and users: Yolt and Monzo users have made ‘over 1500 requests’ for their integration. Monzo is the 30th bank, and second mobile-only […]
Member spotlight – Olympus Advisory Services, bridging the gap incumbents innovation
Olympus Advisory Services is an expert consulting bureau in financial services delivering strategic consultancy with a focus on fintech. Specialist in this niche, the organisation supports its clients to optimize their innovation agenda and enhance collaboration with external partners. Relying on a strong expertise of both legacy industry and fintech start-ups, the collective of independent […]
New developments from energetic challenger banks
Challenger banks tend to have all the energy of an excited puppy: young, agile, full of bounce. And it is bringing in results. Recent news from British challenger bank Starling is a partnership with API specialist TrueLayer. The collaboration shows us once again how open banking principles are being embraced wholeheartedly by the new kids […]