Multiple bank platform Cobase gets PSD2 licence with help from Van Doorne
Cobase helps companies manage multiple banking relationships through a single platform. In late June they secured the license from the De Nederlandsche Bank (the Dutch central bank). The license covers them as an account information service provider and a payment initiation service provider. Law firm Van Doorne advised Cobase during the application process. Managing multiple […]
Franx launches PSD2 APIs
Franx, a Dutch company who assists globally operating entrepreneurs to make international payments and handle FX transactions via its platform, has launched payment initiation and account information APIs in a production environment. In this setting, third parties can access the Franx platform. As PSD2 is poised to increase competition in banking and related services, such […]
SlimPay launches PSD2 guide on SCA
SlimPay, a France-based company which provides intelligent payments solutions for recurring payments, created the “PSD2 & Subscriptions: What are the impacts?” guide to show how e-merchants’ subscription-based activity will be affected by PSD2’s SCA rules. These important rules come into effect September 14. The guide goes into detail on how PSD2 impacts customer consent, subscription-based […]
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 […]
Alternative lending platform Funding Circle goes to Canada
Funding Circle, a peer-to-peer lending platform emanating from the UK and now servicing Germany, the Netherlands, and the US, have their sights set on entering the Canadian market. The first to offer such a P2P platform for business lending in the UK, Funding Circle continue to help SMEs fight against unfavourable financing terms set by […]
Yolt Beta testing a better way to pay
After connecting all major High St banks to their mobile app, and becoming the first third-party-provider to do so, Yolt have released a beta test of Yolt Pay, which allows users to initiate payments from within the app. With the UK implementing their open-banking legislation a little more than a year before The Netherlands (with […]
PSD2 Access-to-the-Account (XS2A) in Practice
A year after the initial deadline, the revised European Payment Services Directive (PSD2) has finally been implemented in the Netherlands. With the new legislation passing the Dutch Senate late last year and the EBA Regular Technical Standards ready to be implemented in September this year, PSD2 is becoming a reality that will enforce open banking […]
Six Months into PSD2 – Confessions of the WSO2 Open Banking Team
by Kushlani De Silva, Associate Director Marketing at WSO2 It’s been six months since the PSD2 compliance deadline and the dust is settling in. Or is it really? Just like when it started, the post PSD2 landscape is viewed from different angles. It has been called everything from a ticking time bomb to a slow burn […]
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 […]