Invoicing interoperability serves banks’ competitiveness for payment services
Technical interoperability builds up critical mass to provide competitive solutions PSD2 has been designed to increase competition in the payment industry in Europe. Third party access also positions large tech providers with their sizable universe of users (think Alipay, Google, Facebook) and other large global payment providers as a real competitive threat to the European […]
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 […]
Innovation driven by regulation, KPMG reports on Holland FinTech’s event ‘PSD2 in Business’
On the 15th of January, KPMG attended the PSD2 in Business event, organized by Holland Fintech. An interesting line-up of speakers including Klarna, Privacy First, DNB and ACM spoke about the impact from PSD2 that was effectuated two days earlier. At least: should have been effectuated, but the Netherlands and 19 other European countries are […]
The future of banks in the PSD2 era
How might banks adapt to PSD2? Guest writer Jeroen de Bel presents his ideas. In December 2017, we at Olympus Advisory visited the Fintech Live event in London and, as expected, Brexit was one of the key topics people most talked about. There was much interest from British fintech start-ups to explore opportunities at the […]
A PSD2 Update by the DNB
The Dutch Central Bank (DNB) has issued an update on the implementation of PSD2 in order to optimally prepare the financial sector on the changes to come. The bank has therefore initiated a PSD2 Seminar for the 8th of February as a follow-up on the event of last September. The event will also make an […]
Digital identity whitepaper is released on behalf of Signicat
As PSD2 approaches, big changes for the financial landscape become more imminent. The importance of a clear identity management that reduces the risk of fraud and ensures a frictionless transaction is key. A new whitepaper, Strong Customer Authentication in Practice – limitations and possibilities with PSD2, has been released by Norfico Fintech Consulting and Consult Hyperion […]
European fintech companies write a manifesto concerning PSD2
Over 70 companies from all over the EU states write a manifesto expressing their main concerns regarding the impact of PSD2 in the future of European fintech. As the implementation of the revised Payments Services Directive, also known as PSD2, comes closer, companies of all over the European Union outlined a manifesto that approaches some […]
PSD2 and open banking: catalysts for digital transformation
Accenture, Avanade, and Microsoft recently collaborated on the publication of a new white paper – PSD2 and Open Banking: Using regulation to kick-start the transformation of banking, which explores the opportunities to further develop innovation in the short, medium, and long term. Next year, at the start of 2018, the European Union’s Revised Payment Services […]
PSD2, data, and the future of banking
In a newly published paper titled Preparing for PSD2: The Role of Data and the Future of Banking, Datastax examines challenges related to data and PSD2 compliance, explores different opportunities for banks to use data more effectively and delineates the role of data management at scale within customer experience and compliance management. At this point, […]