The revised Payment Services Directive regulation, regarded as one of the most disruptive in Europe’s financial services sector, will begin to make an impact on January 13, 2018.
This year promises to further the regulatory compliance burden imposed on financial institutions. How are firms in the sector responding to the challenge?
As the squeeze on banks intensifies, virtual accounts are a win-win by offering efficiencies and meeting the needs of their corporate clients.
In order to survive, banks must get ready for an open application programming interface-led economy and develop superior value propositions for their customers.
The banking industry will meet the challenge of the new era introduced by Europe’s Payment Services Directive, but it is up to its individual members to determine whether they sink or swim.
Businesses are looking for speed and convenience for cross-border transactions and the good news is that real-time international payments are on the way.
While treasuries are expected to grow in importance over the next three years, 73% say teams will remain the same or shrink.
A group of 60 companies are stepping up opposition to the European Banking Authority’s plan to outlaw direct access - aka screen scraping - from the Payment Services Directive.
The pace of change and transformation across the financial services industry created by new technology will see emerging trends extend worldwide over the next few years.