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.
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.
This year promises to further the regulatory compliance burden imposed on financial institutions. How are firms in the sector responding to the challenge?
With less than nine months to go, banks are working with fintechs to tackle the various demands of Europe’s new Payments Services Directive.
A survey suggests that open banking, which will be ushered in next January by the Payment Services Directive, is a game changer for the financial services industry.
Reports suggest that financial technology companies competing with the banking sector believe big banks are attempting to water down the EU’s Payment Services Directive ahead of its January 2018 introduction.
A report by trade association Payments UK suggests that the pace of change means this year could make a watershed in the way that consumers and businesses make payments.