PSD2, Open banking, and Fintech News Roundup

Trust in Open Banking: Negotiating data liability between banks and TPPs The breadth and complexity of Open Banking systems involve a web of players interconnected by the core need to access data…

Fintech - trust and opportunity to grow

PSD2 and Open banking - trust and opportunity Gaining consumer trust will continue to be a goal until open banking and PSD2 are ubiquitous. Fear, uncertainty, and doubt are the main drivers of…

PSD2, Open banking, and Fintech News Roundup

Apple fights German bill to open up iPhone NFC use for payments Apple has criticized a bill approved by German parliamentary groups that would force the company to open up the NFC functionality on its…

PSD2 and Open banking news roundup

Google banking Google Pay will comply with RBI's data localisation norms '100%': Report Google Pay is currently in the “midst of” complying with the Reserve Bank of India’s data localisation norms…

Google banking - it's not all about the benjamins

The rumours are strong, and almost certainly true, that Google will be offering checking accounts to people through their Google Pay service. A source has been quoted as claiming that Citibank will be…

PSD2 and Open banking news roundup

Starling Bank close to a million customers after £30m investment boost Starling Bank is set to notch up a million customers within “weeks” after it raised £30 million in new funds to drive European…

PSD2 and Open banking news roundup

U.S. banks are playing catch-up with Chinese fintechs China is rapidly become the global fintech champion. Generating more volume in comparison seems like an easier strategy; institutions assume they…

PSD2 and Open banking news roundup

Open Banking Europe publishes bank API directory Open Banking Europe, the entity operated by EBA Clearing subsidiary Preta, has published a directory intended to list all publicly available bank APIs…

PSD2 and Open banking news roundup

Poll reveals US falling behind in faster payments adoption A survey of payments systems stakeholders has revealed that the US is lagging behind the rest of the world in the adoption of faster payments…

How does PSD2 protect you?

The stated aims of the payment service directive include providing more secure payment services and improving consumer protection. These are both good news for anyone making payments, or transferring…

An introduction to PSD2

What is PSD2? The acronym PSD2 stands for Payment Services Directive. In fact, this is a revised version of an earlier directive that was created by the European Union to regulate payment services and…