Posts Tagged: Payment Services Directive

Bring on the Players: Who Wins in Open Banking?

It’s fair to say that the current noise around Open Banking is almost deafening. We constantly hear about the potential of this new market β€” driven by APIs β€” to change financial services by increasing consumer choice, crushing incumbent banks, or making a barrel of cash for a cool startup. Read more

How Can Consumers Relate To Open Banking?

Open banking has garnered a lot of attention recently. With the introduction of UK open banking and Payment Services Directive 2 (PSD2) becoming law across the European Union, regulations are fundamentally altering the way banks handle personal data. The movement is also not restricted to Europe, with regulators in the USA having released their intentions in October 2017 on access to bank accounts. Read more

High-Grade API Security For Banks

Financial institutions occupy a special zone for APIs largely because of how stringent the regulatory compliance rulesets are. The data that financial institutions leverage are protected widely by a variety of regulatory ordinances, and as such, this data has to be stringently controlled, secured, and managed – hence why high-grade API security is such a serious concern. Read more