Is FinTech really reshaping banking or just repackaging banking?
Have banks finally found a way of repackaging banking? Consumer banking, once the bastion of stability in financial services, has seen the most “disruption” from FinTechs over the next five years. This exposure to “disruption” has been accelerated by the nature of banking products and processes for saving, lending, and business services. The threats posed […]
APIDays Banking APIs & PSD2 – 2017 in Berlin!
conference in Berlin on the 7th-8th of November is a MUST-ATTEND Conference! You are invited to the 2017 APIDays Banking APIs & PSD2 conference in Berlin on the 7th to 8th of November – the only event focusing on Banking APIs for open banking and digital transformation in the Fintech industry organized by the world […]
PSD2: Focusing on Action with Open APIs
For the last two years, many industry commentators and analysts have been warning that banks are facing a huge disruptive force as new fintech startups emerge to offer a similar group of services to some of the more traditional banking operations. Now, across Europe, the Second Payments Services Directive ( PSD2 ) has entered into […]
Why should banks embrace an open API ecosystem?
PSD2 puts the spotlight on the banks. It forces them to figure out cost effective ways they will need in order to implement the sharing of data. The reality is: It normally costs banks more to decide what technology to use and to get the relevant regulatory clearances than it does to build the technology […]
Open Bank Project API: From an idea to … the coming new banking reality!
If you haven’t heard about the Open Bank Project (OBP), then you haven’t been paying attention to the open bank API standard discussion that’s center stage in the UK or the with the PSD2. The UK government is already setting out plans to go further through an open API standard in UK banking. The whole […]
Open Bank API Ecosystem As A Firewall Against Fintechs
The UK government is currently working with banks and Fintech firms to have a detailed framework set out for an open API standard ecosystem by the end 2015, in a move it claims will empower consumers and boost competition. ( Download a PDF copy of the UK Government report here ) The standardization that ensues […]
API – Can it actually make you start absolutely loving banking?
conversation in the UK, I decided to see what’s available in Germany. Berlin is known for its very vibrant start-up scene. So it wasn’t like looking for a needle in the haystack when I decided to take a look at startups that are making a difference with banking APIs. The Open Bank Project , launched […]
Open API standard could empower banks in struggle against fintechs
The standardization that ensues is envisioned to allow the development of third-party apps that are compatible with the systems of all UK banks, and that can securely use consenting customer banking data. While such an open API will allow fintechs to build apps for the banks’ customers who opt to take advantage of the open […]