Open Banking Platforms
Open Banking, Open Banking Platforms, Open API's, ecosystem, Open Banking Provider
What factors are driving innovation in open banking? Can the platform economy really work for the banking industry?
Open Banking, Open Banking Platforms, PSD2, Open API's, Open Banking Provider
The arrival of PSD2 in the EU means banks need Open Banking Platforms to compete. Some banks chose to develop their own software in house, while others took the faster and easier route of using off the shelf platforms created by innovative FinTech firms.
Open Banking, Open Banking Platforms, PSD2, Open API's, PSD2 solutions
New PSD2 regulations in the EU offer opportunities for the financial and FinTech sectors and will enhance customer’s payment experience and wealth management options. However, banks will need to redesign payment business models, and TPPs will now need to submit to regulatory supervision.