EU

With automated systems and digital processes embedded in almost every modern bank’s service offering, it is interesting to observe the many transformations that technologies like AI and Open banking have brought into the industry.

SDK.finance, a European software FinTech vendor, reveals the strategic options of partnering with banks for PSD2 implementation.

BBA, Payments UK, the Council of Mortgage Lenders, the UK Cards Association, and the Asset Based Finance Association are set to merge their efforts to create a more substantial lobbying power, backed by nine British banks, including HSBC, Lloyds and Barclays, and building society Nationwide.

Under the Payment Services Directive (PSD2), the digital revolution of making payments online is now regulated at a community level.

A study of 22 banks (institutions + digital-only) across APAC, Europe, and the Middle East analyzing digital onboarding methods & eKYC techniques for opening bank accounts found that OTPs and selfies were the most prevalent modern identity verification methods for digital onboarding among those banks.

This article will analyze the top five European banks that have been investing significantly in FinTech startups since 2018.

An advanced form of social engineering, APP fraud has been on the rise globally, causing significant financial losses to consumers.

Keiron Dalton, Vice President and UK Country Manager at Prove, talks about how Phone-Centric Identity ™ can help us regain confidence in our digital accounts in a recent interview with Expert Insights.

Banking, which is a heavily regulated industry, is changing partly due to regulations and also due to new players and tech-led experiences they are bringing to the customers. Among these regulations, one such regulation has the potential to change banking forever: Open Banking.

Prove’s Phone-Centric Identity technology can improve your identity verification strategies to make your customer experiences safer, faster, and easier.

Distributed ledgers are version 2.0 of the current systems and can work around concepts such as identity verification, public/private transaction distinction, and automated execution of contracts.