PSD2

Succeeding in the future of payments

Embracing the future in the age of instant gratification The payments industry is at an inflection point. Customers increasingly demand new payment options like real-time payments and P2P payments, underpinned by security and trust. The costs of running payments operations, complying with a myriad of regulations and enforcing payments standards are increasing. Exposure to operational […]

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Transforming payments and creating new value chains with open banking

Open banking at its core is about empowering the end customers as the owners of their data and enabling organizations to work together — through APIs — creating new value chains to produce better products and services. It is that simple. The old way of delivering traditional banking and financial services to customers is not […]

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Preparing for instant payments in a digital economy

As the commercial banking landscape transforms rapidly to adapt to an increasingly digital world, it’s clear that client-demand-led schemes like faster payments are challenging the traditional paradigms we’ve held sacred for decades. This is resulting in direct pressure on financial institutions to adapt faster and place a premium on innovation now – more than ever […]

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Fast & furious: Keeping up with changes in the payments industry

The digital era is rapidly changing every aspect of our lives through more recent inventions, innovations and new business models. We no longer have to wait for many of the things we did in the past. Want to see a movie? Click here. Need a place to stay? Click here. Looking for a mate or […]

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Confidence in payments

For banking customers, confidence comes from knowing that their payment was completed instantly and securely.  This trust is a key capability banks must consistently demonstrate as they digitally reinvent their services to compete in the global, immediate payments processing marketplace. Instant payments and other new services are being driven by regulatory mandates along with digital […]

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Is 2017 the year of digital business reinvention in financial services?

Against a backdrop of emerging technologies, shifting customer expectations, regulatory changes and evolving business models, Forrester Research lays out the future of financial services in a provocative report entitled “Predictions 2017: Pioneering Financial Providers Will Partner With Fintech To Build Ecosystems”. It makes the claim that breakaway leaders will focus on digital business reinvention delivered […]

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How banks can attain new competitive differentiators and customer value in payments processes

Today, the pace of change in the payments industry seems to accelerate exponentially, as customers increasingly demand instant, contextualised, and in some instances “zero-touch” payments (think “Uber”). At the same time, the regulatory environment is also evolving rapidly, with compliance to regulations such as the revised Payment Services Directive (PSD2)  promising further industry-wide change. While […]

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Gain a First-Mover Advantage on Europe’s New Payments Market with Value-Added Services

Ask almost any banker about the adoption of the revised PSD2 directive and responses range from uncertainty to outright dismay. Many banks are concerned that PSD2 is a cost center that will compromise client relationships and security. Setting the stage for open banking, PSD2 is meant to promote innovation, where new business models emerge and […]

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