FinTechs are leading the charge in using advancements in technology to fundamentally change the landscapes of e-commerce, payment networks, online lending, money transfers, business-to-business (B2B) payments, personal finance and banking. …
Read More »Video: B2B financial services firm case study
Explore an interesting case study of a financial services firm that produces software for other businesses as they incorporated a new reference model and enhanced functionality to meet new government …
Read More »Video: innovations in the B2B payment environment
Falk Rieker, global head for IBU banking at SAP, discusses how the B2B payment space is growing in comparison to the retail side and how the infrastructure could be simplified. …
Read More »Video: Visa B2B Connect to launch
Visa’s first distributed ledger-based payment solution has been announced and will allow businesses more opportunities to thrive on a global level. Is Ukraine ready for a PSD2-like initiative? Video: turning …
Read More »BFC takes part in E-commerce and FinTech Hackathon 2019
BFC experts took part in E-Commerce and FinTech Hackathon 2019, which was held June 14-16, 2019 in Bishkek, Kyrgyzstan. During the event, participants were given 54 hours to turn their …
Read More »4 open banking models and the factors financial institutions must consider
With open banking pushing digital transformation in financial markets around the globe, financial institutions, in their efforts to maintain revenue streams, now face an important decision: which is the most …
Read More »Open banking platforms
Open banking and the regulatory environments driving it are forcing financial institutions to become a platform business. However, there are 4 such platforms for financial institutions to consider: Proprietary platforms …
Read More »Balancing PSD2 with GDPR
Europe’s Second Payment Services Directive (PSD2) is reshaping the banking sector. At the same time, the introduction of the General Data Protection Regulation (GDPR) has had a huge impact on …
Read More »Does the Beyond Banking model represent the future of banking?
Beyond Banking is a business model in which consumers receive a package of services through an ecosystem of various providers. It works by taking advantage of open APIs to quickly …
Read More »Data security key for consumer confidence in open banking
Reservations about data security pose the biggest challenge when it comes to increasing consumer confidence in open banking, with 86% of respondents to a recent Forrester Consulting (on behalf of …
Read More »How to transition into the era of open banking
It cannot be stated enough that open banking is here, and it’s here to stay. Financial institutions must now embrace open banking if they are to remain relevant in the …
Read More »8 steps to ensure a financial institution doesn’t survive past 2030
It is estimated that 80% of financial institutions will either go out of business or be irrelevant by the year 2030. Here are 8 steps that will ensure your financial …
Read More »Using open banking to match consumer needs
With open banking beginning to emerge as a new reality across the globe, it is no great surprise that banking consumers are also opening themselves up to participation in open …
Read More »4 keys for financial institutions to keep in mind about the world of open APIs
The era of open banking is serving to divide financial institutions into groups based on fundamentally different roles. One of the main defining factors for which group a financial institution …
Read More »3 ways for financial institutions to shift their focus to consumer value
In the past, financial institutions prized a well-established brand as the ultimate goal for attracting consumers and maintaining consumer loyalty. In the digital and open banking age, however, consumers are …
Read More »Open banking in the UK: one year out
In January 2018, the United Kingdom (UK) launched open banking to improve the way finances in the UK are managed, borrowed, saved and invested. Now, more than one year on, …
Read More »Bankers expect open banking to increase profits 10-20%
According to a new study from Accenture, bankers expect that open banking will lead to a growth in revenue of 10-20%. This thought it bolstered by the fact that commercial …
Read More »3 key areas for a future with open banking
As open banking continues its path toward offering consumers greater financial products and services, it is interesting to consider what things are necessary for open banking to become the new …
Read More »Polish realities in a PSD2 Europe
A recent survey of the Polish banking sector concerning the Second Payment Services Directive (PSD2) of the European Union (EU) was published by KPMG. Specifically, the survey found that Polish …
Read More »8 in 10 millennials ready to switch away from banks
FinTech players and challenger banks are at the forefront of capturing the millennial market as 8 in 10 millennials now state that they are ready to switch from using banks …
Read More »