The Second Payment Services Directive (PSD2) underpins open banking across the European Union (EU); however, open banking in the Netherlands has yet to become a reality as Dutch regulators have …
Read More »Huawei, Forms Syntron release distributed open platform solution for banks
Huawei and Forms Syntron, a leading Chinese bank solution provider, have jointly released Fincube, a distributed open platform solution for the financial industry. Fincube will help banks at various scales …
Read More »41% of EU banks fail to meet important PSD2 deadline
A survey of 442 European Union (EU) banks conducted by the Swedish open banking platform Tink has found that 41% of EU banks have failed to provide a testing environment …
Read More »India standing at the crossroads of open banking
Changing consumer patterns, the emergence of non-traditional competition (e.g. FinTechs, blockchain and artificial intelligence) and initiatives undertaken by the Reserve Bank of India have provided the ideal timing for Indian …
Read More »Sberbank registered 182 new domains
Early this year, Sberbank registered 182 domains having “sber” in the address (e.g. sber-medicine.ru, sber-fashion.ru and sbersale.ru). The mass registration of domains is part of Sberbank’s effort to develop an …
Read More »Russian banks’ tentative start with open APIs
As the Second Payment Services Directive (PSD2) becomes just another part of business in the European Union (EU), it is natural to wonder about the state of open APIs in …
Read More »Qiwi launches open API money transfer service
Qiwi has launched an open API money transfer service for its customers, giving users the chance to customize their own way of receiving funds. The new service makes it easier …
Read More »PrivatBank launches open API platform
PrivatBank has launched a new open API platform to allow FinTech companies to create effective, innovative solutions that work with bank data and provide consumers with new digital services. The …
Read More »The impact of PSD2 in Ukraine
With the implementation of the Second Payment Services Directive (PSD2) in the European Union (EU) and Ukraine’s relationship with the EU, it is natural to wonder about the implications of …
Read More »Russian insurers, intermediaries discuss API integration
The Digital Tools for the Development of Insurance Product Partner Sales roundtable was held in Moscow, a first-ever discussion between insurance companies, intermediaries and IT experts in the country. The …
Read More »Kazakhstani banks embracing open APIs
Open APIs are starting to emerge as a trend in the market of IT solutions in Kazakhstan, with private banks actively exploring the potential of open APIs and the National …
Read More »Personal data compromised through API vulnerability
The personal data of consumers who requested a loan and/or credit card from the now liquidated Binbank may have been compromised. The compromised data includes names, passport data, phone numbers …
Read More »New platform makes financial products easier
A new platform called Goodfin now serves as a single access point for consumers looking for financial service providers such as banks and microfinance institutions (MFIs). Goodfin differs from similar …
Read More »Sberbank launches 3 new payment services
Sberbank now offers three new ways of making payments that are faster and more convenient. The first is called “B2B Corp Checkout”. It allows legal entities to add a button …
Read More »PSD2: a brief overview
As the Second Payment Services Directive (PSD2) becomes the new reality across Europe, here are the main changes it is driving: External payment service providers are now better defined and …
Read More »Open API program to push Kazakhstan toward universal internet banking
The National Bank of Kazakhstan has initiated an open API program that will eventually allow consumers in Kazakhstan to use the internet services of any bank in the country. The …
Read More »Is Ukraine ready for a PSD2-like initiative?
Worldwide trends in the financial sector are creating new conditions that Ukraine should follow, especially if it wishes to create a more transparent and open payment market that is attractive …
Read More »Bank of Russia creating automated control system
The Bank of Russia is working on the creation of an automated information disclosure control system (ACRI) that will simplify the supervision work of the regulator. Specifically, ACRI will serve …
Read More »Kazakhstan actively developing digital financial infrastructure
The National Bank of Kazakhstan, together with the banking community, is implementing a number of new initiatives on the digitization of financial services such as its launch of the interbank …
Read More »Kyrgyz banks to send information to Financial Intelligence Unit
The Union of Banks of Kyrgyzstan has met with representatives of Kyrgyzstan’s Financial Intelligence Unit about establishing a digital information exchange system with the intelligence agency. The exchange channels are …
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