The digital euro will fundamentally transform the European payments landscape. For banks and payment service providers, this means: now is the right time to prepare strategically for the upcoming changes. In our teaser paper, we highlight the key elements of the European Commission’s legislative proposal, outline the strategic challenges for financial institutions, and show how […]
With FiDA (Financial Data Access), the EU is facing a pivotal step: moving from Open Banking to Open Finance. The new framework is intended to give consumers and businesses greater control over their financial data while simultaneously driving innovation in the financial sector. However, there are also challenges: data protection, fair competition, and the handling […]
Discover how eIDAS 2.0 and the EUDI Wallet are transforming the financial sector: from mandatory acceptance in onboarding and payments to new opportunities for banks and financial service providers.
Discover the future trends in our exclusive workshop. We will show you how the future drivers of digitalization, regulation and cyber security will affect your business models and develop individual solutions with you. Payment services are subject to constant change, which has accelerated even further in recent times. They are reflected in the future drivers […]
Trends in open banking and open finance are increasingly overtaking traditional banking. By opening up banking systems and the influence of new regulatory requirements such as PSD3/PSR and potentially also FIDA, a trustworthy environment will be created that encourages digital solutions and slim processes. Customers are increasingly demanding digital innovations and personalized services. Open Finance […]
In the fast-evolving world of artificial intelligence, confusion often reigns. While AI promises transformative potential, understanding its true value – especially in the context of financial services – requires separating fact from fiction. Here, we debunk the most pervasive myths, offering clarity and actionable insights for financial institutions. Myth #1: AI Is a One-Size-Fits-All Solution […]
The payments industry is on the brink of monumental change. Key drivers – digitalisation, regulation, and cyber security – are not only adding layers of complexity to the current landscape but also intensifying uncertainty about what lies ahead. In our latest whitepaper, we explore the prevailing trends within the payments sector and outline five potential […]
Between the dynamic poles of cyber security, regulation, and digitalisation, future drivers are having a major impact on today’s payments industry. This article, the third in a three-part series, takes a closer look at the opportunities and challenges of cyber security for banks and payment service providers. The first article presented the current initiatives shaping payment […]
The financial world is in constant state of change, driven in particular by technological advances and regulatory adjustments. The current regulatory initiatives of the European Commission, PSD3 (Payment Service Directive 3) and PSR (Payment Service Regulation), will be further steps in this development. According to the European Commission, they aim to harmonize payment transactions within […]
The digitalisation of products and processes brings not only opportunities for banks and payment service providers, but also an increasing number of risks. Cyber attacks and IT failures can cause enormous financial and reputational damage. This is where DORA, the Digital Operational Resilience Act, takes action. This EU regulation aims to ensure that financial institutions […]
