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 […]
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 […]
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 regulation, cyber security, and digitalisation, future drivers are having a major impact on today’s payment industry. This article, the second in a three-part series, takes a closer look at current and planned regulatory adjustments. The first article presented the current initiatives shaping payment digitalisation in Europe – the digital euro. […]
