The Second Payment Services Directive (PSD2) is a payments regulation in Europe, which is set to drastically impact the infrastructure for banks, fintechs and businesses using payments data by opening up access to third party providers.
For e-commerce marketplaces, user experience has long been a prime focus. From aesthetic quality to ease of use, UX plays a major role in determining whether consumers stick with the platform long-term or abandon it in favor of a competitor.
The failure to keep pace with expanding compliance procedures has seen a rise in the number of financial penalties issued by regulators over the past few years. As anti-money laundering (AML), know-your-customer (KYC), counter-terrorism financing and other compliance obligations expand across different territories, organisations large and small have struggled to maintain adequate and comprehensive safeguards – often resulting in sizable fines and significant reputational damage.
A new report published by Earnix shows findings stating that most millennials will use a single portal to aggregate services from multiple banks with which they have existing customer relationships in the future. The report, The Role of Analytics in the New Banking Age 2017, also states that most banks believe predictive analytics and machine learning will become the most powerful way to win back customers over the next five years.
A new case study published by Moovit demonstrates how the company uses Zooz to tackle and facilitate global expansion.
Ralf Ohlhausen discusses the EBA's announcement to outlaw screen scraping and what it means for fintech companies.
Sharon Manikon discusses whether the convenience of digital payments is overtaking that of cash in the economy.
If you think you know coins back to front, take our quiz and prove it.
David Nunn discusses the importance of e-commerce and how the pace of payments innovations is changing the market.