Success stories, news, events and all kinds of information related to open banking
In just one year, the second European Payment Services Directive—or PSD2 as it is better known—has created a new scenario combining innovation and security, in which banks have been progressively opening up access to their infrastructure to third parties.
APIs are not simply parts of a source code that allow communication between two applications. They also offer new ways of simplifying processes, saving costs and enriching business information.
Today, APIs are not a mere extra in the business world; they have become an essential part of the day-to-day operations of any company, large or small.
Knowing your customer is an essential asset in any business relationship, but in the digital universe it is even more so. In the financial sector, KYC (Know Your Customer) is carefully structured to ensure customer verification, which is essential in the highly regulated banking industry.
What are the main challenges faced by open banking, and what will be the impact of the changes arising from the COVID-19 pandemic?
Carlos López-Moctezuma was part of the latest edition of Money Live 2020, where he offered his take on the open banking situation, its adaptation to the banking industry and how it can evolve in the future.
Collection processing plays a key role in accounting departments, which is why it is essential that collections be handled quickly, in a way that does not create any conflict with customers.
On December 23, 2015, Directive 2015/2366 of the European Parliament and Council, known as the PSD2 directive, was approved, providing a new regulatory framework for the use of mobile payments, tools from non-banking institutions and enhanced security. What do these changes mean compared to the first PSD and how do they affect companies?
The time a user spends on your proposal is the greatest possible conquest at a time when those seconds have become more precious than money itself. The more information there is, the less attention there is to go around.
Bank reconciliation is one of the most important accounting processes. And APIs are the ideal tool for carrying it out, since they provide greater security, lower costs and real-time information.
