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.
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?
While countries like Singapore lead the drive for open banking in the region, larger ones like Japan are slowing down. The twinned nations in the Commonwealth look at each other and the United Kingdom in their strategies.
The Fintech Law takes place in a market in which BBVA API_Market has been a key player since before regulation.
Blockchain is the technology supporting the process of mining and pricing bitcoins, a procedure whereby the users of this cryptocurrency make payments and transactions in an encrypted and authenticated form on a distributed database.
In recent years, the United Kingdom has become one of the strongest supporters of open banking worldwide. It all started when HM Treasury decided to create a working group on this matter in 2015; then, one and half years ago, an entity was created to handle the transition; and, in January 13, 2018 standards were implemented and the UK is now at the forefront of open banking.
Blockchain is the technology behind bitcoin, a huge database distributed in numerous servers all around the world that gathers all the transactions made in bitcoins. It supports secure and reliable financial transactions between two parties without intermediaries, thus driving down costs. We list below some blockchain experts that you can not miss.