API World: Open banking. Page 5

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Financial inclusion: a challenge for open banking

According to World Bank data, around 2.5 billion people in the world do not use formal financial services and 75% of poor people do not have a bank account. Essential to reduce poverty and promote prosperity (also according to the World Bank), financial inclusion varies greatly. While in Spain anyone can access the simplest bank products, such as a checking account (98% financial inclusion, second only to Germany in the eurozone), only a minority of the population in developing countries has access to these services.

 

Open banking / 03 January 2020
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The millennials and Generation Z embrace Banking as a Service

So what are millennials looking for financially? Something very specific and diverse. They are the first generation to have used mobile phones to research, experiment and acquire. The only thing needed to reach the heart of what is also known as the DIY generation is to give them the tools to create.

Open banking / 13 November 2019
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Open banking beyond Europe’s borders

The open banking revolution has only just begun. The arrival of the PSD2 payment directive has laid the foundations in European territory, and it also highlights the United Kingdom's drive with the initiative promoted by the Competition and Markets Authority. But how is open banking tackled outside the Old Continent? We review the initiatives in 8 countries around the world.

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Answers and questions about open banking APIs

Open banking is the new paradigm in the financial world. However, although many companies in the sector are implementing this open banking, it is still greatly unknown by businesses in other sectors, who may find in open APIs (Application Programming Interface) multiple possibilities to improve their processes or customer experience.

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The best of fin:CODE and our keynote on open banking

fin:CODE, with the slogan "Defining the DEV in the financial industry," was held in March in Frankfurt. This is the only event in Europe primarily focused on addressing the challenges that banks, asset management companies and insurance companies are experiencing as they adopt and scale DevOps in their businesses.

APIs, Open banking / 23 April 2019
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