Tag "open banking"

Wealth Managers Name Greenfield Digital Banking as Top Innovation Strategy

Greenfield business builds continue to be a top innovation strategy for the banking and wealth management industry, according to a new study by the Economist Intelligence Unit (EIU) and Temenos. In a report titled Forging new frontiers: Advanced technology will

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Open Banking in Switzerland: a short Overview

Open banking has grown to become a global phenomenon and while pioneers like the UK and the European Union (EU) have turned to regulatory action to support the industry’s transition into this new era of banking, legislators in Switzerland has

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Which Country Leads Open Banking Adoption?

The world continues to move towards open banking with some markets, including the European Union (EU), the UK and Australia, taking the lead by creating and passing favorable regulations, according to a new report by the Paypers. In a paper,

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Finastra: Helping Banks Gear Up For The Open Banking Era

London-based Finastra strives to provide banks and financial firms with powerful solutions that allow them to meet consumers’ changing needs and expectations in the digital age. Last month, the company launched out of beta an open banking cloud platform, which

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World Fintech Report 2019: Financial Industry To Enter New Phase of Innovation – “Open X”

The financial services industry is on the verge of transitioning from open banking to a new phase of innovation which Capgemini and Efma refer to as Open X. With an emphasis on deeper collaboration and specialization, Open X will require

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Deutsche Bank Whitepaper Explores Open APIs, Cloud, Blockchain and AI Regulations

The emergence of new technology solutions leveraging open APIs, cloud, blockchain and artificial intelligence (AI) has driven increasing volumes of digital data, as well as new market players, business models and evolving client expectations. Given the disruptive potential of these

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Switzerland Is an Early Adopter to a Trend That Could Change the Face of Banks Forever

Before 2015, the idea of banks actively working together and sharing information with each other seemed like a pipe dream, or end results of corporate espionage. This is, until the UK embarked on their Open API banking initiative, which has

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Jürgen Petry Discusses SFTI’s Common Swiss API Initiative

Open banking is a major shift in the retail banking industry to give customers greater control over their data and create a new connected ecosystem where banks, fintechs and other third parties collaborate to deliver seamless financial services. In Switzerland,

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Standards Crucial To Unlocking Opportunities Of PSD2 And Open Banking

Application programming interfaces (APIs) seem set to usher in a new era of payments solutions, particularly with the advent of regulations such as the Second Payment Services Directive (PSD2) in Europe. However, standardization of technical interfaces constitutes a crucial building

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Stellungnahme zu Open Banking und PSD2

Mitte Januar 2018 veröffentlichte SFS ein Positionspapier, worin vorgeschlagen wird, in der Schweiz eine Selbstregulierungsorganisation zu gründen, welche sich der Ausarbeitung einer Schweizer Open Banking Lösung widmet. Dabei sollen einerseits die Standardisierung (Standard-APIs) und andererseits die Öffnung von Schnittstellen für Dritte

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