Partner banks get out of Paydirekt Paydirekt, the payment system of the German banks, loses the ING Germany, the Hypovereinsbank, the German Santander and other private banks as partners. The aforementioned companies have canceled their shares as of 31 December 2019. Outwardly, it is said that the institutions had disturbed…
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Duty or freestyle? This question is posed by banks in the implementation of PSD2. The possibilities of open banking offer many opportunities for everyone but especially for regional banks. For example, a regional bank in Switzerland. Oliver Dlugosch gave us this contribution. The PSD2 is now in force for a…
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B2B FinTechs could not have had a sustainable foothold in corporate banking in 2018, reports ING Germany. Although FinTechs and banks have come closer together in the cooperation, the persistently difficult market environment still poses enormous challenges for both players: corporate customers are more likely to avoid risks, have extremely…
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The International Air Transport Association (IATA) concluded the first purchase transaction of airline tickets through a new payment system: “IATA Pay”. The transaction was carried out in partnership with ipagoo, a fintech company based in the United Kingdom. IATA noted that this new payment method is an industry-backed initiative to…
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The fintech sector is boiling. The combination of finance and technology is a great idea and many companies are developing very useful and innovative products. Among this type of companies there are some that are betting on trying to revolutionize a sector that was not so much unthinkable that it…
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Technological advances, especially mobility and hyperconnectivity, but also ‘big data’, artificial intelligence, the ‘cloud’ and ‘blockchain’, have caused a change in consumer behavior and business models. The union of these three forces has led to the Fourth Industrial Revolution, which is already remodeling the economy and society, and will continue…
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