The Spanish Association of Fintech and Insurtech (AEFI) has prepared its first AEFI Voice report in which it analyzes what the openbanking concept means and what are the implications of the EU regulation PSD2, which will take effect officially in the month of September, for the financial sector in general,…
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The financial sector is moving towards a scenario in which innovative business models and new ways of interacting with users will arise thanks to the use of data and technology. It’s the so-called open banking. In this evolving ecosystem diverse actors come together, from the most traditional entities and their…
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On March 23, 2017, the draft of a financial technology law was published in Mexico with the intention of regulating the administration, operation, and implementation of companies that wish to offer citizens access to an alternative form of investment and finance. In its initial stage, this project was an early…
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The compliance period for companies to comply with PSD2 rules expired on 14 March 2019. The rules require that old banking and financial services providers who maintain online client accounts must provide an application programming interface (API) to allow new operators, third parties ( Third Party Providers, TPP) to develop…
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It is not that there is much time to relax in the markets. However, the perhaps excessively dramatized appearance of the technological giants in the banking world may not be as rapid as it has sometimes been predicted. Although the Bank of England has granted Google a license to act…
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The advancement of technology and new business models will have an important impact on the actions of banking in 2020. These are the 10 trends and challenges in which private investors and SMEs operate in this new scenario. The danger of technology The entrance of the BigTech, although it is…
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“The principle of being able to determine how you use your own data is also a priority for financial institutions today,” says Massimo Ferrari, CEO of Assetmax. PSD2 and Open Banking As he explained, a concrete measure was taken by the EU with the introduction of PSD2 (Payment Services Directive…
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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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