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Tag: Open Banking

Ultimate guide: Understanding the open banking and its impact on banking

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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Why is people saying that open banking lacks digital maturity?

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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What is the “Fintech Law”?: All about the issue involving open banking and crypto

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 open banking era: How are cooperations working

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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“IATA pay”: new method of payment for airline tickets

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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