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Tag: PSD2

FinTecSystems receives permit of an account information and a payment initiation service

FinTecSystems received the BaFin permit as an account information service as well as a payment initiation service. In the competition of the Fintechs the Munich can now offer their services from the digital bank information to the payment initiation regulated. They are very happy about the BaFin permit. They have…

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Bitpanda receives payment service provider license PSD2

Bitpanda, a Viennese fintech with around one million users and more than 100 employees, is expanding its business model. The Austrian Financial Market Authority has granted Bitpanda Payments GmbH a license as a payment institution in accordance with European regulations like PSD2. Based on this milestone, Bitpanda will announce new…

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A Swedish Fintech launches open banking platform

The payment provider Klarna has launched an open banking platform through which other fintechs, banks and companies can trigger payments on the accounts of consumers. According to the company, the platform provides access to 99 percent of online banking customers in currently 14 European countries. More than 4,300 European banks…

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Fintechs are opening up in more and more countries

Deutsche Bank and Commerzbank are talking about a possible merger. This is probably due not least to the fact that their stock market value has fallen significantly in recent years. Lower margins, stagnating restructuring efforts and especially at Deutsche Bank. New scandals and scandals have meant that the share prices…

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PSD2: Banks are more afraid of Amazon & Google than of FinTechs

For the banking sector in the EU, it is not enough simply to become digital. Cognizant’s research into “The New Banking Genome: Building the Resilient Bank of Tomorrow” found that PSD2 and open banking make it easier for new entrants to get involved. Above all, the technology giants. The latest…

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