The European directive on means of payment was passed, known as PSD2, which replaces the previous one in 2009 and will be applicable as of September, with the aim of protecting the user from possible undue access to Your sensitive information. Within the banking sector created much controversy because, in…
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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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The service provider Bitpanda allows among other things the crypto trade. With the new FiNMA license, the company wants to become even more active. One of the few licensed providers in the EU Also the way to the larger establishment of the crypto branch outside the globally seen rather small…
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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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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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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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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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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 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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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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