Much has been said about the disruptive role that fintech companies will play once open banking becomes obligatory throughout the EU, and more widespread in the UK. Fintech pioneers are already offering a wide range of services for different niches and verticals connected to various aspects of banking and finances. What kind...
Are You Ready for the Final Stage of PSD2?
PSD2 in a nutshell PSD2 (Revised Payment Service Directive) is a directive issued by the European Commission in order to fortify customer rights, facilitate competition in banking, and increase Internet payment safety via SCA (Strong Customer Authentication). The original European payment services directive came into force in 2007. The PSD2...
New EU Regulation to Revolutionize Cross-border Payments
One of the greatest challenges global merchants face is high fees for cross-border payments. A new European Union resolution addressing this issue may change the situation dramatically. According to the EU plan, by the end of 2019, charges for cross border payments in Euros will have to correspond to fees...