Qwist Blog: News and Insights
Qwist at MPE Berlin: Trends & Insights in Payment
Long before there were cities, states or currencies, people exchanged goods, ideas and values. From the very beginning, payment was more than just a technical process – it was about trust, relationships and an expression of progress. Today, we are once again at a...
Rules, risks, rock ‘n’ roll: what FiDA & Co. are initiating now
Regulation and security – sounds dry at first? Not with us! Because behind the latest regulations and security standards there is a lot of movement, innovation and sometimes even a little excitement. In this issue, we focus on two topics that are currently the subject...
Financial Flashback 2025 and What 2026 Has in Store
This time of year, practically invites a look back at the financial markets. And what a fascinating year it has been! Regulations were announced and then sent back to the drawing board, others were implemented in two stages or eyed with suspicion by the retail sector…...
Real-time financial data. Risks under control. Opportunities in sight.
“Change is the only constant,” as Heraclitus observed. Volatile markets, emerging technologies and increasing regulatory requirements — the financial world is transforming at pace. In this environment, success depends not only on speed but, above all, on transparency,...
AI in Banking Practice – More Than Just a Hype?
Artificial intelligence isn’t just shaking up the banking world – it’s hitting an industry already going through big changes: PSD3, PSR, FiDA – and right in the middle of it all, the AI Act.It might sound like a lot of regulation at first, but it actually opens up...
Instant Payments, Sibos & FIDA: That’s your topic mix
The financial industry is entering a pivotal new era: with the EU’s Instant Payment Regulation, instant transfers are set to become the new standard. At the same time, FIDA is gaining importance in the regulatory landscape. For banks and financial service providers,...
Why validating TPP certificates alone is not enough for PSD2 compliance
In the era of Open Banking, trust is based not only on cryptographic mechanisms. These include the secure transmission of data through encryption, the assurance of the integrity of transmitted information, authentication by means of digital signatures, and the...
Instant Payments: Why real time is the new standard
Instant payment is not a trend of the future – it’s a comeback. Thousands of years ago, trade was simple and a “real-time thing”: goods for money, instantly, directly, without waiting. This principle of immediate payment is deeply rooted in our economic understanding....
Serbia’s Financial Market in Transition: EU Directives as a Driving Force
Serbia has been an official EU candidate country since 2012. Situated in the heart of Southeast Europe, the country is actively investing in economic and technological development with a clear focus on EU integration—drawing increasing attention from international...
10 Reasons Why Banks Should Offer Their Customers a Digital Current Account Switching Service
Competition for customers in the financial sector is more intense than ever. Banks that make it difficult for new customers to switch accounts smoothly risk more than just disappointed prospects: without a professional account switching service, banks may lose...
From Temple Loans to AI Platforms: How Digitalization is Revolutionizing the Financial Market
The lending industry may not be quite as old as humanity itself—but almost. As early as antiquity, merchants and temples were already offering loans, typically in the form of grain or precious metals. In the Middle Ages, the first banks emerged—such as the Medici...
Strengthening Trust in Financial Services: QWACs, Security Certificates, and PSD2 APIs
"Change with the times or the times will change you" How true this saying still is, and how dangerous it can be, especially in the IT sector, not to keep up with the times, is something we can repeatedly read about in the media: For example, who still remembers the...
From PSD2 to PSD3: A Guide for Banks and Financial Institutions
The payment services industry faces significant change with the upcoming introduction of the Payment Services Directive 3 (PSD3). As the successor to PSD2, PSD3 will further drive the harmonisation of payment services within the EU, bringing both new challenges and...
IPR, PSR and PSD3: What does this mean for banks and payment providers?
The only constant is change – and so we are currently experiencing how the EU is modernising and supplementing existing regulations and launching new initiatives. Three projects are acting as the main drivers for the transformation of payment transactions within the...
Regulatory versus market-driven standards: a comparison of advantages and disadvantages in open finance
In Part 1 of our short series, we discussed the need for standards, particularly in the world of finance and here with regard to interface technology, and presented the two most common concepts for their development, the regulatory and market-driven approach. In our...
Standards in Open Finance: On the Pros and Cons of fixed rules and dynamic innovation
Changing financial standards and the balancing act between state regulation and dynamic market development Part one: The Justification of existence of standards in the world of open banking and open finance In the modern financial world, which is characterised by...
Credit check to verification: risks in e-commerce at a glance
Trading on the internet is generally a business with unknowns - and that harbours risks that need to be countered if you don't want to get caught out. What's more, the competitive environment is tough and customers are demanding. Nobody wants to alienate potential...
Secure business with the great unknown – how to effectively protect yourself and your customers from the risk of identity theft
Since time immemorial, business deals have been sealed with a handshake. In the digital age, this is simply not possible. Nevertheless, trust has always been the foundation of any business transaction. However, this trust is increasingly being undermined, as so-called...
A matter of 10 minutes: switching accounts in minutes instead of hours
The banking market is on the move - hardly a day goes by without talk of takeovers or increasing competitive pressure due to the emergence of FinTechs. These new players offer innovative, digital financial services and thus fulfil modern customer needs for speed,...
Embedded Lending – Selling high-value goods online
The e-commerce market is booming and the segment of high-value goods such as cars, furniture or electronics in particular is currently growing rapidly. But many consumers cannot afford to simply pay cash for products in the price range of 5,000 to 50,000 euros. They...
Growth of Open Banking worldwide
According to analysts, we may expect a continued strong growth for the open banking market. Thus, the global open banking market size will reach $135.17b by 2030, meaning a CAGR of 26.9%. Drivers of the expansion are the rise of open APIs, an increased adoption of...