Ten years ago, a fintech lending app was legally considered a technology provider. Today, it is a licensed financial institution subject to the same due diligence obligations as a high-street bank. That shift happened directive by directive as regulators worked to...
The European payments landscape is about to undergo its most significant structural realignment since 2018. As the proposed Third Payment Services Directive (PSD3) inches closer to adoption, much of the industry discussion has centered on timelines, technical...
Discover how our zero-finding audit eliminates procurement friction, fast-tracks your third-party risk management, and delivers the audit-ready evidence your regulators demand. Financial institutions handle arguably the most sensitive user data in existence: personal...
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...
"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...
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...
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...
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...
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...
Ensuring seamless consent management is a cornerstone of PSD2 implementation. Here, Oliver Dlugosch, CEO of ndgit (now Qwist), explains how dedicated APIs can help banks reduce complexity and make processes smoother. PSD2 is driving a myriad of new service...