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Blog
Why banks must become the data custodian in the data economy
The rising importance of digital identity, consent management and data sharing has created a ‘Blue Ocean’ market for banks. I believe that they now have a unique opportunity to strengthen and truly safeguard their relevance in the data economy. But they need to start taking decisive action right now in order to demonstrate that they can p...
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News
INNOPAY’s series of webinars during lockdown proven to be successful
In order to keep engaging our clients with new insights during the lockdown, INNOPAY organised a series of successful webinars. During these webinars, our topic experts present new insights and answer questions from the audience. Did you miss any of these webinars? No worries, they have now been made available to view at your convenience....
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Blog
EPI: Paving the way for future bank relevance, and not just through payments
Sixteen major Eurozone banks have come together in the European Payments Initiative (EPI) to launch a new payment system aimed at taking on rival card schemes and the threat posed by Chinese and US big-tech firms. Although previous pan-European collaboration projects (e.g. Monnet, Eaps, Payfair) have not been perceived as a great success,...
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New UBO register enables fast and compliant client onboarding
With the approval of the Dutch Senate, the law for registration of Ultimate Beneficiary Owners (UBOs) came into effect on 23 June 2020. Under the law, a UBO is defined as a person who controls at least a 25% stake in a company and whose registration is a requirement for financial service providers under the anti-money laundering directive...
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