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Innopay's TPP RADAR: Europe gearing up to use access to accounts under PSD2

Europe is gearing up to use access to accounts under PSD2. Interested to see wha...

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Collaboration needed to stay relevant in Smart Home

With the rise of the Internet of Things (IoT) and artificial intelligence (AI), transactions initiated by smart devices and platforms will increase exponentially over the next years. An appealing example is Smart Home, which connects customers digitally through smart devices and allows them to share data and transact from home 24/7. As r...

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PSD2 licensing: solving the puzzle of becoming a Third Party Provider

The European Union (EU) revised Payment Services Directive (PSD2) was adopted January 2016 as an update of PSD 1 (adopted in 2007) and introduces two types of new services under its licensing scope: payment initiation services and account information services. New players in the financial industry and incumbents (e.g. banks, electronic mo...

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Open Banking Monitor (OBM) 2019: let’s take a moment to make up the rankings and identify potential new “Masters in Openness”

Looking back on a much eventful year in Open Banking; various banks have updated their Developer Portal in the last quarter of 2018, either by expanding the Functional Scope, by offering more APIs, or by introducing tools and features improving the Developer Experience. Predominantly with the shared goal of attracting more end-customers, ...

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Digitising complex onboarding processes: Who will be leading in getting it right?

This article was first published in the Web Fraud Prevention, Identity Verification & Authentication Guide 2018/2019 – 7th edition published by The Paypers. In the past year, customer onboarding processes for simple financial products have become much more convenient. The INNOPAY Onboarding Benchmark (2018) shows that almost all Dutc...

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Seamless, Uber-like payments, brought to your bank account

Towards the first pan-European Open Banking based scheme Imagine you’re taking an Uber at the airport, get to your destination and while you’re getting out of the Prius … ping… you receive a push notification from your bank that says € 32,78 was debited from your payment account. The full Uber experience, but no cards or wallets needed.

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How banks can solve the “Onboarding Puzzle” in the German market

In the past few years new and innovative banks, also known as challenger banks, have entered the scene to disrupt the German consumer banking market. Even though a customer does normally not sign up for a new bank account every year, those new players have been recognised to attract and convert a rapidly growing digitally-savy customer ba...

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Sharing transaction risk data leads to Open Banking success

This article was first published by the Paypers in the Open Banking Report 2018.

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Open Banking and TPPs trigger banks to innovate their corporate onboarding processes

PSD2 has been an important catalyst for banks to open up. While many banks in Europe are still focused on making the PSD2 deadline of September 2019, we see some leading banks move beyond compliance and shift towards Open API Banking. In this emerging Open Banking play, banks start to understand that enabling secure access to customer dat...

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Unlocking opportunities in the API economy

This article was published in collaboration with Deutsche Bank. Market disruption, client evolution and regulatory change mean that the banking and corporate world is preparing for an API and Open Banking revolution. Making a success of it will require both collaboration and standardisation.

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The battle is ON: incumbent banks accelerate onboarding innovations

Where newer and smaller banks used to outclass the incumbent banks regarding the onboarding process, the recent INNOPAY benchmark shows a comeback of the established players. By now, there is no longer a need to visit the office to open an account. Now the question is: did the larger banks manage to compete with the challengers?