Unveiling Finance- Navigating Open Finance in 2024
Open Finance is a portal to a monumental change in the financial services industry. It builds on the success of Open Banking where access to banking data is granted to Third-Party service providers through an API. It is access to financial data beyond just banking.
Verification of Payee (VoP) in 2024 – How it works?
In an age where digitisation is taking over, better security and accuracy of financial transactions is a must. To address the modern cybersecurity measures in financial domain, the European government has released its Verification of Payee (VoP) guidelines to revolutionise the banking system across Europe. Here’s how VoP could be changing things for financial and safety […]
Unveiling Finance Podcast Episode 5: Future of Open Finance, from PSD2 to PSD3
Podcast with Martin Koderisch - presented by TechnoXander.
Unveiling Finance Podcast Episode 4: Exploring Open Finance and Collaborative Coalitions
Podcast with Charlotte Crosswell OBE - presented by TechnoXander.
Unveiling Finance Podcast Episode 3: Future of Value Creation
Podcast with Ghela Boskovich - presented by TechnoXander.
Unveiling Finance Podcast Episode 2: Navigating the future of Finance
Podcast with Madush Gupta - presented by TechnoXander.
Unveiling Finance Podcast Episode 1: Demystifying the DPDI Bill
Podcast with Lord Chris Holmes - presented by TechnoXander.
Revolutionising Euro Payments: European Parliament’s legislative resolution on instant payments
The legislation on instant euro transfer passed by the European Parliament represents a significant advancement in the modernization and standardization of financial transactions throughout the EU. The regulation lays the groundwork for a more efficient, secure, and transparent digital payment ecosystem by promoting competition and innovation, strengthening safety measures, imposing liability requirements, and permitting 24/7 instantaneous payments. As the European Parliament legislation has been adopted, there are some serious changes forecasted in the near future.
Strengthening Financial Security: The Australian Banking Sector’s Confirmation of Payee Initiative
Australia has made significant advances in safeguarding people and businesses with its proactive approach to combating financial scams, as demonstrated by the Scam-Safe Accord and the Confirmation of Payee system. In the end, the phased deployment approach guarantees flexibility and adaptation, which helps to make everyone in Australia's financial future safer and more secure. Collaboration between the banking sector, technology companies, and the general public fortifies the community's resistance against fraud and opens the door for a thriving financial ecosystem.
A Look Back at Six Years of Open Banking
Over the past six years, Open Banking in UK has grown significantly and changed the way we make payments. Thanks to its emphasis on affordability, security, and ease of use, Open Banking-enabled payments are set to take the lead in the digital payments space. To realise Open Banking's full potential, collaboration as well as backing will be essential along the way.