Banking

With the implementation of PSD2 in Europe, banks’ monopoly on their customer’s account information will likely disappear.

Silicon Valley Bank, the bank of the world’s most innovative companies, announced it had acquired the assets and team from startup company Standard Treasury to accelerate the development of its banking services APIs.

Electronic payments globally are being adopted at an outstanding pace combined with rapid technology development and digital experience improvement.

Is it possible to open, verify, AND fund a bank account in 90 seconds or less? Leading banking software company Temenos recently shared proof that this is indeed achievable using Prove's Pre-fill solution powered by Phone-Centric Identity.

In the last two to three years, with the rise of open banking, APIs in general and financial infrastructure APIs, in particular, have been of much interest.

FINO PayTech operates the largest network of business correspondents in India that help banks and reach out to customers in the countryside.

A host of banking API providers has expanded opportunities for entrepreneurs to build solutions for different segments of the financial services industry.

Prove has architected a trust and identity platform to help the nation stay several steps ahead of attackers that exploit vulnerabilities in telecommunication systems.

As cybercriminals grow more sophisticated, bolstering the Two-Factor Verification process is critical for both businesses and their consumers.

The future of the banking ecosystem will extend well beyond financial services.

The regulatory institutions pass at least six of the most important constraints listed by the WEF that banks have to face, which can have an inhibiting effect on the attempts to deploy risky but innovative solutions.

Are the SMEs finally going to get their dues with the evolving banking services driven by technological advancements after years of being underserved? Or will this innovation be driven by neobanks and FinTechs?