We sat down with payments and PSD2 expert from the Bank of Ireland, Julie Connor, to discuss the opportunities of open banking and the strengths of standardisation.
“I think the opportunities are there for everybody in the ecosystem. I think for the traditional players’ banks; for the fintechs or the people who have been disrupting for years, and not just in the last few years; and also, most importantly, for our customers.”
We’re partnering with German payments provider Novalnet to take real-time, open banking powered payments across Europe, starting with Germany and the UK, enabling merchants to receive transactions almost instantly.
What is considered a payment account under PSD2 and what isn’t? Seems like a simple question, right? But, as with most topics in the finance industry, the answer is almost always ‘well, it depends…
In our new report ‘open banking in a post-pandemic world’ 41% of Europe’s financial executives believe the digital shift caused by Covid is permanent – with over two thirds saying the pandemic has increased their focus on open banking.