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How banks can overcome PSD2 compliance challenges
How banks can overcome PSD2 compliance challenges Almost a year has passed since the Revised Payment Service Directive (PSD2) went fully into force in September 2019. However, timely implementation of the required interfaces has been a struggle for many European banks, especially their ability to ensure the availability and reliability of the interfaces. Acquirers have also
The next big thing in open banking is partnership
As banks across the continent prepare to provide third-party access to financial data, Enfuce Financial Services and Suomen Asiakastieto exemplify how a collaborative fintech ecosystem can make the most of PSD2. PSD2 has opened the floodgates of financial data and Suomen Asiakastieto wanted to offer a single point of entry to banks and third parties
The New Era of Open Banking
What an exciting month! It has now been over two weeks since the latest PSD2 deadline, where European banks were obligated to provide a sandbox to third-party service providers (TPPs). We think that in order to thrive, banks need to view PSD2 compliance as part of a broader digital transformation and learn to collaborate rather than
Enfuce Business Services
The payments industry is undergoing a fundamental change, especially in Europe, where new regulations and rapid technological and business innovations are opening the market for new possibilities, both for existing and new players. In a business environment where competition is already tough and getting tougher by the day, it is important for companies to be
Enfuce Cloud Environment
Specialisation is the keyword in almost all industries nowadays. Looking at the car industry, during manufacturing each car part is built by a highly specialized company. One company makes the tires, another one the safety equipment and one builds the electronic interface. By specializing, companies become more efficient, as they can focus on their core
