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January 2018 will see the formal introduction of the European Union’s new (second) Payments Services Directive (PSD2) .
PSD2 recognizes that the world has changed dramatically since the introduction of the original Payments Services Directive (PSD) in 2007, which provided the legal foundation for a Single Euro Payments Area (SEPA). Since the arrival of the PSD, the digitalization of the European economy has continued and new payments services providers – who were outside the scope of the PSD – have emerged.
ThinkMarkets, an advanced financial services provider of forex, CFDs and financial spread betting has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to significantly reduce latency for global forex and CFD traders.
As regulators place more scrutiny on best execution policies and transparency in OTC markets, institutions trading foreign exchange in Asia Pacific are watching closely. Hedge funds and asset managers are facing indirect pressure from investors to monitor the performance of their brokers and venues in FX spot, forwards and NDFs.
SDK.finance is proud to announce a white-label RESTful API release. SDK.finance offers payments and transaction management solution which allows banks & other financial institutions accelerate their digital growth.
Gemalto, the world leader in digital security, today released the findings of the Breach Level Index revealing that 1,792 data breaches led to almost 1.4 billion data records being compromised worldwide during 2016, an increase of 86% compared to 2015. Identity theft was the leading type of data breach in 2016, accounting for 59% of all data breaches.
Research from Equifax, the consumer and business insights expert, shows that 56% of people online would prefer to use a biometric security method over traditional options like passwords to log into their financial accounts online.
The online survey, conducted by YouGov, found that a third (33%) of people would prefer to use fingerprint recognition as a security method to access their accounts. A further 13% would like to use iris scanners, 7% facial recognition, and 3% voice recognition.
BT today announced the opening of a new customer experience showcase for its financial industry clients.
Located at its Adastral Park research and development hub in the UK, it demonstrates how digital innovations can be securely adopted throughout a financial services organisation to improve efficiency and customer experience while creating a platform to drive growth.
Starling Bank, one of the new breed of mobile-only banks, has joined the Current Account Switch Service, bringing numbers up to just shy of 50 in just three and a half years, covering almost 100 per cent of the UK’s current account market.
Starling Bank, which aims to meet the banking needs of a generation of mobile users, is the newest brand to sign up to the service, which has successfully switched more than 3.5 million current accounts since launch.
