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FinTech Pulse

PSD2: Threat or opportunity for banks?

The FinTech world is buzzing about PSD2. Should banks be worried?

European banks are finally realizing the magnitude of the revised Directive on Payment Services (PSD2), which will force them to provide account information to third parties via Application Programming Interfaces (APIs) that cut out transaction intermediaries.

PSD2 aims to:

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Topics: Digital Transformation, API, account aggregation, payments, open banking, PSD2

Author: Albert Morales, Product Manager on Apr 28, 2016

Getting the most out of Java: Strands at JBCNConf

At Strands we are always seeking easier and more powerful ways to fulfill banking needs, which is why we constantly keep an eye on emerging tech trends.

Last month, Strands engineers attended JBCNConf, the first big Java convention in Barcelona. The conference was a fantastic opportunity for us to exchange knowledge with our peers in other sectors and learn about the newest tools and techniques that enable us get the most out of Java for big data analytics and machine learning.

Many exciting workshops took place over the two days. Some of the more interesting topics covered were:

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Topics: FinTech, API, Innovation, applications, software development, Java

Author: Adrián Pérez, Software Engineer on Jul 20, 2015

Banking with Bitcoin

With the news of the first Bitcoin ATMs being installed in Athens and the feverish buzz around Citicoinyou're probably wondering: hey, when do we actually get to start banking with Bitcoin?

A few of our developers* were asking the same question lately and, bright inquiring minds that they are, began dreaming up all kinds of possibilites and ideas to mainstream virtual currencies like Bitcoin into retail banking and integrate it into personal finance manager tools like  Strands PFM
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Topics: Personal Financial Management (PFM), FinTech, Digital Transformation, API, Virtual currency, Bitcoin, Digital currency, Retail banking

Author: Albert Morales, Product Manager on Jul 10, 2015

Banks and Sensitive Data

When I started working in FinTech, the first question I had was: "Do banks seriously give us all that data to analyze?" To be honest, I was mainly concerned about my own privacy instead of dreaming about the benefits I could get by giving some of my information to third parties.

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Topics: FinTech, API, Big Data, Data Privacy, Data Security, Innovation, Financial Regulation

Author: Pablo Reyes, Software Engineer on Jun 8, 2015

Banking on Innovation Through Data

The last few decades have seen the financial industry slowly incorporating Internet-based technologies to open up new distribution and operational channels. Digital banking allows customers to access almost all financial services from anywhere, at any time.

Banks, however, are still offering essentially the same products and services as they did in the past. Compared to other industries such as entertainment, travel and retail, banks are not yet using these channels to actually change their business model or propose new and more relevant products or services. A few bells and whistles aside, the banking industry has yet to be truly disrupted.

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Topics: Disrupting Banking, FinTech, Digital Transformation, API, Big Data

Author: Marc Torrens, Chief Innovation Officer on May 11, 2015

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