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FinTech Pulse

Open Banking Worldwide: A World of Opportunity

A few months into new Open Banking legislation in Europe and the UK, we ask what the rest of the world are planning to do in that regard. Will they follow suit?

A slow start by all accounts across Europe, with only a small handful of banks going 'all-in' from the onset.

With increased data security measures - GDPR - coming into force imminently, and fewer risks on face value for banks, we are likely to see things pick up speed before too long. 

Have a look at what's happening around the globe!

 

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Topics: online banking, digital banking, open banking, PSD2, psd2 impact on banks

Author: Aoife Crean - Content Manager on Mar 28, 2018

Open Banking & PSD2 Coming into Force: Here’s what’s ahead

With the official Open Banking kick-off date programmed for this weekend, it’s the topic of the moment.  What will change with it?  Is it safe to share customer data? How much information do banks need to give their customers?

Many banks have already missed the deadline, asking for extensions at the last minute, and what was originally set to be a full-steam-ahead approach to Open Banking looks now to be a more cautious, hesitant launch, on a considerably lower scale. So, come Saturday, what will change?

 

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Topics: online banking, digital banking, open banking, PSD2, psd2 impact on banks

Author: Aoife Crean - Content Manager on Jan 12, 2018

What the iPhone X means for banking

On September 12th the new iPhone X was unveiled by Apple as ¨the future of banking¨. The most expensive Apple phone to date, with improved visuals and performance, it has kick-started the next generation of digital banking, and here at Strands we have discovered what we believe to be the 3 main ways it will shape our banking future.

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Topics: Innovation, online banking, digital banking, fintech innovation

Author: Gabriel Moreno on Oct 23, 2017

Why the Future of Digital Banking is About Great Conversations

You do not have to meet your bank manager for coffee once a month to have a healthy, communicative relationship with your bank and with money in general.  You don’t have to see them at all, but they must be an ally, a friend. And they definitely have to mean it.

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Topics: Digital Transformation, online banking, digital banking, open banking

Author: Aoife Crean - Content Manager on Sep 28, 2017

What makes London the Fintech Capital of the World?

After completing my first 2 years at university, I jumped at the opportunity to work at one of Strand’s headquarters in Barcelona as part of their marketing team.

Since arriving, I have been made to feel extremely welcome by my colleagues, and in my first week alone, I felt like I had already learnt more than in 6 months of studying at university - and in particular about FinTech.

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Topics: online banking, digital banking, open banking, PSD2, psd2 impact on banks

Author: Gabriel Moreno on Sep 22, 2017

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