PSD2 Archives | Teknospire
Open Banking Enabling Financial Inclusion
Financial Inclusion

How Open Banking can Help in Financial Inclusion

Jonathan a villager who supplies vegetables to the branded supermarket in the city needs to submit monthly invoices [physical copy] to get the payment.He has a bank account but still has to maintain a physical copy of the number of vegetables supplied with the offer price. Recently he got to …

Banking_The Open Way
Digital Banking
1

Open Banking API: A Journey

Data sharing and Big Data have become the trending topics in the financial world of late. With the advent of many Fintech start-ups, traditional banks are undergoing a major shift. They, now, are looking forward to modifying the way they operate, to survive the cut-throat competition from their peers. This …

Story of Open API Banking Infotainment
FinTech Trends
5

TeknoToon – A Story of Open API Banking

Reference: Open Banking Explained: What you need to know

Decentralized Network
Technical Updates

NEED OF THE HOUR – ADOPTION TO A DECENTRALIZED DISTRIBUTED NETWORK?

We are seeing technology-driven networks replacing bureaucratically-driven hierarchies,” says VC and futurist Fred Wilson. It seems Big Data buzz has ended, the need of the hour is not on how to gather data but “how to protect it”? How to stop it from being hacked or access by unauthorized third …

Open Banking Use cases
Technical Updates

OPEN BANKING – EXAMPLES, USE CASES, IMPLEMENTATION, OPPORTUNITIES

In olden days or even a decade back Banking as a service [BaaS] was only taken by trusted entities – BANKS. However, with the technology innovation Banks, Fintech and GAFA [Google, Apple, Facebook, and Amazon] are tapping onto the opportunity open up by the PSD2 directive to offer BaaS. While …

Open Banking/PSD2 Use Cases
FinTech Trends
1

Open Banking/PSD2 is all set to shake the financial services industry in 2018

Time and again we have positively accepted #Open creativities… be it when Philosophers guided us to have an open mind, Human resource [HR] representatives insisting on Open Communication or the new education system that does not mind in conducting open book test. Being #Open has helped, and this novice initiative …

Alphabets for Open Banking
FinTech Content

Alphabets of Open Banking

Alphabets of Open Banking            

banking-is-necessary-banks-are-not
Financial Inclusion
4

Open Banking – Is it comforting to customers or not?

Big changes are on the horizon. You may have seen or heard about Open Banking, PSD2, and CMA in the news over the past year. Or, you may be hearing about them for the first time right now. Fortunately, Open Banking is right here and it is going to stay. …