I think I got a clear steer on areas for innovation at Next Bank Europe in Barcelona, and you won’t be surprised to discover that the top ones are all related to identity, not money.
A new approach at Next Bank Europe
Category: Banking and Finance
API Blast ends with part 3: euro-API, OTT, DGComp and DGInt
It is interesting to speculate on what will happen to the value chain when the euro-API is in place. Will the European Commission create a vigorous and dynamic financial services world, or replace its bogeymen (Visa and MasterCard) with bugaboos (Facebook and Google)?
API Blast part 2: ECB, EBA and DAG
In time, banks are going to be “Amazonised” and will open their APIs both internally and externally. So what should the focus of the API be? The customer, maybe, rather than their money.
API Blast part 1: PSD, XS2A, TPPs and PSPs
It’s important to understand why APIs are so strategically important, not only in the payment space but in the financial sector as a whole. I thought I’d put together a few posts on the European banking API environment because it is rather dynamic at the time of writing. So here we go!
Bank camp
The bank will change from being the place that looks after your money to being the place that looks after you identity.
APIs and app stores and the future of banking
APIs will certainly revolutionise the services the banks provide, but they will also revolutionise the way banks work.
Speed is just a question of money (except when it comes to payments)
People spend a lot of money to send financial data faster and faster.
Remittances need reasonable regulations
Perhaps I’ve been reading this wrong, but I think that the British government is recommending suitcases full of cash as an alternative to using the international banking system.
Why is there a magnetic stripe on my card at all?
Why do my UK card issuers insist on putting magnetic stripes on my payments cards? Why are they still embossing them? Where do they think I’m going to go on holiday? 1972?
Cheques and checks are both going nowhere
The British government (inexplicably) want “cheques to have a crucial role in the ongoing success of the UK”. I don’t understand why and I strongly suspect they don’t either.
