The regulator urges various initiatives for financial institutions to create access to data and information by third parties, whose seclusion is not justified. Details of this market opening in the financial industry, fostered by the Payment Service Directive PSD II, have been specified in two major points recently published as “RTS” (Regulatory Technical Standards) by the EBA: strong customer authentication and secure communication for electronic payment services. These regulations have major consequences on the current standards and established processes with cashless transactions.Continue
The following database gives an overview of innovative products and services in the market for financial services. Based on the product, the database provides company information, a short description, and the respective segment.