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Spire and Salt Edge come together to empower Bahrain’s corporate banking future with open banking

The Payments Association

Under the new regulations, banks must now allow account information service providers (AISPs) and payment initiation service providers (PISPs) access to account information for legal entities after securing their consent.

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Open Banking Rolls Out Payments Initiation API

PYMNTS

bank-funded entity that was mandated by the Competition and Markets Authority to provide new ways for customers to share their financial data with non-bank providers, has released an API specification for accounts and transaction information and payments initiation. Open Banking, the U.K.

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Salt Edge and Saga Partner to Meet Latest Open Banking Regulatory Requirements in Serbia

The Fintech Times

Specifically, the banks will gain access to Salt Edge’s Open Banking Compliance Hub which will provide them with PSD2 and open banking-compliant APIs, a robust TPP verification system, secure payment and account access with full SCA and dynamic linking compliance, consent management tools, and detailed reporting capabilitiesall for a cost-effective (..)

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Salt Edge Partners With Spire to Help Bahraini Banks Extend Open Banking to Corporate Accounts

The Fintech Times

Under the new regulations, banks are now also required to allow Account Information Service Providers (AISPs) and Payment Initiation Service Providers (PISPs) access to account information for legal entities after securing their consent.

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FIs Embrace FinTech Options To Bolster Business Banking

PYMNTS

This week's look at the latest in open banking and bank-FinTech collaboration finds financial institutions (FIs) exploring both partnerships and acquisitions to strengthen their offerings for corporates, while third-party service providers have also boosted their data-sharing capabilities to empower those financial service provider tie-ups.

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Multi-Bank Connectivity Puts The Pressure On Treasury Tech

PYMNTS

But with expectations that more corporates will outsource functions like multi-bank connectivity, Lutz said it’s up to these third-party service providers — especially banks — to be up for the task of managing growing complexity resulting from regulations, faster global payment initiatives, and intensifying data integration needs.

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KPMG: 2018 Was The Year of Democratization

PYMNTS

While traditionally, banks have controlled the infrastructure, hardware and operating systems for financial services, new entrants may have the agile infrastructure and innovative propositions to personalize to meet individual consumer needs.