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All articles tagged with "Open Banking"

Are we more “Open” to Authorised Push Payment (APP)

Are we more “Open” to Authorised Push Payment (APP)

UK Finance has recently reported that Authorised Push Payment (APP) fraud was down in 2022 but it remains a persistent problem. Over £1.2 billion was stolen by criminals through authorised and unauthorised fraud in 2022. Could Open Banking introduce new avenues and potential risks that scammers could exploit and reverse the fall in APP fraud? Mark Beresford (Director, London) has asked the question - could Open Banking be an open door to more authorised fraud?

by Mark Beresford | Jul 03, 2023
5 mins read
Sweeping Variable Recurring Payments: A new frontier of Open Banking

Sweeping Variable Recurring Payments: A new frontier of Open Banking

Elisabetta Nadal (Business Analyst, London) has invested in whether Variable Recurring Payments (VRPs) will be a turning point for Open Banking solutions in the UK. What are VRPs, what is available today, what are the benefits for consumers, and what can we expect in the near future?

by Elisabetta Nadal | Jun 02, 2023
7 mins read
Seizing the SME card payment opportunity in Europe

Seizing the SME card payment opportunity in Europe

European SMEs (Small and Medium-sized Enterprises) have historically been underserved by payment-related actors, often squeezed between consumers and corporates by financial institutions. In this article written by Louis Wapler, Manager in EDC’s Paris office, in collaboration with Gregoire Toussaint, Director and B2B Payments practice lead, they analysed the topic of SME payment cards, focusing on the key aspects such as existing pain points and unmet needs and how card related services SMEs to overcome them.

by Louis Wapler | May 02, 2023
10 mins read
What the JROC milestone document reveals about Open Banking in the UK

What the JROC milestone document reveals about Open Banking in the UK

On Monday 17th April 2023, the Joint Regulatory Oversight Committee (JROC), co-chaired by the Financial Service Authority (FCA) and the Payment Systems Regulator (PSR), published its recommendations for the next phase of Open Banking in the UK. The report contains recommendations and it is effectively a roadmap for the future of Open Banking and payments in the UK. Mark Beresford (Director, London) and Elisabetta Nadal (Business Analyst, London) have taken some time to review and identify the implications of the report and consider other UK-wide financial services initiatives that have happened in recent history.

by Mark Beresford | May 02, 2023
15 mins read
Could Open Banking be open to the wrong type of participants?

Could Open Banking be open to the wrong type of participants?

Open Banking places the customer at the centre of the financial ecosystem, encouraging more innovation and the entry of new players to produce more specialized and pertinent financial products and services. Rawad Nasser (Consultant, Paris) has taken a closer look at the implications of the Open Banking technology from the consumers and merchants' perspectives and its potential future as a result of the upcoming regulations.

by Rawad Nasser | Apr 03, 2023
8 mins read
Open Banking Payment Methods – Driving Value for Ecommerce Merchants but Consumers Need to Benefit Too

Open Banking Payment Methods – Driving Value for Ecommerce Merchants but Consumers Need to Benefit Too

There are many successful use cases for Open Banking but payments is arguably not one so far. In this article, Volker Schloenvoigt (Director, London) highlights how it might be required for merchants to share some of the benefits with the end consumer to kick start adoption. 

by Volker Schloenvoigt | Oct 01, 2022
5 mins read
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