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February 22, 2017

Unleashing Innovation with Open APIs and Open Banking

Posted by Arun Krishnan (View Profile | View All Posts) at 10:33 AM

Banking as we know it will cease to exist in 2017, and regulators and governments have recognized the need for open banking initiatives in the current environment. The Indian Government recently launched the United Payments Interface (UPI), and the European Union passed the PSD 2 regulation to promote open banking. With open banking initiatives and regulations coming into play in the global arena, it is a clear sign for banks to change their traditional mindset and collaborate to innovate.

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April 1, 2016

Open Banking

Posted by Arun Krishnan (View Profile | View All Posts) at 10:55 AM

Last year the European Union Council passed the revised Payment Services Directive (PSD2) that mandates the opening up of banks' payment APIs. The National Payments Corporation of India has introduced unified payments interface APIs, wherein anyone can initiate a payment transaction and create unique payments experiences.

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