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Open Banking and financial inclusion strategy
1. What is open banking? Open banking allows third parties to access financial data such as current accounts, card accounts, savings accounts, loan information, and KYC information. In some markets like Europe,
Europe pushes Open Banking: Mandatory UX improvements on banking apps
How you see and interact with your online bank accounts is about to change. That’s because Europe is forcing change into the financial market. Digital transformation is a thing this decade. “Digital disruption,” startups
How does data work in open banking?
Open banking is a new financial ecosystem that allows users to securely share their personal financial data with third-party organizations, which can be fintech companies or other financial institutions. By sharing data,
Open Banking: A driving force for small and medium enterprises
SMEs are an indispensable component in the economic development of a country, playing an important role in creating jobs for the workforce, increasing state budget revenue, etc. However, the story of access
Security challenges in Open Banking and solutions
The development of Open Banking brings many opportunities but also presents challenges, particularly in the area of security. So what is the solution to security issues in Open Banking? Let’s explore with
Open API – The key to promoting open banking
The Open API has changed the way banks serve their customers, in order to improve the user experience and increase competitiveness in the market. This promotes the development of new operating models
Remote Signing – An irreversible trend
Since the COVID-19 pandemic, the need for remote work, online shopping, and digital communication has skyrocketed. As a result, the demand for secure digital signatures has grown exponentially. Remote Signing has emerged
eKYC solution using HyperLedger Fabric
The Central Bank of Bahrain (“CBB”) has has launched the eKYC by financial institutions in the Kingdom as part of its initiatives for digital transformation in the sector. The eKYC solution built
TrustCA Remote Signing – A breakthrough in the digital signature “race”
With the digital transformation wave sweeping across all industries, the application of digital signatures in electronic transactions has become more urgent than ever. However, the traditional USB token method has become one