PSD2: Background and progress PSD2 and Open Banking are the two concepts being heavily discussed by market participants, experts and all the interested parties since first offered in 2013. We have also previously spoken on the subject. But the more time passes the more interesting it is to watch how the situation evolves and what’s...
GDPR: Protecting consumer data On 25th may 2018, the new GDPR laws established by EU commissioner pertaining to EU economic area and European Union citizens and residents came to life. The new rules announced two years prior, promised steep penalties starting at $10million or 2% of annual company turnover and up to $20m or 4%...
If you are planning to provide payment services or issue electronic money, you will need to apply with the FCA for registration or authorisation, either as a Payment Institution (PI) or Electronic Money Institution (EMI). We’ve put together a quick-fire guide that will help you navigate your way through the various documentation and...
Open Banking Report 2018 by the Paypers is the ultimate source of thought-provoking insights by the leading voices of FinTech
Though in Europe there are more than 6000 credit institutions, banks, financial companies, and more, top payment consultancy INNOPAY has listed only 32 banks who work with Open APIs. SDK.finance team headed by our CTO, Pavlo Sidelov decided to perform our own analysis of the technical state of the enlisted APIs. What we have found...
“Why we stopped selling to banks and decided to focus on FinTechs” by Alex Malyshev, CEO of SDK.finance
Since 2015, we’ve accumulated a wealth of experience and communications with banks from different European countries such as the Netherlands, Poland, Ukraine, the Czech Republic, France, Ireland, Baltic states, and more. In 2016, our hypothesis was that we would jump onto the bandwagon of PSD2 with European banks. We did a bet on this, and,...
Can you imagine a modern city without electricity? Sounds like a scene from an apocalyptic-themed movie! So, let’s try to imagine the realities of such an existence. First that pops up in our mind is the lack of internet, TV, and radio – which prevents people from receiving and exchanging information with the “outside...
Based on the huge amount of recent appeals, fears and concerns, which are caused by coming directive PSD2 in 2018, SDK.finance decided to dedicate this article to potential participants of the future transformation processes in the banking and financial spheres. PSD1 has just built legal framework, creating payment institutions, however, it did not bring enough...
SDK.finance has presented a solution to the late invoice payments problem at ING’s 24H-CodING Hackathon. The event took place in Katowice, Poland, May 12th &13th and enabled the 55 teams from all over Europe to demonstrate the immense potential of the open banking ecosystem via their solutions. SDK.finance team was incredibly proud to be part...
“PSD2 will make the regulator happy, but not automatically your customer” Alex Malyshev, CEO of SDK.finance
SDK.finance an European software FinTech vendor reveals the strategic options of partnering with banks over the course of PSD2 implementation. Alex Malyshev, CEO of SDK.finance urges banks to think beyond the scope of PSD2 requirements and focus on customer’s needs. “PSD2 will not turn banks into a digital era bank. Banks should definitely think how...
SDK.finance has built API for KB (Komercni Banka, a subsidiary of Societe Generale) during the Hackathon organized by Startup Yard & KB, and integrated it into its framework. The Inaugural Banking coding event took place in Prague, Mar 24 – 26 and hosted 11 talented teams. SDK.finance was awarded a third place. It was a...
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