Traditional banks are making the commitment to BaaS models, open banking is driving digital financial services, regulatory bodies are increasing scrutiny when it comes to BaaS providers, the banking ecosystem is rapidly changing and increased competition and regulatory pressures are expected in the BaaS sector. The State of Banking-as-a-Service (BaaS) is a report prepared by […]
Open finance is expected to be regulated over the next few years, leading to a new open data ecosystem Open finance is making its way into the legal system through the consolidation of several initiatives that will lend it legal protection. Once this is complete, customers will have an open finance framework that protects their data […]
Digital banking or electronic banking is the future of the banking sector, with more and more functionalities and possibilities Digital banking, the virtual and infrastructure transformation of banking telecommunications, is increasingly used. Its ubiquity, accessibility, speed, availability, security and the diversity of available functionalities have clearly attracted users. What is digital banking? What are its […]
The foreign exchange (Forex) market is the world’s largest financial market. This market trades in the exchange rates of the entire planet through decentralized market mechanisms; this is where the value of each currency is traded. But what is a foreign currency and how is it different from a domestic currency? How and why was […]
Spain is in the midst of a banking transformation toward open banking thanks to the regulatory impulse at European level. However, adoption among bank customers is still too slow, which will have consequences in the future. In Spain, the digital transformation of banking, rather than a future promise, is already a reality. This new financial […]
Payment gateways have become one of the most widely used systems for completing online transactions. They move a large volume of transactions on a daily basis, so they cannot fail. And now, thanks to APIs, they also offer a new experience for the users who use them. In recent years, the dramatic growth of e-commerce […]
Various case studies are used to show how open finance enables the financial inclusion of SMEs and the economic growth of developing regions.
In 2020, the fintech industry consolidated in Spain, with a sector growth of +15% in the year
Real-time payments have become one of the most noteworthy innovations in the financial industry. Their growth in recent years has been significant thanks to the possibilities they offer companies, especially in customer relations.
Open finance has become one of the main drivers of digital financial change worldwide. Its implications go far beyond those of open banking and may serve to change the current financial paradigm in some regions such as Latin America or Africa.
