Open Banking

The financial industry is undergoing a profound transformation, driven by the rise of Banking-as-a-Service (BaaS) platforms that are enhancing transparency and creating new revenue streams for traditional banks. In a landscape where fintech and digital banks are gaining traction, technologically

Open banking APIs have become a cornerstone of modern financial services, enabling seamless integration between banks and third-party providers (TPPs). These integrations not only facilitate a more connected financial ecosystem but also boost customer experience by enabling a variety of new

The European payments landscape is undergoing significant changes. The SEPA Payment Account Access (SPAA) scheme, introduced by the European Payments Council (EPC), aims to enhance Open Banking in Europe. This initiative seeks to create an environment that encourages innovation, competition, and

Open Banking, introduced in the UK in 2018, has been a pioneering force in the financial sector, spearheading the movement towards greater transparency, competition, and innovation. This initiative has not only garnered attention within the UK but has also inspired similar ventures globally, each

Open Banking, introduced in the UK in 2018 as part of the implementation of the Second Payment Services Directive (PSD2), has brought about a significant transformation in the financial landscape. This innovative approach addresses the longstanding inefficiencies in traditional payment systems,

Albania is undergoing a sweeping transformation in its payment system, aligning itself with European Union standards through a mixture of legal reforms, regulatory updates, and technological advancements. This comprehensive modernization effort is led by the Bank of Albania, aiming to ensure that