retail

Payments in Times of Open Banking

The retail landscape has undergone a significant shift over the last decade. The traditional sales channels have been amended with or even replaced by digital channels through which consumers prefer to make their purchases. Retailers had to rethink their customer engagement models and the changing customer expectations did not only affect the retail industry but…

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Open Banking as an opportunity for retailers

Open banking is set to have a major impact on the financial services industry. In the last few years, open APIs have gained traction and financial institutions are revisiting their channel and partner strategies accordingly. The revised Payment Service Directive, known as PSD2, is one of the driving forces behind this evolution. The European Commission…

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