Openbank

Attention! From now on, you are blocked on all channels — private and business. You will no longer have access to your social media accounts, your banking app, and even delivery services will no longer be available to you, effective immediately. Justification: Your private communication does not comply with the…

It’s 2021 and we are reimagining financial services. Starting from customer onboarding to customer engagement process, every customer touchpoint is redefined to be in line with the need of Millennials and Gen Z customers. …

In the last five years, we have seen four times growth in the number of neobanks globally. In contrast with the reports, it is observed that from 2018 to 2020, there has been a dip in customer trust by 2.9%. So, Digital banking startups are in a tough spot. Suppose…

Banking is an early adopter of advances in computer and information technologies since the 1950s. In the last decade new technologies have helped improving customer experience and accessibility. However, banks have been mostly insulated from real digital disruption which we have been witnessing in other industries like retail and media…

Thinking strategically about your Payments business July 2020 We are in a period of unprecedented change in Payments and Transaction Banking across the globe. Our industry faces a significant number of disruptive factors including regulation and scheme-transformation, alongside challenges from neo-banks and FinTechs. Customer behaviours are being influenced by evolving…

Management Information (MI) and how organisations can use those to make their strategic planning is a key area in modern business. For the same requirements banks also use and need this MI. The banking industry is currently in an era where it is moving to more digitalization with the emergence…

PSD2 and Open Banking have been trending topics for some time now. If you are still new to these concepts, let me explain the basics you need to know before you dig deeper. What is PSD2? The Payment Services Directive (PSD2) is a European directive (a legislative act that sets out a goal)…

PSD2 is the most common word we are hearing in Open Banking space. It’s considered as the backbone of Open Banking. What is PSD2 ? This is an extension or up-gradation of the Payment Services Directive of from EU. …

Hey there, If you have a valid WSO2 subscription, you can try out setting up the solution. Let’s get started: I’m using an Ubuntu with a MYSQL 5.7.24 server to deploy the solution. Get the WUM updated WSO2 OB packs. For WSO2 OB Key Manager: wum add wso2-obkm-1.4.0 For WSO2…