Regulation — yes, regulation — appears to pushing European banks to innovation, but perhaps not in ways anticipated by regulators. Lloyds Banking Group is considering an account aggregation service that would allow its consumers to pull in data from other financial institutions. While the plans appear to be at theRead More
Post Tagged with: "Lloyds Banking Group"
TEL AVIV — A much-maligned European Union banking regulation may have some unexpected, positive consequences. The Second Payment Services Directive, known as PSD2, will require EU banks to open the EU payment market to companies offering consumer or business-oriented payment services based on the access to information about the paymentRead More
On the surface, Apple Pay should make bankers quake. Apple is not required to be a bank in order to offer banking services — which, let’s be honest, includes payments. So why aren’t bankers panicking? The video below, which features Mark Curran, payment technology services director at Lloyds Banking Group, andRead More