Open banking coming to website
on: 27/04/2018 | 09:36
on: 02/05/2018 | 16:15 - edited: 02/05/2018 | 16:18
Apologies, just had one of those moments where I assume all our members are mind readers.
PSD2 stands for Payment Services Directive 2, which is a European regulation that came into effect this year, which aims to harmonise and standardise how all services that provide payment services (such as banks, credit cards and e-wallets) work across all European Territories. The recent changes (from PSD1 to PSD2) are pretty much enabling the possibility of implementing open banking as they want to promote more innovative offerings and ways to offer payments. It is also the first time that it has been ruled that a customer owns his personal data instead of a bank, which allows them the possibility of sharing that data if they wish to with other service providers to gain extra services not provided by their original bank.
An example of this would be the gameplan app, where you can tell your bank to share some of your data with us and we offer the service of categorisation of your spending and provide you with notifications when we believe you could be saving money in some of your bills.
It's a pretty big deal as it opens up the gates for one of the largest banking revolutions in the past century. Very exciting stuff!
(And just realised how sarcastic that sounded. 
I am actually genuinely excited about this.)
on: 03/05/2018 | 20:12
Hi @juan_p
Desktop:
Like the smooth intuitive flow of working through the process then linking bank account
The Highlights animation is great! Maybe a bit slower to make it that bit easier to follow?
It does seem a bit odd to have the information in just the centre of the screen but I do understand this is because it's based on the mobile version.
Mobile:
Again, intuitive flow
I like the Highlights animation, but with the mobile is there a way to make sure the whole bar sits on the screen when the animation is active?
For both:
I'm sure it will be included, but just asking... how would I disconnect my account and delete my information?
Great work! Looking forward to the final product!
Best wishes, Andrew
on: 09/05/2018 | 21:09
mangowalk wrote:
Hey juan_p thanks for the update
but what does PSD2 stand for?
did you get an answer on this ? i am wondering the same !
on: 09/05/2018 | 23:36
It is yet another EU Directive following on from their original inniative.
(Revised) 'Payment Service Directive' governs open Banking Apps and Websites Information. The intention is to remove Bank's Payment Monopoly allowing regulated third parties to offer services direct to the Bank's Customers.
The inniative is not without risks. Customers using unauthorised Apps will be unlikely to have recourse to compensation, screen scraping is currently allowed so the big question will be when you give and withdraw your consent will your wishes be respected?
Only time will tell.
