TOKYO – Next generation payments software technology provider, Episode Six, today announced it is opening an office in Tokyo to meet the growing demand for fintech solutions in Japan and the Asian region. In addition, payments and finance industry veteran Oko Okamoto has joined Episode Six to oversee the new Tokyo office as general manager of Episode Six Japan. Read the full announcement here.
As the European Union launches its open banking initiatives, EU citizens are already becoming accustomed to further transparency on part of their banks. Agencies in the U.S., however, have yet to adopt such regulations, which is why open banking in the country will be driven by consumer preference. Read the full story in Bank Innovation
The EU Revised Payment Services Directive, or PSD2, came into effect January 2018. While this expansive regulation includes numerous updates, the requirement for financial institutions to participate in an open banking system is arguably the most disruptive. PaymentsJournal
In 2018, China, Japan and South Korea are poised to lead the charge for exciting innovations in fintech . As the year unfolds, here are three trends coming out of Asia to keep an eye on. Read the full story in PaymentsSource.
Based on the results so far, Episode Six‘s next-generation software for companies issuing payment products is a hit, CEO John Mitchell said. Featuring future-proof technology, Episode Six allows banks, financial providers, and retailers to build highly customizable payments platforms that let them decide exactly what eWallet, loyalty and reward programs, and other payment options to offer their customers. Read the full story in Bankless Times.
Preparing for an imminent future when the average customer rarely visits a branch, some banks are diverting additional resources into development of mobile-only services that do a lot more. Read the full story in American Banker.
In the past five years, the B2C payments space has seen significant advances. The widespread adoption of mobile wallets, the rise of contactless payments in Asia, and high popularity of peer-to-peer payment platforms exemplify how B2C payment solutions are rapidly evolving to keep up with consumer demand for simplified, secure transactions. Read More
The EU Revised Payment Services Directive, or PSD2, came into effect January 2018. While this expansive regulation includes numerous updates, the requirement for financial institutions to participate in an open banking system is arguably the most disruptive. Read More
In Q4 2017, I touched on three data-backed reasons why Asia is the perfect incubator for fintech innovation. The region has leapfrogged legacy payment methods, China’s government endorsed the Social Credit System (SCS) – which translates into the greater potential to open the fintech market beginning in 2020 – and simply put, consumers in Asia are much less worried about online security when compared to consumers in America. Read More
On October 31, millions of American children (and some young-at-heart adults) will dress up and go trick-or-treating for Halloween. But in the banking world, it’s the Brits who have all the treats as the country’s top banks prepare to open their APIs to licensed startups by the January 13, 2018 deadline. Read more.
A report released by Ernst & Young and major Singaporean bank DBS November 2016 declared China the “undoubted centre of global fintech innovation and adoption.” And China isn’t the only Asian country making waves in the fintech sphere. Read More