Equinix foresees global ‘network of networks’
Eira Hayward Fri 8 Jan 2021 // 07:00 UTC Share
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Sponsored As consumers rely less and less on traditional banking and look for the convenience and flexibility that comes with being able to keep in control of their finances from a mobile device, open banking is driving traction in real-time payments technologies that allow instantaneous money transfer.
Whether it’s mobile wallets, online banking, or peer-to-peer payments through PayPal - adoption rates may vary from region to region, but payment infrastructure providers around the world are moving to real-time payment platforms in order to meet consumer expectations, reduce friction, enable innovation and improve fraud detection.
Webinar - The impact on financial services as the EU drives from Open Banking to Open Finance This on-demand webinar examines the transition from Open Banking to Open Finance in the context of the direction the European Commission is going in transitioning to an open data economy.
The European Commission, through its Data Strategy, has set a goal to build a Single Market for Data in Europe – an open data economy. It has also made fostering a data driven financial sector one of its priorities, including a commitment to present a proposal for a new Open Finance Framework by mid-2022.