Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


210 banking professionals met in Brussels last week to discuss the future of ‘open banking’ regulation as part of Vlerick Business School’s ongoing ‘Fintech Futures’ series.

The event, organised by the school’s Centre for Financial Services, saw professionals from across Europe discuss innovation in fintech, and specifically the European Commission’s forthcoming Payment Services Directive, ‘PSD2’.

Issues covered included:

  • How to support innovation in Open Banking
  • How to increase consumer protection
  • How to create a clear value chain for consumers

Tine Holvoet, from Vlerick’s Centre for Financial Services, organised the event and says, “Improving payment services through open banking is one of the main issues at play in fintech – but it is more than simply launching a new app. How this new market is regulated will play an important role in determining how successfully open banking can challenge the status quo and provide a better, cheaper service for consumers.”

 “PSD2 is due to be rolled out from 13th January 2018 and, implemented correctly, it should support innovation, ensure fair competition and enhance the security of payments for consumers”, she adds.

Maarten Verboven, Head of Product and Channel Management at Hello Bank!, attended the Fintech Futures event and says that the industry should embrace PSD2, “Banks are in an excellent position to use fintech innovations to explore new markets. Open Banking means we can offer new products and services to a young, dynamic community in the most seamless way possible.”