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We celebrate Payment Components’ first 25 installations of Open Banking Components, sharing their top 10 technical aspects and business strategy takeaways.

With the continuing rise in online shopping and online banking (web and mobile) came a rise in cybercrime. To combat this, the European Banking Agency (EBA) presented it’s Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) in 2017.

Open Banking is a new way of thinking, bringing the opportunity for a rebirth of the financial industry. The moment has come for challengers to make their move and start using new Open API’s.