Fintechs and regulators work to reach mainstream adoption
April 25, 2022
According to the European Payment Service Directive (PSD2), all banks operating in member states need to have an API that allows fintechs immediate access to data. But this initiative is often criticized for the limited approach toward the amount of data made available by the banks, which includes only the most basic transaction information.
When the right components are chosen, a truly future-proof network can be achieved — one that can support the transformative applications of our emerging reality.
Because resources are burdened with the day-to-day management of IT, some more strategic initiatives, such as business continuity planning, do not get the attention they deserve.
As companies store more data across on-premises, cloud, hybrid, and third-party systems — and as data regulations grow and multiply — companies must stay on top of the ever-evolving data landscape or risk sinking altogether.
The urgency to create full broadband coverage echoes past programs to develop nationwide networks for electricity, telephone, and interstate highways. Each of those ushered in major changes and improvements in communities across the country.
Monday became “Black Monday” for those who rely on Facebook, Instagram, and WhatsApp. The 8-hour outages on these apps left people confused — and services, such as Twitter, booming with the extra traffic.