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7 Sep 2023  |  Blog

Banfico Knowledge Series: CoP / IBAN Name Check

Banfico Knowledge Series on Account Name Validation is an initiative where we share market updates and insights into specific areas related to Confirmation of Payee (CoP) & IBAN Name Check that are relevant to all market participants including banks, PSPs and corporates.

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22 Nov 2022 | Blog

IBM API Connect in Saudi Open Banking Implementation

Banfico had meetings with many of the financial institutions in KSA on the Open Banking implementation in accordance with...



06 Nov 2022 | Blog

Saudi Open Banking Out-of-the-box solution

Banfico becomes the first technical solution provider in the Saudi market to offer a fully compliant out-of-the-box solution as per...



29 Jun 2022 | Blog

CP22/2 – PSR CoP Consultation for UK-wide Rollout

Confirmation of Payee is a name checking service for UK-based payments which Pay.UK launched in 2020 and ...


24 Feb 2022 | Blog

OB Directory: Mitigating Open Banking Risk

Under PSD2 and the UK’s Open Banking Regulation, banks are required to allow third parties with the....



26 Jan 2022 | Blog

The End of MCI as Primary Open Banking Interface

On November 29, 2021, the Financial Conduct Authority (FCA) published a Policy Statement on “Changes to...



30 Sep 2021 | Blog

Brazilians Welcome Open Banking

In the two years since Open Banking was approved by Brazil’s Central Bank, there has been a great deal of progress ...



26 Jul 2021 | Blog

Deadline Extension for Strong Customer Authentication

Strong Customer Authentication (SCA) is a key part of the Second Payment Services Directive (PSD2) ...



12 May 2021 | Blog

The Benefits of Implementing CoP for Banks and Financial Institutions

As financial technology improves rapidly, it brings with it increasingly sophisticated forms of fraud. Malicious actors ...


24 Nov 2020 | Blog

Brexit, eIDAS Revocation and FCA Changes to Open Banking Identification Requirements

What is the future of TPP certificates after Brexit? The European Banking ...


9 Oct 2018 | Blog

SMS OTP – PSD2 SCA Compliant or Not?

This is probably simple topic but banks have put lot of efforts into its discussion of whether SMS/OTP is RTS-SCA ...



30 Jun 2018 | Blog

Separation of Concerns – IAM and API Management

Often PSD2 Implementation is focused around API Management. Identity & Access Management (IAM) is much ...



30 Sep 2021 | Blog

Brazilians Welcome Open Banking

In the two years since open banking was approved by Brazil’s Central Bank, there has been a great deal of progress ...



24 Nov 2020 | Blog

Brexit, eIDAS Revocation and FCA Changes to Open Banking Identification Requirements

What is the future of TPP certificates after Brexit? The European Banking Authority (EBA) announced in July this year ...


26 Jul 2021 | Blog

Deadline Extension for Strong Customer Authentication

Strong Customer Authentication (SCA) is a key part of the Second Payment Services Directive (PSD2) and a ...



17 Aug 2020 | Blog

Brexit and eIDAS Revocation

eIDAS & ETSI TS 119 495 Standard & PSD2 RTS The eIDAS Regulation is Regulation (EU) 910/2014 on ...




9 Oct 2018 | Blog

SMS OTP – PSD2 SCA Compliant or Not?

This is probably simple topic but banks have put lot of efforts into its discussion of whether SMS/OTP is RTS-SCA ...



30 Jun 2018 | Blog

Separation of Concerns – IAM and API Management

Often PSD2 Implementation is focused around API Management. Identity & Access Management (IAM) is much ...



10 Jun 2021 | Blog

Confirmation of Payee: Why It Should Be Mandatory

The growth of online banking and payments has seen a corresponding rise in fraud. Scammers have become ...



12 May 2021 | Blog

The Benefits of Implementing CoP for Banks and Financial Institutions

As financial technology improves rapidly, it brings with it increasingly sophisticated forms of fraud. Malicious ...