Innovations for banks in 2019 – Personal credit without justificationOn April 18, 2019 by admin
Advances in technology and changes in regulation will bring changes to banks. The financiers and those who are in the habit of juggling capital may be aware of the news of the year 2019. Individuals, the self-employed and SMEs / PEPs, too, must know them.
Withdrawing cash at the cash desk
The exit of the decree of application of the withdrawal of cash in cash is expected in France before the end of the year 2018. Commonly called “cashback” in English, this mode of payment without contact, but rather by card, will be legalized in French territory. As a reminder, the Parliament introduced it in the ratification order for the 2nd version of the Payment Services Directive or DSP2.
APIs for French banks
French banks have nine months to publish their programming interfaces. Known as the common API, these technical concepts allow operators to visualize the transactional data of their customers. Of course, these operators can not access them without the authorization of each of their customers.
Tariff pressure on financial institutions
In France, it is a little the answer to one of the claims of the Yellow Vests. The latter have indeed demanded the improvement of the purchasing power of the French. For example, banks commit to cap incident costs at € 25 per month for French people who are constantly experiencing financial problems. These customers include those who benefit from the Fragile Clients Offer.
Instant payment accessible to the public
In France, banks connect to the Target Instant Payment Settlement. This allows them to credit money to their customers in just seconds, at any time, and even on holidays. Here are the conditions:
- Transactions are carried out in the SEPA zone, that is to say the zone constituted by the 28 EU countries and the members of the European Free Trade Association or EFTA ;
- The transfer is less than or equal to 15 000 €.
Note that the TIPS is a technical platform that was launched in 2017 thanks to the initiative of the Central Bank.