The revised Payment Services Directive (PSD2) has removed the market barriers and accelerated the need for differentiation in a competitive and globalised banking industry. It sketched out the first contours of the incoming ‘API era’, enabling a higher number of European players to unleash the value of banking and payments data and unbundle the banks’ products and services.
Nonetheless, PSD2 is just the starting point of any Open Banking journey. As payment-related services are becoming more widely adopted across the industry (e.g. POS payments, biller direct payment, etc.), there is still great room for innovation (and improvement) and Premium Commercial APIs are offering endless opportunities of API journeys and collaboration between industries. Speed should take up in the coming years with the widening of APIs scope (e.g. credit and lending) and audience (e.g. services dedicated to entrepreneurs and SMEs).
As a pan-European player, we offer a broad portfolio of Open Banking solutions, from Access 2 Account services for banks and TPPs to Premium use cases, empowering banks and third parties to improve their services and underlying processes for end-customers.
We help TPPs to seize new business opportunities opened up by Open Banking services and build out new services leveraging open API connections to bank data and services. Furthermore, we empower banks to explore new economic models, by distributing niche financial products and aggregating external data to orchestrate richer digital experiences.
Flexible solution that supports the creation and initiation of recurring payments based on SDD (SEPA Direct Debit)
Do you rather believe in SuperApps or in invisible banking?
Extend your customers’ experiences beyond traditional financial services, both inside and outside your existing channels, through the orchestration of ecosystems (BaaP) and the publication of premium APIs (BaaS).
In this report, in collaboration with Finextra, you will find deep insights on what’s next for Open Banking, and where the biggest opportunities lie. Get to know more on the learnings and goals of some of the key players in the market.
As a pan-European player we think ahead and respond to the opportunities offered by European legislation. We have also done that for PSD2. That is why we can now support our clients, when they want to seize the opportunities that Open Banking brings them all across the European banking landscape, so they can be ahead of the competition thanks to the unique reach and industrial scale of our PSD2 offer
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Digital & Open Bankingexperts
Drawing upon a long-standing expertise in the banking industry, our Product Managers are specialised in the field of identity, authentication, customer experience and payments.