Payment Services Directive 2: PSD2 sparks innovation in Open Banking ecosystems

  • Mounaim Cortet Nils Jung
  • PaymentsArticlePSD2English contentOpen Banking

With the legal framework that will enable “the practical implementation of third party access to account” (XS2A) as part of the revised Payment Services Directive (PSD2) almost finalised, Innopay's Mounaim Cortet and Nils Jung teamed up with Deutsche Bank to look at how the industry can leverage this opportunity to develop functional, operational and technical solutions.

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RTS on SCA & CSC: Unravelling EBA’s view on screen scraping

  • Mounaim Cortet Vincent Jansen
  • ArticleAPIPSD2English contentOpen BankingXS2ACommunication InterfaceScreen ScrapingRTS

Innopay’s PSD2 experts, Vincent Jansen (Partner) and Mounaim Cortet (Manager Strategy), recently shared their views on the RTS in a webinar which attracted broad industry attention. Several attendants of the webinar were interested to learn more about the RTS requirements regarding the communication interface and particularly on the future of “screen scraping”. In this article, Vincent and Mounaim further elaborate on the presented views regarding the communication interface and screen scraping for the purpose of third party provider (TPP) access to accounts (XS2A).

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Banks will lose when not changing their perspective on how to realise customer centricity

Becoming customer centric, means that traditional banks need to be in it for the long haul and go through a long, disrupting and often uncertain transformation. It is therefore imperative to balance long term spend with effective short term results. Therefore, contrary to conventional approaches, Innopay advises to start with establishing an activity-based view of the existing operating model to enable banks to deliver these short term results. This is the only way to face competition, deal with regulation and safeguard and sustain client relationships.

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GDPR can significantly limit the value potential of Account Information Services

  • Friso Spinhoven
  • PaymentsArticlePSD2GDPRAIS

The introduction of Account Information Services by PSD2 allows account holders to access information on their payment accounts through an AISP. But as the information can contain personal data, GDPR may significantly limit the value potential of Account Information Services.

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Open Banking Blog 4: Aktuelle Entwicklungen zur API Standardisierung in Europa

This blog forms the fourth in a series of 7 blogs by Innopay Germany on 'Open Banking: Understanding the business relevance for banks'. The blog series will outline all relevant aspects with regards to „Open Banking“. This blog series is based on the Open Banking Information Paper “Understanding the business relevance of Open APIs and Open Banking for banks“, which Innopay developed in close cooperation with the EBA Association.

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Open Banking Blog 3: Finanz-APIs benötigen Regelungen weit über die technischen Aspekte hinaus: Beispiele von Open APIs in der Finanzindustrie

This blog forms the third in a series of 7 blogs on 'Open Banking: Understanding the business relevance for banks'. The blog series will outline all relevant aspects with regards to „Open Banking“. This blog series is based on the Open Banking Information Paper “Understanding the business relevance of Open APIs and Open Banking for banks“, which Innopay developed in close cooperation with the EBA Association.

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Open Banking Blog 2: Wertschöpfung durch ‘Open APIs’ – „Erfolgreiche API Strategien sind nichts Neues“

This blog forms the second in a series of 7 blogs on 'Open Banking: Understanding the business relevance for banks'. The blog series will outline all relevant aspects with regards to „Open Banking“. This blog series is based on the Open Banking Information Paper “Understanding the business relevance of Open APIs and Open Banking for banks“, which Innopay developed in close cooperation with the EBA Association.

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Open Banking - Öffnung als zentrales Element der zukünftigen Bankenlandschaft

The first of a series of seven German blogs outlining all relevant aspects with regards to „Open Banking“ introduces the key technical concept of APIs and the degree of openness of APIs. The series is based on the Open Banking Information Paper “Understanding the business relevance of Open APIs and Open Banking for banks“, which Innopay developed in close cooperation with the EBA Association.

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EBA RTS: Three key business implications for bank decision makers

  • Mounaim Cortet Vincent Jansen
  • PaymentsArticleEnglish content

The European Banking Authority (EBA) published its long-anticipated Regulatory Technical Standards (RTS) on strong customer authentication and secure communication on 12 August. Core to the RTS is the development of adequate measures to address security challenges that emerge from enabling third party access to payment accounts for Payment Initiation and Account Information Services (‘XS2A’). In this blog Innopay’s PSD2 experts elaborate on three key RTS business implications for banks

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First-hand experience: developing a blockchain solution to reduce double financing risks in SME financing

In our previous blog, Friso Spinhoven and Douwe Lycklama discussed the demonstration of ‘track & trace’ of invoices statuses for improved risk management in factoring accounts receivables. This blog reports on the development of a blockchain registry to cope with double financing risks

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