PSPs in Europe: How to Stay Afloat in Choppy Waters

  • Mounaim Cortet Walter Lutz David Mintjes
  • PaymentsE-BusinessArticleEnglish content

Easy days for PSPs are over as retail prices for online transactions are dropping heavily with 10-15% p.a. This blog suggests four strategic options PSPs can pursue to remain relevant in their consolidating industry.


Virtual Bank Accounts: not living up to their potential… yet

  • Pieter Nijs
  • PaymentsArticleEnglish contentCustomer in control

This blog sheds light on today’s Virtual Bank Accounts market; it explains why banks are struggling to unleash Virtual Bank Accounts’ potential (or choose not to enter the market at all), and what changes are necessary to enable them to do so.


eIDs for KYC: no silver bullet yet, but golden potential

  • Friso Spinhoven Eefje van der Harst
  • Digital identityEnglish contentOnboardingKYCeIDAML

This blog elaborates on how financial institutions and Digital Identity Service Providers can play a role in aggregating information from different national electronic identity (eID) schemes to streamline KYC-processes.


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.


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).


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.


PSD2 XS2A: who is liable in case of an unauthorised payment

  • Friso Spinhoven
  • PaymentsPSD2English content

In this first blog on liability under PSD2, we analyse the liability of PSPs in case of unauthorised transactions. Several factors play a role in determining who is liable, amongst which in whose ‘sphere of competence’ authentication of the user takes place.


Innopay's FinTech Magazine article on Open Banking

  • Vincent Jansen Shikko Nijland
  • ReportsAPIPSD2English content

Innopay has published an article on Open Banking in the FinTech magazine of the 'Financieel Dagblad'. The article is called: "Resharing data is the new 'apping'".


Cost sharing mechanisms to stimulate behaviour in healthcare: are we doing it all wrong?

  • Josje Fiolet Maaike van der Meer
  • PaymentsEnglish content

This blog gives further insight and deepening into the different financial incentives in health care and builds towards the question if we should consider different systems


Considering APIs to drive new business? First understand what the techies are talking about

  • Tom Rijks Wouter van Schaik
  • PaymentsAPIEnglish content

Do you as a business person understand the lingo that techies use when they talk about API? It is crucial to understand each other in order to succeed when using APIs to opening up your business. Learn the lingo today.