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PSD2: Open APIs and Open Banking

Open APIs and Open Banking have grown over time from being a purely technical topic to being a strategic business accelerator that Banks cannot afford ignoring.

In the past decade, digital companies have proved very successful in opening their systems to connect with innovative firms outside their organizations, with the goal of delivering attractive services to their customers when and where the customer needs them. APIs and digitisation allow value to be created in a distributed way through an ecosystem of partners.

 Discover more about PSD2 impacts

Open Banking
TAS Open Banking

TAS Open Banking framework enables fast and flexible implementation of PSD2 compliance and unlocks PSPs’capability to develop and deliver new API based services.

    • Full availability of PSD2 regulated services
    • Available with an embedded API management services layer or with an integration interface to the API management SW already in use by the bank
    • Manages Smart Accounts, a value added service feature enabling the configuration of virtual customer accounts in association with TPPs Full compliance with SCA requirements
    • Natively integrated with Instant Payments gateways  

Download TAS Open Banking Overview

 
TAS TPP Enabler

TAS TPP Enabler is the newest solution designed for TPPs, offering easy "out-of-the-box" integration with emerging API standards of the Open Banking market. It enables TPPs to exploit the services exposed by PSPs thanks to its extremely flexible architecture and the extensive set of tested interfaces.

Key benefits:

    • Supports multiple open banking standardization initiatives
    • Simplifies onboarding and customer consent towards PSPs
    • Enables quick deployment of value-added services to any type of TPP (AISP/ PISP/CISP)
    • Offers a growing library of business APIs
    • Can be delivered on premise as well as over the cloud

  


PSD2 and the payments ecosystem metamorphosis:

How banks can save the banks

 

Vansnick With the activation of PSD2 regulation beginning in January 2018 for all EU countries, third parties will get access to financial data of banking customers under the condition that those customers gave their explicit consent. While this new legislation will open up the payment space for new Third Party Providers (TPPs) such as Payment Initiation Service Providers (PISPs) and Account Information Service Providers (AISPs), and as such create an increased competition for payments services traditionally offered by banks, PSD2 will also create new opportunities for corporates and retailers.

How will the landscape for financial services change?

 

 Read the insightful article by Alain VansnickSenior VP, Business Development EMEA of TAS Group, published on Bobsguide

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