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Open Banking - PSD2: Thoughts and Discussions

08 January 2019 1 comment

Retired member

Make versus Buy - Develop your own API's or simply Buy from a Trusted 3rd Party?
Should Bank's also be TPP's?
Monetisation
BigTech/FinTech - Competitors or Collaborators?
PSD2 and GDPR - dichotomy?
How do Visa and Mastercard react to PIS?
Different adoption rates for AIS and PIS?
Wild West without SCA?
Liability - Banks or TPP's?
PSD3?

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Open Banking regulation, innovation and technology and it's potential to revolutionise the Financial Services Industry.

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Paul Love VP Business Development at Konsentus

09 January 2019

Brian, Some good thoughst - my contrbutions below:

Make versus Buy - Develop your own API's or simply Buy from a Trusted 3rd Party?
- How modern/open is your CBS?
- Do you have the time and energy?
Should Bank's also be TPP's?
- Yes
Monetisation
- The hardest question here - lead or be led?
BigTech/FinTech - Competitors or Collaborators?
- Collaboration is the current favourite.
PSD2 and GDPR - dichotomy?
- Too deep, both are worthy causes mired by poor regulation and implemetion.
How do Visa and Mastercard react to PIS?
- Adapt or die.
Different adoption rates for AIS and PIS?
- They are differnt things, like comaparing newspaper vs letter.
Wild West without SCA?
- A worthy cause mired by poor regulation and implemetion
Liability - Banks or TPP's?
- Follow the money - banks hold the money!
PSD3?
- A second vote on PSD2?