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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.

241 opinions 66 members 16 January 2025

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?