How to Establish Open Banking Step by Step and Be PSD2 Compliant?
September 26, 2017
As the year is coming to a close, many wonder how to get a fast track to PSD2 compliance and full digital transformation. Yet, sometimes, killing two birds with one stone can’t be realistic, and, what’s more, can be exhaustive and lead to serious errors.
Under the pressure originating from numerous directions and loaded with regulatory requirements, it’s good to know that digital transformation of the entire bank can’t and doesn’t have to be completed in the timeframe for PSD2 implementation. The most important fact is actually to take into account what must be done to achieve PSD2 compliance, accompanied with the regulatory standards which should be implemented. Bearing this in mind, the focus of the second webinar in the series of free webinars dedicated to PSD2 organized by Asseco SEE is the PSD2 API Enabler Package (XS2A).
With regard to Access to Account (XS2A) and Payment initiation, the Directive mandates to provide Third Party Providers (TPP) after the bank customers (PSU) consent, access to the following banking services:
- Confirmation of availability of funds service (Art.65)
- Payment initiation service (Art. 66)
- Account information service (Art. 67)
The webinar discusses the necessities and nice-to-have functionalities, so that banks and financial service providers can decide which approach to take based on their own capacities and endeavors. To find the optimized solution for the challenges you are facing and gain insights into the benefits of Asseco SEE PSD2 proposition and demo, you’re invited to watch and download the webinar which can be accessed on demand.
The first webinar in this series is also available! To gain a comprehensive overview and discover how to address PSD2 requirements with smart authentication solutions, click here to download!