Compliance and Competitiveness - open banking


Compliance and Competitiveness

Why open banking may be the solution for banks

Payment initiation service providers (PISP) intiate payments between the payee’s and payer’s accounts and account information service providers (AISPs) aggregate information between customers’ payment accounts.

Executive Summary

As the European Union tries to respond to an ever-evolving payment landscape in Europe through the Revised Payment Services Directive (PSD2), banks are facing important challenges while trying to be compliant. The legislation created a panoply of opportunities, but also challenges, from a strategic, organizational, and technological perspective. As banks try to navigate this maze, they will need to reconsider their operating models and how open banking may be the next logical step.

PDF - 756kb

Inside Magazine EMEA Technology, November 2017

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).

PDF - 4mb
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