After painfully figuring out, adopting and stabilizing PSD2, PSD3 is already right at the corner. It's going beyond forcing banks to provide access to Third Party Providers to customer transactions and payment initiations with the customer's consent. The main challenge for banks is not the implementation, but capturing business opportunities around those regulations rather than seeing them as constraints.
In this talk, I will describe an Open Finance architecture which allows:
- Anticipating future regulations by structuring services that are secure and provide useful data, including strong customer authentication to confirm one's identity out of the box
- Setting up the right API management tools that can be used internally, for regulatory APIs and bankable APIs
- Providing additional services to consumers through extensible web interfaces
