Agile and Adaptable Technology Platforms - Easing the Insanity of the Post PSD2 World

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  • Agile and Adaptable Technology Platforms Easing the Insanity of the Post PSD2 World

    Seshika Fernando Head of Financial Solutions

  • About Us

    Get regulated financial services

    Get better healthcare

    Get new and convenient shopping experiences

    Get to places faster

    Get efficient public services

    Get cost saving benefits

    Get more customized consumer services

    Get more productive

  • Transactions per year

    5 Trillion

    1 Billion

    2005 2010 2012 2017

  • About You

    Credits to ProSymbols, Bence Bezeredy, Avnihan Kirisik, Artem Kovyasin and Bezier Master of the noun project

    27 Countries

    50 Banks 35 Fin Tech Providers

    6 Deadline Passed 12 Extended Deadline

    11 Regulatory/Govt

  • What should keep you up at night

  • What’s actually keeping you up at

    night

  • Banks

    ● Do I need to comply?

    ● What do I need to have in order to comply?

    ● Can my IAM step up to the challenge?

    ● How do expose APIs from my legacy systems?

    ● Will this be a sunk cost? Or can I get a RoI?

  • Banks

    ● Do I need to comply? [Article 2 of PSD2 Regulation]

    ● What do I need to have in order to comply? [APIM, API Security, TPP Onboarding, IAM]

    ● Can my IAM step up to the challenge? [MFA, Consent Management]

    ● How do expose APIs from my legacy systems? [Integration points, Connectors]

    ● Will this be a sunk cost? Or can I get a RoI? [Stay tuned]

  • TPPs

    ● How do I integrate Banks with multiple different API specifications?

    ● How do I do Transaction Risk Analysis

    ● How do I connect my TRA to my IAM to provide SCA exemptions?

    ● How do I standout among the rest?

  • TPPs

    ● How do I integrate Banks with multiple different API specifications? [API Integration]

    ● How do I do Transaction Risk Analysis [Real Time Analytics]

    ● How do I connect my TRA to my IAM to provide SCA exemptions? [Adaptive Authentication]

    ● How do I stand out among the rest? [Stay tuned]

  • ● Full PSD2 compliance including adherence to RTS for SCA and SC

    ● Provide standardised API Specifications for Payment and Account information

    ● Out of the Box API Security (OAuth2)

    ● Strong Customer Authentication (SCA)

    ● Adaptive Authentication based on rules defined

    ● User Consent Management

    ● Integration with core-banking systems & external services

    ● API Analytics & Business Insights with Dashboards

    ● API Monetization to create various revenue models

    Getting compliant using WSO2 Open Banking

  • What does it look like? Check it out at

    https://openbanking.wso2.com/

    https://openbanking.wso2.com/
  • Beyond Compliance – Market Expansion

    Bank A

    Bank B

    Bank C

    Merchant

    Consolidated customer account and payment

    info across multiple Banks

    TPPTPP

  • Beyond Compliance - New Revenue Streams

    Consolidated customer account and payment

    info across multiple Banks

    Bank A

    Bank B

    Bank C

    Merchant

    TPP

  • Becoming a Part

    of Customer Lifestyles

  • Open Technology for Agile Digital Business

  • WSO2 Open Banking

    API Management API Security + SCA Consent Management TPP Onboarding API Analytics

    PSD2 Compliance

    API Integration Fraud Detection Transaction Risk Analysis API Analytics Dashboards

    TPP Provider

    Web/Mobile App Suite Business Insights Insight Sales Required Integration

    Digital Transformation

  • Why WSO2 ● World class technology, preconfigured for full compliance and business expansion

    ● Proven track record of working with financial institutions of all sizes

    ● Standards-based API-M/Integration interoperates with COTS or bespoke tech

    ● Minimum impact/changes to existing internal systems and B2B integrations

    ● Ability to implement through Bank’s preferred local partners

    ● Structured training programs for IT staff, and focused workshops/hackathons

    ● Ability to seamlessly cater to evolving regulations and business priorities

  • THANK YOU

    wso2.com

    http://wso2.com/ http://wso2.com/ https://www.linkedin.com/company-beta/66028/ https://www.linkedin.com/company-beta/66028/ https://twitter.com/wso2 https://twitter.com/wso2 https://www.youtube.com/user/WSO2TechFlicks?sub_confirmation=1 https://www.youtube.com/user/WSO2TechFlicks?sub_confirmation=1 https://www.facebook.com/WSO2Inc https://www.facebook.com/WSO2Inc https://plus.google.com/102978163165933210309 https://plus.google.com/102978163165933210309

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