webinar: technology insights - psd2

14
Internal Technology Insights – PSD2 A webinar series from OpusCapita 26.04.2022 Technology insights - PSD2 1

Upload: ulla-kenttae

Post on 11-Jan-2017

40 views

Category:

Economy & Finance


2 download

TRANSCRIPT

Page 1: Webinar: Technology Insights - PSD2

Internal01.05.2023 Technology insights - PSD21

Technology Insights – PSD2A webinar series from OpusCapita

Page 2: Webinar: Technology Insights - PSD2

Internal

Agenda

• Introductions• What is PSD2• Where is it impacting us today• What can we expect from the future• Closing remarks

01.05.20232 Technology insights - PSD2

Page 3: Webinar: Technology Insights - PSD2

Internal

Rowan Lemley (host)

Introductions

01.05.20233

Jukka SallinenHead of Cash Management

Technology insights - PSD2

Page 4: Webinar: Technology Insights - PSD2

InternalInternal01.05.2023 Technology insights - PSD24

OpusCapita by the numbers

Company:

• Founded 1984

• Over 2100 employees

• Revenue €257 million (2015)

Buyer-Supplier Ecosystem:

• 8 000 customers in over 100 countries

• ~100 000 suppliers

• 600 million transactions annually, 200 million processed purely electronically

• 40 million different products bought and sold

Page 5: Webinar: Technology Insights - PSD2

Internal01.05.20235

What is PSD2?

Technology insights - PSD2

Opening the EU banking market

for 3rd party providers

Introduction of security

requirements for consumer

protection and rights

Turning point for traditional banks and opportunity

for Fintechs

Page 6: Webinar: Technology Insights - PSD2

Internal

The core of changes – PISP and AISP models

01.05.2023 Technology insights - PSD26

Source: Accenture

Page 7: Webinar: Technology Insights - PSD2

Internal

Where is it impacting us today?

01.05.2023 Technology insights - PSD27

*Source: Deloitte

Page 8: Webinar: Technology Insights - PSD2

Internal01.05.2023 Technology insights - PSD28

Practical next steps

• Implementation of Regulatory Technical Standards (RTS)• Provision to EU member state legislation• Trade offs between market needs

– Should be high degree of security but also facilitate innovative means of payment– Only high level standards to support innovation vs. detailed level standards to support

integration– ”Onerous authentication” vs. ”one-click payments”

• More clarity on Strong Customer Authentication (SCA)– ”dynamic linking” ie. amount not known and bulk payments

• Identity on Payment Service Providers (PSP)

Page 9: Webinar: Technology Insights - PSD2

Internal

”Own the relationship”

The role of Fintech and Digital innovations in banking*

01.05.2023 Technology insights - PSD29

”Disrupt the model”

”Enable the value chain”

*Source: McKinsey

20 % of Fintech companies

20 % of Fintech companies

60 % of Fintech companies

Page 10: Webinar: Technology Insights - PSD2

Internal01.05.2023 Technology insights - PSD210

What can we expect from the future?

Page 11: Webinar: Technology Insights - PSD2

Internal

Potential areas of impact for corporate customers

01.05.2023 Technology insights - PSD211

Visibility on cash

Centralized collections

Centralized payments

Corporate marketplaces

Financing of supply chains

Page 12: Webinar: Technology Insights - PSD2

Internal01.05.2023 Technology insights - PSD212

Closing Remarks

Page 13: Webinar: Technology Insights - PSD2

Internal

Closing Remarks

01.05.202313

Jukka SallinenHead of Cash Management

Technology insights - PSD2

Page 14: Webinar: Technology Insights - PSD2

01.05.2023 Technology insights - PSD214 Internal

Thank YouSee you at the next ‘Technology Insights’ – a webinar series from OpusCapitaTopic: Machine Learning (December 15th)

Rowan Lemley