Worldline wins a PayFORUM Award 2018 in the "API" category for its WL Digital Banking Platform solution
Recognition of Worldline's PSD2 strategy
Bezons, 20 March 2018 – The WL Digital Banking Platform solution has been developed and deployed since 2011 by equensWorldline, a subsidiary of Worldline [Euronext: WLN], the European leader in the payments and transactional services industry.
Within the context of the transformation of the regulatory and competitive landscape, a profound change in the banking industry is taking place and new financial services are emerging. Like other industrial sectors, such as Telecoms or Media, the historical services of banks are gradually becoming commodities, forcing the banking industry to reinvent its business beyond basic financial services.
The PSD2’s entry into force on 13 January 2018 encourages financial institutions to devise new business models to exploit the opportunities linked to Open Banking. Whether their strategy is defensive, with the presentation of regulated APIs, or offensive, aimed at generating new revenue through the monetization of proprietary APIs, the WL Digital Banking Platform solution will enable them to benefit from this new stimulating environment.
This solution, developed and deployed since 2011 by equensWorldline, currently processes more than 100 million API calls per month and includes, in particular, a PSD2 regulatory module: the WL Access 2 Account module. This solution enables financial institutions to:
- Present the bank's services through an API catalogue, compliant with European standards – enhanced by the services of Worldline and its partners,
- Manage the developers community through a customisable portal,
- Manage "Third Party Providers" by integrating the connection with European registers,
- Manage the transaction lifecycle (managing end-user consent, managing exemption rules, formatting system information according to standards),
- Provide metrics to be presented in the reports required by the regulations.
Beyond basic compliance, Worldline's goal is to support financial institutions in their Open Banking strategy and in the design and launch of new use cases.
Arnaud Deudon, Head of Digital Banking Products, says "We are very pleased to see the vision and the efforts of our teams rewarded. Under certain conditions, PSD2 forces banks to share data and services that were previously reserved for their exclusive use. However, this constraint is a tremendous opportunity for the banking industry as it stimulates competition, catalyses innovation and puts the main focus on the customer relationship. The services offered by our digital platform, and many FinTech partners, allow our customers to rethink their user journeys, and take advantage of this revolution."
Worldline [Euronext: WLN] is the European market leader in payment and transaction services. Worldline's forward-looking innovations and services enable companies to reach their end customers in a targeted way and to offer them modern and seamless services. With more than 45 years' experience, Worldline is a major player in the B2B2C field. Worldline supports all companies and public administrations in this ever-changing market and makes a major contribution to their success. Worldline offers a unique and flexible business model based on a growing global portfolio and which includes comprehensive support. Worldline's activities are divided into three business areas: Merchant Services, Mobility & e-Transactional Services, and Financial Services including equensWorldline. Worldline employs more than 9,400 people worldwide and generates an annual turnover of €1.6 billion. Worldline is an Atos subsidiary. www.worldline.com
equensWorldline is the pan-European leader in payments and transactional services. As part of the Worldline Group, equensWorldline combines long-standing proven expertise in traditional mass payment systems (issuing, acquiring, intra- and interbank payment processing) and innovative e-commerce and mobile payment solutions. Building on more than 50 years of experience equensWorldline services a broad, international customer base in numerous countries across Europe. Customers rely on equensWorldline's expertise to anticipate European regulatory changes, benefit from transformative technologies, optimise processes, ensure operational excellence and manage risk and fraud. The company's unparalleled footprint makes equensWorldline a cost-efficient and competitive business partner for seamless, secure and efficient payment solutions. www.equensworldline.com
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