Comply on time and unleash the potential of the API Economy

The revised Payment Services Directive (PSD2), which came into force on 13 January 2018, has removed the market barriers and accelerated the need for differentiation in a competitive and globalized banking industry. Nowadays, the first challenge of banks as Account Servicing Payment Service Providers (ASPSPs) is to open up regulatory APIs to authorized Third-Party Providers (TPPs) in order to meet regulatory requirements. Besides managing the Payment Service User (PSU) consent and ensuring the access to the desired service, the ASPSP is also expected, in particular but not only, to manage the TPP community and follow up updates on regulatory requirements and API standards..

To address the regulatory challenges and exploit the associated opportunities, our WL Digital Banking Platform integrates a PSD2 compliance module, namely Access 2 Account Bank Services, enabling financial institutions to effortlessly meet the regulatory requirements and develop their Open Banking strategy while managing the risks and mitigating uncertainty.

 

How we can help you

Regulatory compliance

Be compliant on time (3 to 6 months deployment) and benefit from automated regulatory updates 

Security

Control TPP identity, protect data and collect formal consent from the end-user on related operations  

Flexibility

Leverage your own assets or use our optional modules for SCA, fraud or dispute 

Scalability

Benefit from an extensible platform to innovate faster while reducing costs 

Integration of FinTechs and TPPs

Deliver new omnichannel experiences enhanced by Worldline’s and FinTechs’ services 

New revenue streams

Monetize your services and create a Return On your regulatory Investment 

Functionalities

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  • Comprehensive API Catalogue

    Manage the bank's services through an API catalogue, compliant with European standards – enriched with FinTechs and equensWorldline services

    Third Party Providers Access Control

    Secure the access of "Third Party Providers" by checking their agreement with European registers

    Customizable Developer Portal

    Manage the developers community through a customizable portal

    Transaction Lifecycle Management

    Manage authentication and end-user consent as well as exemption rules, fraud and dispute, and format system information according to standards

    Regulatory Metrics Tracking

    Provide metrics to be presented in the official reports required by the regulator

    API Customization and Monetization Capabilities

    Ensure a good return on your regulatory investment and take control of your Open Banking strategy

Value for our clients

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  • Remove the burdens of compliancy for ASPSPs while providing additional services to simplify related processes
  • Develop the necessary capabilities on top of the core banking system with nearly no impact on the bank information system
  • Prepare before March 2019 to be ready for a 6 months testing period before the entry into force of the RTS (14/09/2019)
  • Constantly analyze and implement yearly regulatory changes
  • Develop new revenue streams by monetizing data, developing extra services with TPPs or even becoming one of them
  • Ensure security by controlling TPP identity, protecting user data, and collecting formal consent from the end-user on related operations
  • Cope with data traffic volume uncertainty and offer ‘real-time’ responses to TPP requests 

Reap the benefits of Open Banking

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The challenge of ‘Open Banking’ for financial institutions extends beyond the opening of APIs to meet regulatory constraints and we believe this directive is a strong catalyst for the API Economy in Europe. Facilitating the access to bank data by Third-Party Providers is the most visible part of the regulation, but banks can also benefit from integrating new services seamlessly into their product catalogue or exposing additional APIs to partners.

The Digital Banking Platform is at the core of our offering and is designed to help financial institutions to leverage their existing assets, to develop strong API management capabilities and to integrate their existing services seamlessly through any channel (mobile, web, voice, etc.).

We empower financial institutions to overcome the limitations and constraints associated with their legacy system and therefore accelerate their digital transformation with a low impact on their core banking system, at low cost and with short time-to-market. By improving their overall digital capabilities and enriching their catalog of services with the services of Worldline and FinTechs partners, banks can eventually develop breakthrough usecases and capture customers’ relationship.

Being part of the Worldline and Atos Group, equensWorldline builds on the extensive expertise and unique capabilities of the whole group. In that sense, we serve our clients with an end-to-end approach to FinTech thanks to the Atos FinTech Program, employing our best-in-class experts, technology and networks. The dedicated FinHub notably aims at simulating innovation by partnering with selected Fintechs, InsurTechs and RegTechs.

Digital Banking Platform

Modular and scalable platform accelerating the digital transformation of banks, allowing them to offer new omnichannel experiences enhanced by WL and FinTechs services 

How to offer maximum security to your customers with strong authentication?

In this infographics, we will present main insights and challenges for banks and merchants to comply with the ongoing regulation around Strong Customer Authentication (SCA) which will come into force on 14 September 2019.
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Practical step-by-step guide for banks

Based on our own market research, we know that many banks have an immediate need for practical PSD2 guidance. 
To accommodate the need for strategic and technical advice, we created this practical whitepaper, which presents a short step-by-step preparation guide to PSD2 for banks.
Download whitepaper

How banks can build trust in a PSD2 world

This whitepaper focuses on one of the biggest issues for banks – the new regulations around Strong Customer Authentication (SCA). 

We explore how banks can go beyond simple compliance to build trust and create a smooth experience for all their customers. Don’t miss the insights provided by this whitepaper for banks!
Download whitepaper

PSD2: compliance and timelines

This infographic shows the requirements and timelines for becoming PSD2 compliant, including some highly interesting facts and figures. The deadline is rapidly approaching, so don't delay any further!
Download infographic

Digital Banking solutions

Banking is facing many challenges, e.g.: regulatory changes (PSD2, EBA Guidelines, MIF, GDPR etc.) as well as evolving customer needs, technologies profusion, the disruptive pressure of new entrants. Mastering the digital transformation, while taking into account all these challenges, is the key of a successful bank while leveraging the trust customers have in banks.
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