PSD2 | The Craft Consulting

APIs & Partnership Ecosystem. Another challenge for banks.

The CraftApril 13, 2018April 13, 2018Account Based Strategy, Strategic DifferentiationABM, API, banking, financial services, Partnership Ecosystem, partnership strategy, PSD2

As Open Banking takes a greater hold of the Financial Services marketplace, large financial institutions are having to increasingly adopt new technology and innovate. APIs (Application Programming Interface) allow banks to connect with other digitally enabled organisations. Large financial institutions are now improving the services and products they can deliver by using APIs to grow … Continue reading “APIs & Partnership Ecosystem. Another challenge for banks.”

The big PSD2 challenge for global banking institutions

The CraftApril 6, 2018April 6, 2018Account Based Strategy, Strategic DifferentiationABM, banking, financial services, PSD2

Most large financial institutions are having to compete with new challengers in the banking world but increasingly regulation is forcing the financial services marketplace to open up. The latest EU legislation is PSD2 (Second Payment Services Directive), which forces banks to open up their vast data siloes to third parties. The fear for many of … Continue reading “The big PSD2 challenge for global banking institutions”

One month on from the launch of PSD2, who are the winners?

The CraftFebruary 26, 2018March 27, 2018Change Consultancy, Strategic Differentiationfinance, financial services, OBE, Open Banking, Open Banking Economy, PSD2

In the recent report, ‘Thinking like a Financial Institution’, we examine the main challenges faced by Financial Institutions in the technology-enhanced 21st century. One of the main challenges sited in the report is regulation, specifically Open Banking/PSD2 – a regulation forcing Financial Institutions to open up their data systems to third parties. This blog will … Continue reading “One month on from the launch of PSD2, who are the winners?”

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Tag: PSD2

APIs & Partnership Ecosystem. Another challenge for banks.

The big PSD2 challenge for global banking institutions

One month on from the launch of PSD2, who are the winners?