GET TO KNOW, GET READY
AND GET GROWTH WITH PSD2

GET TO KNOW PSD2
What is PSD2 and how will the Revised Payment Services Directive from EU disrupt traditional banking?
CHOOSE STRATEGY
PSD2 presents significant opportunities to grow new revenue streams and capture customer ownership. Choose your strategy wisely.
CONNECT TO PSD2 VALUE ADDED NETWORK
Accelerate your TPP and bank connectivity by joining the PSD2 VAN and choosing Entiros as your integration partner.

CHOOSE A STRATEGY

Respond effectively to the threats and opportunities of PSD2. Deciding whether to become a banking ‘utility’, or to continue to play a central role at the heart of your customer’s daily lives.
comply with psd2
COMPLY WITH PSD2
  • Comply with PSD2 requirements
  • Give 3rd parties secure access to data required by European law
  • Provide a basic-level open API
FACILITATE AND MONETIZE ACCESS
FACILITATE &
MONETIZE ACCESS
  • Monetize access to more developed data services
  • Expand data access beyond what is required by European law
    ADD NEW SERVICES AND BUILD RELATIONSHIPS
    ADD NEW SERVICES &
    BUILD RELATIONSHIPS
    • Become a Third Party Provider (TPP), the consumer interface to other banks for accounts and payments
    • Expand the banks position in the customer value chain
      EXPAND ECOSYSTEM AND HARVEST VALUE
      EXPAND ECOSYSTEM &
      HARVEST VALUE
      • Rapidly grow a vast network of external partners and developers
      • Be the everyday bank for the consumer, through an open ecosystem of innovation

        ADD YOUR APIS TO A COLLABORATIVE NETWORK

        Accelerate your TPP and bank connectivity by joining the PSD2 VAN and choosing Entiros as your
        integration partner. Connect once – innovate everywhere

        CONNECT WITH EVERYONE
        High workload - Manual - Ends up in spaghetti
        CONNECT TO PSD2 VAN
        Connect once - Automatically connect to everyone

        CHOOSE A MATCHING SERVICE FROM ENTIROS

        psd2 api
        PSD2 API
        • PSD2 API Compliance
        • Connected to your banking systems
        pas2 api policies
        OPEN BANKING APIS
        • Build better APIs
        • Add API resources and operations
        • Monetisation and billing services
        psd2 api extender
        JOIN THE PSD2 VAN
        • API Portal - Value Added Network
        • Access to PSD2 APIs of other banks
        • Your PSD2 API consumable by TPPs
        • Subscribe to API events
        • API Management with analytics
        • Rapid Onboarding Team
        • Customized API Portal
        • Developer Relationship Management

        open banking

        WHAT IS PSD2?

        PSD2 is a data and technology- driven Directive that aims to drive increased competition, innovation and transparency across the European payments market, while also enhancing the security of internet payments and account access.

        The core of the PSD2 regulation is the requirement for banks to grant Third Party Providers (TPPs) access to a customer’s online account/payment services in a regulated and secure way. Enabling ‘Access to Account’ (XS2A), a secure access via APIs to customer accounts and data if the account holder provides consent. This by using customer identity verification and authentication via APIs.

        open banking

        THE PSD2 TIMELINE

        A time line of the documents presented by the European Banking Authority (EBA) regarding the interpretation of the Revised Payment Services Directive.

        DOWNLOAD TIMELINE

        THE PAYMENT INDUSTRY IS CHANGING RAPIDLY
        Just like the retail banking as a whole, the payments industry is experiencing widespread and rapid changes, threatening the incumbent bank’s payments revenues and customer ownership. Specifically in these areas:
        mobile
        MOBILE DEVICES
        More and more transactions take place on mobile devices, and customers demand real-time, personalized and seamless payment experience.
        new competition
        NEW COMPETITION
        FinTech companies are challenging the traditional financial services providers with new digitally-enabled services, expanding the payments ecosystem.
        technology advancement
        TECHNOLOGY ADVANCEMENT
        A digitized end-to-end value chain with Immediate payment infrastructures, blockchain, mobile authentication and the ’Internet of Things’ (IoT) creates new ways to pay.
        disruption
        DISRUPTION
        The PSD2 regulatory initiatives disrupt the industry and encourage competition and innovation in the whole financial industry.

        HOW PSD2 WILL DISRUPT
        TRADITIONAL BANKING

        THIRD-PARTY PAYMENT INITIATION
        (Payment Initiation Service Providers or PISPs)

        Third parties will be able to initiate online payments to an e-merchant or other beneficiaries directly from the payer’s bank account via an online portal - enables new payment methods.

        Merchant acquirers, banks, FinTech companies, and large merchants would likely have the capacity to provide such payment initiation services.

        THIRD—PARTY ACCOUNT DATA AGGREGATION
        (Account Information Service Providers or AISPs)

        Third parties, which PSD2 formally refers to as ”account information service providers,” will be able to extract a customer’s account information data including transaction history and balances— enables new services utilizing this data.

        Banks, FinTech companies, and non-traditional financial services companies would likely have the capacity to provide such account information services