FROM PSD2 TO PSD3 (Slide)
A slide in graph form, showing the transition from PSD2 to PSD3, the payments environment in the European Single Market Area.
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Open Banking
Emerging payments rails that are often rivals to legacy systems such as the interchange, and that facilitate integration between banking and payments apps offered by many different providers.
FROM PSD2 TO PSD3
This is a brief description of the 3rd Payment Services Directive, PSD3. It is an upcoming framework that regulates electronic payments and the banking ecosystem within the European Single Market Area (EEA). The PSD3 will be decided by the EC after a round of consultations.
OPEN BANKING AND THE PAYMENTS ECOSYSTEM
A slide showing a graphic representation of how legacy payments scheme like cards, PayPal, and Stripe, interact with open banking schema.
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HOW DO PAYPAL, VISA, BANKS, AND OPEN BANKING INTERACT WITH EACH OTHER
This is a Linkedin post describing how PayPal, card companies, and banks interact with each other in the emerging open banking ecosystem.
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EUROPEAN COMMISSION INTRODUCES PSD3/PSR TO ADVANCE OPEN BANKING
In this white paper, TINK (a Visa company) explains how PSD3/PSR is a welcome addition to the development of open banking in Europe. PSR should address standardization issues and past problems with APIs. The requirements should be passed before the summer of 2024 with enforcement happening by the end of 2025.
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AVAILABLE AP-BASED OPEN INSURANCE SERVICES MAPPED ACROSS THE INSURANCE VALUE CHAIN 2023
The slide presents graphicly the availability of APIs that might support open insurance across the entire insurance value chain in 2023.
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THE FUTURE OF INDIA’S DIGITAL PAYMENT
In this publicly available report from Redseer Strategy Consulting, it is estimated that 85% of businesses in India will be digitally enabled by FY26. This means that a large majority of businesses in India will have embraced digital technologies and processes for their operations.
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WHAT IS OPEN BANKING?
In this short video from Nordigen, a provider of apis that power open banking, iPSD2 regulations, that require all banks to provide an API to give users access to their banking so that data. Developers can build third party apps using the bank APIs to create a seamless connection to a customer’s banking data.
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API STRATEGIES FOR BANKS AND FINTECHS IN AN OPEN BANKING WORLD
To be in the best position for realizing the benefits of Open Banking, banks at this stage need to translate the opportunities of Open Banking into clear API strategies. In this talk, six API strategy blueprints for Banks and fintechs. These strategies allow banks to leverage Open Banking while still keeping the customer interface – or innovate even further with their APIs and share more of the value chain with fintechs.
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