Capgemini’s market-ready open APIs based solution helps banks and PSPs meet compliance requirements and turn PSD2 into a business opportunity
PSD2: A blessing or a curse for european bankers?
PSD2 affects every part of the payment value chain, especially those with high innovation potential such as acquisition. Among the impacts, banks must provide third parties with controlled account access. This brings disintermediation risk and lowers the barriers to entry for new value-added service providers. To remain competitive, banks should view PSD2 as a value creation opportunity rather than a compliance responsibility. As they consider strategic options, collaboration and APIs are essential pieces.
Turn PSD2 into a digital opportunity
Capgemini’s API-based, market-ready solution enables banks and PSPs to achieve PSD2 and Competition and Markets Authority (CMA) compliance in a structured, controlled, and accelerated manner while turning the regulation into a digital opportunity to unlock new business models.
* In comparison with a greenfield solution if a bank decides to custom build all of the APIs
Bringing a holistic API strategy, we help banks prepare for Open Banking, leapfrog to the Open API economy, and manage an open innovation ecosystem.