Become a compliant provider of XS2A services
Reap the benefits of PSD2
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.
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
Manage the bank's services through an API catalogue, compliant with European standards – enriched with FinTechs and equensWorldline services
Secure the access of "Third Party Providers" by checking their agreement with European registers
Manage the developers community through a customizable portal
Manage authentication and end-user consent as well as exemption rules, fraud and dispute, and format system information according to standards
Provide metrics to be presented in the official reports required by the regulator
Ensure a good return on your regulatory investment and take control of your Open Banking strategy
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.
Modular and scalable platform accelerating the digital transformation of banks, allowing them to offer new omnichannel experiences enhanced by WL and FinTechs services
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.Download Infographic
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
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
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
Learn more about our modular platform and discover all the ways you could be accelerating your digital strategy with natural, intuitive and engaging customer experiences across channels while benefiting from various off-the-shelf business enablers.Download brochure
With over a decade of experience in digital and a strong knowledge of the banking industry, our experts are responsible for the Digital Banking Platform and its PSD2-compliance module.Mail us