Since 2015, open API initiatives have gained increasing traction in the EU and retail banking is on the verge of unprecedented change. Universal trends of globalisation and digitalisation are transforming the industry and now European banks are facing the additional force of EU regulation, specifically the revised Payment Services Directive (PSD2), which requires banks to open up their customers’ account data to newly regulated third party providers.
In response to these key developments, Yodlee and Finextra introduce their webinar: Creating Customer Value Through Open API, which will address the impact these advances will have on retail banking in Europe. The webinar will highlight the opportunities being created for providers of e-commerce payments, personal financial management, data analytics and other business applications, whilst also pinpointing some of the threats Open API and PSD2 produce for banks.
Join us on 7th December at 15:00 UK time to hear from Ron Van Wezel, Aite Group, and Jason O’Shaughnessy, Envestnet, Yodlee, among other industry experts, as they share their perspectives on the implications, challenges and opportunities that PSD2 and open APIs create for financial institutions and fintechs.
Topics of discussion will include:
- The impact of PSD2 on payments industry participants
- The challenges and opportunities open APIs create for financial institution and fintechs
- The benefits banks can expect from embracing an open API-based strategy that has a wider reach than payments alone
- How to leverage open APIs to improve customer service, enhance product offerings and deliver a more relevant and meaningful customer experience
Following the discussion, will be a Q&A session to allow all participants an opportunity to submit questions to the panel.
To listen to a recording of this webinar, go here to register.
Ron van Wezel is a senior analyst for Aite Group’s Retail Banking & Payments practice. His research covers market and regulatory trends in the payments space, with a focus on Europe.
Mr. van Wezel is a renowned expert in payments and digital banking. He brings to Aite Group 30 years of experience in product development and innovation, advising clients on a wide range of topics including mobile payments, digital wallets, cards issuing and acquiring, and ACH solutions.