PSD2: Challenges and opportunities for Financials

Including a hands-on customer case how Onegini enabled Bizcuit to become a Third Party Provider

KuppingerCole's Lead Analyst Richard Hill analyzed with a mixed KuppingerCole & Onegini team of experts the current challenges companies are facing in the PSD2 era.

PSD2 introduces the concept of Third-Party Providers (TPPs), which include Account Initiation Service Providers (AISPs) and Payment Initiation Service Providers (PISPs).

These business functions have typically been performed by banks or related banking services. Competition in the financial sector within these newly defined roles will emerge from non-traditional, non-banking types of businesses.

But how do you meet the foundational technical capabilities needed?

This paper will dive deeper into the technical requirements that banks and financial service providers face in preparing for PSD2.

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