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PSD2 and API Banking

Getting Ready for the Challenge

Agenda Program
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Místo
Praha, hotel NH Prague
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Cena
N/A
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Lektor
N/A
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Jazyk
Angličtina
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Hodnocení
N/A
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Attend this intensive 2-day training and learn how:

To get ready for PSD2 on time
To comply with XS2A without losing to TPPs
To understand the scale and scope of PSD2 transition
To handle risks and responsibilities related to PSD2
To set an API Banking project up
To serve and retain young clients: The API Banking Generation
To compete and cooperate with FinTech partners
Course Description:
This intensive 2 day training program prepares participants for two key challenges of the upcoming three years in banking: PSD2 and API-Banking. On the first day we take an in-depth look into the specific challenges PSD2 brings to banks. We discuss the key dates of the regulation coming into force, we clarify key concepts such as 'Third Party Provider', we look into the 'Access to Account' sub-regulation in detail. We analyse the business risks as well as the IT risks related to the Payments Services Directive 2. On the second day we look at the broader topic of API-Banking. We discuss closed-, partner-, as well as public-APIs. We look at global best practices of how APIs can close the competitive gap between banks and FinTech companies.

What is the goal of this training?
The goal of the first day of this training is to make participants aware of the ways PSD2 is going to affect banks in Europe; to prepare participants to take the right actions related to the new directive and to understand the key risks related to the upcoming regulatory change. The goal of the second day of this training is to make participants understand the forces behind the shift API-Banking is about to bring along. It is our goal to draw clear picture of the 'platformification' of banking, the 'opti-channel' thinking (following the current trend of omni-channel banking) and the ways banks can take smart advantage of the 'open-banking' business model.

Who should attend?
  • IT Experts
  • Digital Banking Expert
  • Payments Experts
  • Digital Channel/Platform Experts
  • Product Development Experts
  • Legal Experts
  • Security Experts
Methodology:
This training consists of classroom based teaching combined with interactive group exercises, as well as the introduction of specific case studies.

Program semináře: PSD2 and API Banking

Seminář probíhá podle středoevropského času (CET).

09.00 - 09.30 Welcome, Introduction and Warmup

09.30 - 10.45 Payment Services Directive: The History

  • SEPA vs PSD vs EBA: Who is who on the map?
  • Key Dates: 06/2013, 10/2015, 01/2016, 01/2018
  • RTS: Understanding Regulatory Technical Standards
  • XS2A: The 4 characters which may change banking in the EU
  • TPP: Who will be the Third Party Providers?
  • PISPs and AISPs vs ASPSPs: How to visualize the new roles?
  • Group Exercise: THE THIRD PARTY PROVIDER ROLE-PLAY

11.00 - 12.00 The Major Stake-Holders

  • PCI: How will VISA, MC and others in Payments Card Industry play?
  • Banks: Will banking be commoditized or the opposite?
  • MNOs: How can Mobile Network Operators eat the dinner of banks?
  • GAFA: Tech Giants in banking? Credible threat or phantasy?
  • FinTech Companies: 15 000 start-ups ready to disrupt banks?
  • Group Exercise: GOOGLE, APPLE, VODAFONE GAME

12.00 - 13.00 Lunch

13.00 - 14.45 How big is PSD2 for banks? How to prioritize it?

  • OBS: The scope of data banks are obliged to make accessible
  • Strong Authentication and Secure Communication: Key aspects
  • The Role of the UK vs Brexit: Negotiating power on key aspects
  • The Open Banking Framework: Importance beyond the UK
  • Scope: 28 EU: yes, 23 European non-EU: partly; Exporting PSD2
  • Impact on FinTech Valuations: Is there a true 'PSD2 Premium'?
  • Group Exercise: EXPLAINING PSD2 TO A CEO

15.00 - 17.00 Risks and Responsibilities Related to PSD2

  • SCA: Will it protect anyone? 2 Factor Authentication
  • Risk of Fraud: The bank pays. Is this the 'level playing-field'?
  • Digital 9/11: If, when, how, why, who, how to stay safe?
  • AML, KYC: How inefficient is the current regulation, why?
  • Blockchain, Real Time Data for Regulators: When will it come?
  • Risks vs Customer Experience: Merchant's perspective matters
  • Group Exercise: MERCHANT'S DILEMMA

09.00 - 09.30 Refreshing Day One and Warmup

09.30 - 10.45 From PSD2 to API

  • Case Study: Moven from New York - How API banking works in practice?
  • 3 Key Types of API Banking: Front to Back, PSD2, Platformification
  • 3 General Types of APIs: Closed APIs, Partner APIs, Public APIs
  • Digital Banking in General: The definition, the situation, the next step
  • Premium Segments, MSMEs, Corporates: Is the challenge contained?
  • Group Exercise: FINANCIAL SUPERMARKETS versus PLATFORMIFICATION - overlooking 30 years of banking strategy

11.00 - 12.00 Millennials: The API Banking Generation

  • Visualization: Visual, video, portrait, colours, UI, UX
  • Time: 5 seconds versus 5 minutes, the real-time generation
  • Channels: Transaction - Smartphone, Communication - Social Media
  • Customer Loyalty: Digital Loyalty, Digital Brand-History, Lock-in-Effect
  • Millennials as Bankers: The new generation of colleagues, opportunity
  • Group Exercise: SEGNEMTING THE MILLENNIALS

12.00 - 13.00 Lunch

13.00 - 14.45 The New Role of Competition and Cooperation

  • ICT is GPT: Is the transformation of banking unstoppable? Why?
  • The Post-Industrial Paradigm of Competition: Coopetition, Frenemies
  • Banking Innovation Paradox: Banks have to run as fast as they can?
  • Group Exercise: DESIGNING A DIGITAL-ONLY BANK - THE THREE KEY LAYERS OF THE VALUE-PROPOSITION, THE CHANNEL OF THE FUTURE (phone-app, watch, chat, AR)
  • Case Studies: The BankImport API, The Kiva API, The iZettle API, The OANDA API, The Crowd Valley API, The GoCardless API
  • How to Come up With a Successful API Programme?

15.00 - 17.00 Summary

  • Concepts
  • Tools
  • Trends
  • 'To-Do's
  • Resources

Evaluation and Termination of the Course

Katalog seminářů v PDF
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