PSPs in Europe: How to Stay Afloat in Choppy Waters

  • Mounaim Cortet David Mintjes
  • PaymentsE-BusinessArticleEnglish content

Easy days for PSPs are over as retail prices for online transactions are dropping heavily with 10-15% p.a. This blog suggests four strategic options PSPs can pursue to remain relevant in their consolidating industry.


Virtual Bank Accounts: not living up to their potential… yet

  • Pieter Nijs
  • PaymentsArticleEnglish contentCustomer in control

This blog sheds light on today’s Virtual Bank Accounts market; it explains why banks are struggling to unleash Virtual Bank Accounts’ potential (or choose not to enter the market at all), and what changes are necessary to enable them to do so.


eIDs for KYC: no silver bullet yet, but golden potential

  • Eefje van der Harst
  • Digital identityEnglish contentOnboardingKYCeIDAML

This blog elaborates on how financial institutions and Digital Identity Service Providers can play a role in aggregating information from different national electronic identity (eID) schemes to streamline KYC-processes.


Payment Services Directive 2: PSD2 sparks innovation in Open Banking ecosystems

  • Mounaim Cortet Nils Jung
  • PaymentsArticlePSD2English contentOpen Banking

With the legal framework that will enable “the practical implementation of third party access to account” (XS2A) as part of the revised Payment Services Directive (PSD2) almost finalised, Innopay's Mounaim Cortet and Nils Jung teamed up with Deutsche Bank to look at how the industry can leverage this opportunity to develop functional, operational and technical solutions.


RTS on SCA & CSC: Unravelling EBA’s view on screen scraping

  • Mounaim Cortet Vincent Jansen
  • ArticleAPIPSD2English contentOpen BankingXS2ACommunication InterfaceScreen ScrapingRTS

Innopay’s PSD2 experts, Vincent Jansen (Partner) and Mounaim Cortet (Manager Strategy), recently shared their views on the RTS in a webinar which attracted broad industry attention. Several attendants of the webinar were interested to learn more about the RTS requirements regarding the communication interface and particularly on the future of “screen scraping”. In this article, Vincent and Mounaim further elaborate on the presented views regarding the communication interface and screen scraping for the purpose of third party provider (TPP) access to accounts (XS2A).


Banks will lose when not changing their perspective on how to realise customer centricity

Becoming customer centric, means that traditional banks need to be in it for the long haul and go through a long, disrupting and often uncertain transformation. It is therefore imperative to balance long term spend with effective short term results. Therefore, contrary to conventional approaches, Innopay advises to start with establishing an activity-based view of the existing operating model to enable banks to deliver these short term results. This is the only way to face competition, deal with regulation and safeguard and sustain client relationships.


Final report Shopping2020

Today, the Dutch retail payment landscape is dominated by cash and Maestro (‘pinnen’), offline, and iDEAL, online. Both contexts remain largely separated, although they converge slowly. The expert group Transaction within Shopping2020 identified nine trends that are currently shaping the future of retail payments. Among them are the emergence of digital identities, convergence of channels and, for certain consumers, a stronger desire to protect their personal data. Based on the current state of affairs and trends, the expert group described and assessed four scenarios.
The scenarios are built along the axis of privacy and control by consumers and the number of payment services (/providers)


Innopay's FinTech Magazine article on Open Banking

  • Vincent Jansen Shikko Nijland
  • ReportsAPIPSD2English content

Innopay has published an article on Open Banking in the FinTech magazine of the 'Financieel Dagblad'. The article is called: "Resharing data is the new 'apping'".


Cost sharing mechanisms to stimulate behaviour in healthcare: are we doing it all wrong?

  • Josje Fiolet
  • PaymentsEnglish content

This blog gives further insight and deepening into the different financial incentives in health care and builds towards the question if we should consider different systems