Banks should open-up beyond PSD2 to deliver on the innovation promise

  • Mounaim Cortet Vincent Jansen Luc van Oorschot
  • PaymentsArticlePSD2Open Banking

PSD2, and the concept of XS2A in particular, can be viewed as an important catalyst to accelerate change in payments, innovative banking applications and respective business models by leveraging payment functionality and account information, but might in itself not deliver on all its expectations. Open Banking can solve issues that follow from PSD2 and deliver on PSD2 XS2A’s promise of innovation through openness.

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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.

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Turning the Anti-Money Laundering Directive into a competitive advantage

Financial service providers are challenged by Bigtechs to build international scale for their innovative products. Cross-border introduction of innovative digital payment and loan products is a difficult game however, as local implementations of the Anti-Money Laundering Directive (AMLD) and other regulatory requirements differ markedly between countries. INNOPAY’s phased approach to cross border compliant expansion will help banks and financial service providers to turn AMLD (and other regulations) into a competitive advantage and offer compliant products in line with consumer expectations.

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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.

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INNOPAY introduces the INNOPAY Experience Lab

PSD2 and Open Banking strategies should go hand in hand and aim at being compliant while creating (or at least not blocking) growth potential for your business. However, a suboptimal PSD2 compliance strategy and implementation can result in the opposite by causing structural damage to your Open Banking potential and propositions. You have to get your initial approach and associated offerings right.

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Strategische Auswirkungen der Kundenkontrolle durch „Open Banking”

This blog forms the fifth in a series of blogs by Innopay Germany on “Open Banking: advancing customer-centricity”. The blog series will outline all relevant aspects with regards to „Advancing customer-centricity with Open Banking”.
This blog series is based on the Open Banking Information Paper “Open Banking: advancing customer-centricity “, which Innopay developed in close cooperation with the EBA Associations Open Banking Working Group.

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„Digital Identity”: Der dritte Schlüsselfaktor bei der Gestaltung der „User Experience” aus Sicht von Kundenkontrolle

This blog forms the fourth in a series of blogs by Innopay Germany on “Open Banking: advancing customer-centricity”. The blog series will outline all relevant aspects with regards to „Advancing customer-centricity with Open Banking”.
This blog series is based on the Open Banking Information Paper “Open Banking: advancing customer-centricity “, which Innopay developed in close cooperation with the EBA Associations Open Banking Working Group.

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„Open Banking” ist die Basis für Kundenkontrolle

This blog forms the third in a series of blogs by Innopay Germany on “Open Banking: advancing customer-centricity”. The blog series will outline all relevant aspects with regards to „Advancing customer-centricity with Open Banking”.
This blog series is based on the Open Banking Information Paper “Open Banking: advancing customer-centricity “, which Innopay developed in close cooperation with the EBA Associations Open Banking Working Group.

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Kundenkontrolle aus Sicht von „User Experience“ und „User Interface“ (UX/UI)

This blog forms the second in a series of blogs by Innopay Germany on “Open Banking: advancing customer-centricity”. The blog series will outline all relevant aspects with regards to „Advancing customer-centricity with Open Banking”.
This blog series is based on the Open Banking Information Paper “Open Banking: advancing customer-centricity “, which Innopay developed in close cooperation with the EBA Association Open Banking Working Group.

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Corporate banks and FIs: what’s the ETA of your onboarding process?

  • Esther Groen
  • PaymentsDigital identityOnboardingCorporate Onboarding

Rapid technological development drives innovation of customer processes in many sectors. Yet, corporate banks and FIs are holding on to their current, outdated corporate onboarding processes. Innopay believes that banks and FI’s need to step up their game if they want to remain relevant in the future. This first blog of a series of two elaborates on the competitive advantage of a customer centric onboarding process and describes six causes for many corporate banks and FIs to be lacking behind.

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