PSD2, Open Banking and Beyond. PSD3 or GDPR2?

31 octombrie 2019

anarticle written by Chris Skinner, the most influential person in technology in the UK, international best selling author, top worldwide speaker on fintech banking. Chris will give a keynote speech at Banking 4.0 – international fintech conference.

I’ve a number of great friends in the industry, and enjoy their company and contribution. One of those friends is Gijs Boudewijn, Chair of the Payment Systems Committee at the European Banking Federation who kindly quoted me in his recent presentation on Open Banking. He has also kindly allowed me to share his presentation with y’all here, so here it is.

It’s all about Open Banking, Open APIs, PSD2 and such like. What I find interesting here is that the more open banks become, the more chllaneges they have. We saw this the other day, with MPs asking banks to check their usage of cloud services and the fact that Amazon, Microsoft, Google and such like are becoming systemically important.

What gets notable in this equation is that banks are providing finance – that’s what they do – but they are now providing finance through technology – that’s how they do it. Meanwhile, banks’ leaders, their regulators and the government are predominantly still stuck in financial regulatory circles and not in technology circles.

This is the dramatic change we are seeing slowly but surely happening. Finance and technology is being integrated. It is no longer either, or, but and. This is the critical change we are seeing. FinTech is not Finance or Technology, but Finance and Technology, and the regulators, governments and bank leadership are slowly but surely realising this.


About the author

Chris Skinner is best known as an independent commentator on the financial markets through his blog,, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here…

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Jan Schildbach – Analyst Deutsche Bank

„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?