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Internal01.05.2023 Technology insights - PSD21
Technology Insights – PSD2A webinar series from OpusCapita
Internal
Agenda
• Introductions• What is PSD2• Where is it impacting us today• What can we expect from the future• Closing remarks
01.05.20232 Technology insights - PSD2
Internal
Rowan Lemley (host)
Introductions
01.05.20233
Jukka SallinenHead of Cash Management
Technology insights - PSD2
InternalInternal01.05.2023 Technology insights - PSD24
OpusCapita by the numbers
Company:
• Founded 1984
• Over 2100 employees
• Revenue €257 million (2015)
Buyer-Supplier Ecosystem:
• 8 000 customers in over 100 countries
• ~100 000 suppliers
• 600 million transactions annually, 200 million processed purely electronically
• 40 million different products bought and sold
Internal01.05.20235
What is PSD2?
Technology insights - PSD2
Opening the EU banking market
for 3rd party providers
Introduction of security
requirements for consumer
protection and rights
Turning point for traditional banks and opportunity
for Fintechs
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The core of changes – PISP and AISP models
01.05.2023 Technology insights - PSD26
Source: Accenture
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Where is it impacting us today?
01.05.2023 Technology insights - PSD27
*Source: Deloitte
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Practical next steps
• Implementation of Regulatory Technical Standards (RTS)• Provision to EU member state legislation• Trade offs between market needs
– Should be high degree of security but also facilitate innovative means of payment– Only high level standards to support innovation vs. detailed level standards to support
integration– ”Onerous authentication” vs. ”one-click payments”
• More clarity on Strong Customer Authentication (SCA)– ”dynamic linking” ie. amount not known and bulk payments
• Identity on Payment Service Providers (PSP)
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”Own the relationship”
The role of Fintech and Digital innovations in banking*
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”Disrupt the model”
”Enable the value chain”
*Source: McKinsey
20 % of Fintech companies
20 % of Fintech companies
60 % of Fintech companies
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What can we expect from the future?
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Potential areas of impact for corporate customers
01.05.2023 Technology insights - PSD211
Visibility on cash
Centralized collections
Centralized payments
Corporate marketplaces
Financing of supply chains
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Closing Remarks
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Closing Remarks
01.05.202313
Jukka SallinenHead of Cash Management
Technology insights - PSD2
01.05.2023 Technology insights - PSD214 Internal
Thank YouSee you at the next ‘Technology Insights’ – a webinar series from OpusCapitaTopic: Machine Learning (December 15th)
Rowan Lemley
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