The European directive DSP2 (Directive on Payment Services) requires banks to open up access to their data via regulated APIs, thus encouraging the emergence of Open Banking. A major European banking group had to comply with these requirements, while capitalizing on the business opportunities offered by these regulations. The objective was to structure and manage the compliance process, ensuring effective coordination between the group’s various entities, while optimizing the commercial benefits associated with the necessary transformations.
In-depth expertise in banking, fintech and regulation.
Mastery of data models and PSD2 requirements.
Agile approach to adapt to a constantly evolving regulatory framework.
Experience in multi-stakeholder coordination and harmonization of initiatives.
Support for API and customer journey optimization strategy.
Stabilization of the regulatory perimeter for a precise framework.
Adoption of an agile methodology to ensure flexibility.
Active participation in industry working groups for optimum alignment.
Formalize and optimize customer paths.
Rigorous monitoring and planning of API availability.
Framing and definition of regulatory requirements.
Coordination of initiatives within the Group.
Implementation of an API deployment roadmap.
Follow-up of sectoral working groups to ensure compliance.
Optimizing business transformations to maximize profits.
Changing regulatory framework making project framing more complex.
Coordination of multiple internal and sectoral initiatives.
Harmonization and synchronization of actions between entities.
Agility to adapt API development to PSD2 requirements.
On-time regulatory compliance.
Optimizing customer paths for a better user experience.
Improved responsiveness and efficiency in API management.
Strengthening the position of a major European banking group in the Open Banking market.
