In the EU, the implementation phase of PSD2 regulation has begun. Open banking is also becoming an increasingly important topic for financial institutions in Switzerland. On September 18, 2018 in Frankfurt and September 19, 2018 in Zurich, we will inform you about the current status of Public APIs during a Digital Banking Breakfast and point out simple implementation methods.
In the financial sector, the signs are pointing to open banking worldwide. A fifth of the participants in the global Accenture Open Banking Pulse Survey stated that they had already invested in such technologies. This is planned to reach 77 percent by the end of 2019. More than 70 percent of Europeans surveyed see new opportunities rather than a burden in the development initiated by regulations such as PSD2. We want to take a closer look at the current situation in Switzerland and Germany at our Digital Banking Breakfasts.
Frankfurt: Open Banking out of the Box
On September 18, Henrik Büttgen, Manager of the management consultancy OSTHAVEN GmbH, will outline lessons learned from current PSD2 projects at Fleming’s Selection Hotel Frankfurt-City. Ludwig Volk, our Head of Product Management, presents the PSD2 module “Open Banking out of the Box”. The minimum set allows financial institutions to implement the required opening for third-party providers very quickly and with the minimum of effort. Subsequently, we discuss what other perspectives arise apart from the mere fulfilment of duties. Industry colleagues report on the challenges and stumbling blocks of the PSD2 implementation and we go into detail on imaginable next steps.
Zurich: Open Banking from a cantonal and major bank perspective
One day later, on September 19, we will not only invite you to the CLOUDS Kitchen panorama restaurant for a wonderful view of Zurich, but we have also secured speakers who will give you exciting and practical insights into what is already possible with Open Banking today. The digitisation strategy of SGKB (St. Galler Kantonalbank) is exemplary for medium-sized regional institutions. Together with the cantonal bank, we have recently developed an extension with which corporate customers can easily and securely link their online accounting system to SGKB’s digital banking via public APIs. Falk Kohlmann, Innovation Manager of St. Galler Kantonalbank, will give us at the Digital Banking Breakfast an overview of all digitisation measures in connection with Open Banking. With Marcelo Victoria, Head of Digital Corporate Bank at Credit Suisse, we have gained another top-class banker. He introduces us to the multibanking strategy of the major bank.