PSD2 & Open banking: impact on the financial ecosystem and new challenges
This training program prepares participants for 2 major challenges of the upcoming years in banking: PSD2 and Open Banking. This will have a major impact on the financial ecosystem and will create new challenges.
The goal of this training course is to:
- become aware of the ways PSD2 & Open Banking affect banks and other players in Europe;
- understand the impact of the technical requirements with a focus on strong customer authentication;
- outline the risks and responsibilities of the involved parties within the new regulatory framework;
- understand the impact of Open Banking APIs (Application Programming interfaces);
- understand the impacts of the PSD2 & Open Banking the financial ecosystem;
- evaluate the risk and opportunities created by PSD2 & Open Banking the banks and the new players;
- determine an action plan for your company.
Total price *
Members: € 550
Non-members: € 650
Partner BZB: € 550
Incompany: op maat, prijzen op aanvraag
* Price: service in the context of continuous professional training, exempt from VAT
Points
- Banking: 3 p/h
- Compliance: 3 p/h
Continuous Professional Development
Exam/CPD
600.013
600.004
Available dates
22/03/2023 - 09:00u - 17:00u - PSD2 & Open banking: impact on the financial ecosystem and new challenges
Geef ons jouw interesse door indien er geen datum beschikbaar is, de geplande datum voor je niet past en/of deze sessie volzet is. Van zodra een vijftal personen ingeschreven zijn op de interesselijst stellen wij jou een nieuwe datum voor. Jouw inschrijving op de interesselijst is kosteloos en zonder enige verplichting.
Target group
This training course can be followed by multiple target groups:
- managers of a banks/PSP’s/Fintechs involved with the payments and digital strategy;
- Product Development Experts (payments);
- service providers involved with Open Banking;
- Corporate Treasurers;
- Compliance Officers.
Required prior knowledge
Advanced level training: this training requires a general basic knowledge of the subject.
Programme
CONTENT
This training program prepares participants for two key challenges of the upcoming years in banking: PSD2 and Open Banking.
- Part I: PSD2 and Open Banking - overview
- PSD2: Scope and Basic Principles
- XS2A (Access the Accounts)
- New Players: AISP and PISP
- SCA (Strong Customer Authentication)
- Consent and SCA
- Requirements for the Banks and TPPs
- Timetable
- Trends in Open Banking
- Part II: Open banking architecture: Implications for banks and the New Players
- XS2A: Risks, Responsibilities and obligations of the related parties
- XS2A: Availability Requirements
- Setting up the SCA in Practice
- SCA: Optimization of the Exemptions
- Security requirements ensuring consumer protection
- Addressing the fraud and cyberattack risks
- Technology: building interfaces – APIs (Application Programming Interfaces)
- European initiatives to standardize the interfaces
- Practical aspects – Role of Aggregators
- Group Exercise
- Part 3: PSD2: Potential impact on the market and next steps
- Global impact on the market – New Players
- Impact on the Payments Landscape
- Impact on the Cards and Digital Payment Instruments
- Impact on the Merchants and the e-commerce
- Impact on corporates
- FinTech Companies: ready to disrupt banks?
- Implication on the Digital Banking Strategy
- The new role of competition and cooperation
- Action Plan for Banks and New Players
- Group Exercise
PRACTICAL INFORMATION
- Duration: 1 day of training (6 class hours)
- Hours: 09:00 to 17:00
- Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussels
- Language: This training will be given in English
Methodology
You follow a ‘Classroom training’ face-to-face in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).
Teaching materials: PowerPoint presentation (slides)
Bank: The course covers the technical knowledge regarding the financial products in banking and investment services in accordance with Article 7, §1, 1°, b and c of the Royal Decree of 1 July 2006.
Teachers
François Christian J De witte
Clearing, settlements & payments
