agile and adaptable technology platforms - easing the insanity of the post psd2 world
TRANSCRIPT
Agile and Adaptable Technology PlatformsEasing the Insanity of the Post PSD2 World
Seshika FernandoHead of Financial Solutions
About Us
Get regulated financial services
Get better healthcare
Get new and convenientshopping experiences
Get to places faster
Get efficient public services
Get cost saving benefits
Get more customizedconsumer services
Get more productive
Transactions per year
5 Trillion
1 Billion
2005 2010 2012 2017
About You
Credits to ProSymbols, Bence Bezeredy, Avnihan Kirisik, Artem Kovyasin and Bezier Master of the noun project
27 Countries
50 Banks 35 Fin Tech Providers
6 Deadline Passed12 Extended Deadline
11 Regulatory/Govt
What should keep you up at night
What’s actually keeping you up at
night
Banks
● Do I need to comply?
● What do I need to have in order to comply?
● Can my IAM step up to the challenge?
● How do expose APIs from my legacy systems?
● Will this be a sunk cost? Or can I get a RoI?
Banks
● Do I need to comply? [Article 2 of PSD2 Regulation]
● What do I need to have in order to comply? [APIM, API Security, TPP Onboarding, IAM]
● Can my IAM step up to the challenge? [MFA, Consent Management]
● How do expose APIs from my legacy systems?[Integration points, Connectors]
● Will this be a sunk cost? Or can I get a RoI? [Stay tuned]
TPPs
● How do I integrate Banks with multiple different API specifications?
● How do I do Transaction Risk Analysis
● How do I connect my TRA to my IAM to provide SCA exemptions?
● How do I standout among the rest?
TPPs
● How do I integrate Banks with multiple different API specifications?[API Integration]
● How do I do Transaction Risk Analysis [Real Time Analytics]
● How do I connect my TRA to my IAM to provide SCA exemptions?[Adaptive Authentication]
● How do I stand out among the rest? [Stay tuned]
● Full PSD2 compliance including adherence to RTS for SCA and SC
● Provide standardised API Specifications for Payment and Account information
● Out of the Box API Security (OAuth2)
● Strong Customer Authentication (SCA)
● Adaptive Authentication based on rules defined
● User Consent Management
● Integration with core-banking systems & external services
● API Analytics & Business Insights with Dashboards
● API Monetization to create various revenue models
Getting compliant using WSO2 Open Banking
Beyond Compliance – Market Expansion
Bank A
Bank B
Bank C
Merchant
Consolidated customer account and payment
info across multiple Banks
TPPTPP
Beyond Compliance - New Revenue Streams
Consolidated customer account and payment
info across multiple Banks
Bank A
Bank B
Bank C
Merchant
TPP
Becoming a Part
of Customer Lifestyles
Open Technology for Agile Digital Business
WSO2 Open Banking
API ManagementAPI Security + SCAConsent ManagementTPP Onboarding API Analytics
PSD2 Compliance
API IntegrationFraud DetectionTransaction Risk Analysis API Analytics Dashboards
TPP Provider
Web/Mobile App SuiteBusiness InsightsInsight SalesRequired Integration
Digital Transformation
Why WSO2● World class technology, preconfigured for full compliance and business expansion
● Proven track record of working with financial institutions of all sizes
● Standards-based API-M/Integration interoperates with COTS or bespoke tech
● Minimum impact/changes to existing internal systems and B2B integrations
● Ability to implement through Bank’s preferred local partners
● Structured training programs for IT staff, and focused workshops/hackathons
● Ability to seamlessly cater to evolving regulations and business priorities
THANK YOU
wso2.com