Open Banking & PSD2

PSD2 is the legal framework for innovative payment services. You could hardly call it a buzzword, nevertheless it is everybody’s cup of tea in anticipation of 13 January 2018. That day, the revised payment directive becomes applicable.

Curious what experts Silvia Kersemakers (European Commission), Maarten Verboven (Hello bank!), Lars Markull (figo), Meaghan Johnson (11:FS) and Simon Taylor (11:FS) see as the advantages and disadvantages of the Payment Services Directive (PSD2)? We share our expertise here:


Improving payment services is more than launching a new app. Let’s discuss the less sexy side of payment innovation, being infrastructure change and payment policy. PSD2 is the legal framework for innovative payment services. You could hardly call it a buzzword, nevertheless it is everybody’s cup of tea in anticipation of 13 January 2018. That day, the revised payment directive becomes applicable. The European Commission is working to create an efficient and integrated market for payment services in the EU and PSD2 is an important step towards that Digital Single Market. PSD2 promises to deliver the best outcomes for both customers and the industry, and we all realise that policy innovation involves very different parties.

#2 FinTech Futures: unlocking the advantages of open banking

15 FEBRUARY 2017

Did you miss our Vlerick FinTech Futures event on Open Banking? We had the right people in the room, as no less than 210 banking professionals answered “yes we can” in an effort to unlock the advantages of open banking. FinTech Futures proved its urgency, as the event on Wednesday 15 February 2017 was fully booked in only a couple of hours.

Fintech - Open Banking event - 15 February 2017

Curious to learn more about open banking? Enjoy a good read here, FinTech Futures - Open Banking, written by FinTech influencer Tine Holvoet. Download the slide decks by Silvia Kersemakers (European Commission), Maarten Verboven (Hello bank!), Lars Markull (figo), Meaghan Johnson (11:FS). 

Silvia Kersemakers - European Commission

Silvia Kersemakers, European Commission, DG FISMA

“Regulation and financial innovation: not each other’s enemy.”

Silvia Kersemakers is expert in large scale projects on secure information exchange across the European Union. She has been closely involved in the preparation of the Commission proposal for the revised Payment Services Directive (PSD2) and the negotiations on the final text which was adopted end 2015. Currently, she is involved in the so called “Level 2” measures which are being developed by the European Banking Authority under PSD2 in the area of payment security and supervision, for endorsement by the European Commission.

Meaghan Johnson - 11:FS

Meaghan Johnson, 11:FS

“Fundamentally what does a bank these days need to be good at and what can they allow others to be good at for them?”

Meaghan Johnson is Director of Research and co-founder at 11:FS. Having provided competitor intelligence and benchmarking research for dozens of global financial institutions over the past five years, she lives and breathes what banks, disruptors and FinTech vendors are currently offering and how they can be improved.

Maarten Verboven - Hello bank!

Maarten Verboven, Hello bank!

“Telco’s, media, … might become competitors. Isn’t the opposite true as well? We have an excellent position to explore new markets!”

Maarten Verboven is Head of Product & Channel Management at Hello bank! Recently rewarded for the launch of the first online mortgage in Belgium, he stresses the difference between developing another app and the aim to make buying a home simple and transparent. He sees open banking as a means to offer innovative products and services to a young and dynamic community in the most seamless way possible.

Markull Lars

Lars Markull, Figo

“We count more than 3.200 financial sources in Germany & Austria. In this multitude, figo enables unified access to all financial sources, through figo all financial sources look the same.”

Whizz-kid and digital native Lars Markull is responsible for the developer community, hackathons and bank and start-up projects at figo. Originally founded in 2012 as Banking App (B2C business), this Hamburg based company currently counts 40 employees and is now a leading Banking API provider, recently funded by Deutsche Boerse. Figo is a company that is genuinely trying to make the world a better place. Inspirational!

Prof. Bjorn Cumps, Vlerick Business School

“Open Banking is the road towards financial Lego”

Passionate about banking and technology, Prof. Bjorn Cumps is specialised in financial services innovation and FinTech. At Vlerick Business School he is heading the Vlerick Centre for Financial Services, initiating the FinTech Bootcamp and holding the BNP Paribas Fortis Chair on banking as a platform. He strongly believes the new digital mind-set will reshape our current financial landscape. He is fascinated by the FinTech scene which brings together traditional banks, tech companies and new digital start-ups.

Accreditations
& Rankings

Equis Association of MBAs AACSB Financial Times