A conference on XS2A (Access to Account) was held at Sibos 2016. If you didn't have the chance to attend the conference, you can see the presentation right here.

2. Takeaways
What is Access to Accounts (XS2A)?
Impact to Banks/ASPSP and TPP’s
Introduction CAPS Open Framework
How will it work
Benefits of CAPS for Banks and non-Banks

3. What is Access to Accounts (XS2A)?
New Services and New Players enabled by PSD2
Non account holding Third Party Providers (TPP’s)
● “Payment Initiation Services” (PIS) online transaction initiation on behalf of consumers
● “Account Information Services” (AIS) providing consumers and corporates with account information
● Contract between TPP’s and banks not required
● Authentication methods to be published by banks
● Controls and risk management
● More convenient or flexible authentication methods e.g. through VIP APIs
PSD2 to enable innovation, convenience and additional Security for payers and payments
● Strong customer authentication within PIS/AIS processes
● Payment service providers to implement enhanced security measures
3

4. What is Access to Accounts (XS2A)?
New Terminologies and Approach introduced by PSD2
Payer
Payer Bank/
Issuer bank
Payee
Payee Bank/
Acquirer bank
PSP
Payer
Payee Bank/
Acquirer bank
Payee
Payer Bank/
Issuer bank
● Schemes” vs. “Regulation”
● Definition of “trust
anchors” and technical
specifications
● Payee bank / Acquirer
is out of the equation
● TPP is center of gravity
● Evolution from
traditional messages to
open API model

5. Impact to Banks/ASPSP and TPP’s
Challenges
● Stay compliant but still benefit from change
● Remain liable and open bank system to third parties
● Avoid being further dis-intermediated
● Protect current revenue streams
● Benefit from new services
● Reachability, trust and confidence with account holder
Opportunities
● Offer commercial services (paid) beyond (free) compliance
 new revenue streams
● Become a third party provider
 cross-sell / consolidate customer
● Encourage own Fintechs providing innovative services on your behalf
 bind/attract customers
● Direct dialogue between user and its account servicing bank
 reduce intermediaries

6. Introduction CAPS Open Framework
From idea to reality
● Concept:
“make PSD2 work”, common set of beliefs shared by
many, open banking, explore collaborative space, find
win-win
● Principles:
Coalition of the willing, open governance,
optional/non-exclusive framework, model agnostic,
value-added services
● Concrete:
APIs, data elements, messages, procedures
● Implement:
CAPS service providers, optional interoperability
Compliance
with PSD2,
RTS, ERPB etc.
CAPS
Basic
Services
CAPS
Premium
Services
● From regulation to making PSD2 work
Equens is an active advisory member of CAPS. More about CAPS: https://www.caps-services.com/

7. How will it work
Learn from industry how to make this a success for you
TPPs and FinTechs interconnected to introduce innovations.
How?
● Open up towards Development Community
● Provide API, tools, community support
● Promote initiative by embedding developers apps directly on website
● Provide tools to allow designing of apps across platforms: Android, iPhone, etc.
● Creating new services e.g. compliancy services, validation services, TPP services
Focus on trust and expertise
● Consumers have established relationship with Banks but not with third parties
● Provide trusted value added services
Be innovative and lead towards the future
● Use your specific advantages
● Partner to win
● Try new things and take the risk to fail fast

8. Benefits of CAPS for Banks and ASPSP
For Banks
● Cost effective compliance to PSD2 and the
regulatory technical standards (RTS)
● Put bank account at the center of innovation
● Higher level of security at lower costs and
increased responsiveness
● Efficient and effective dispute handling process
● Access to new functions and business
opportunities
For ASPSP
● Single standardized access to many banks
● Simple enrollment and integration process
● Access to development portal & standard and
value adding APIs
● Standardized procedures such as dispute and
fraud management
Payee Bank/Acquirer bank
Routing Service
Payer Payee
Payer Bank/ Issuer bank
Validation Service
iPSP
Reach
Aggregate

9. Takeaways
XS2A will facilitate Creativity, Innovation and Competition in Europe
● Opportunities for banks and communities
– Regain control over banking credentials and security, build on strong customer authentication
– Bank account in the center of innovation: direct customer-to-bank dialogue
– Unleash innovative power of third party developers in a regulated manner
– New services and new revenue opportunities
– API Standard Interfaces are the technical enabler
– Infrastructures can play a key enablement role
● New use cases
– Mobilizing P2P payment volumes, Mobile Payments
– Mortgage & Lending (using AIS)
– Micro payments
– Cash Replacement
– Substitution of card payments (through e.g. B2C PIS)