2. 11
The PSD2 landscape
Digital aggregators have already disrupted a number of industries,
PSD2 could be the accelerator for financial service disruption
Source: Expert interviews; McKinsey FinTech Panorama data base; Team analysis
ILLUSTRATIVE
Job search Retail Travel
Maturity
Time since disruption started
Financial services
3. 22
The PSD2 landscape
A number of new opportunities will derive from AIS and PIS
Money
transfer
Payment
initiation
services
Mobile
payment
Spend
overview
Budgeting
tools
PFM
Tools
Financial
Overview
Recurring
payments
Account
information
services
Cross
border
transfer
4. 33
Approaching PSD2 as an opportunity
Increased connectivity through APIs and Open Banking approach offers new
possibilities
Willingness to invest
Open platform supporting
scaling & partnering
Focus on cx and innovation
Willingness to invest
New technologies,
capabilities and know how
New business models
New operating model
In-house
developmen
t
Invest
and
partner
Acquire &
Integrate
Reputation
Willingness to invest
6. 55
Work on PSD2 Compliance is well under way, but API implementation time-line is
related to finalization of Regulatory technical standards (RTS)
Jan 2018 3Q 2019Timeline 1Q 2019
DanskeBank
RTS Final Text
Released by
European
Commission
Nov 2017
IndustryLevel
Adopting PSD2
In to national law
Sandbox ready
for TPPs to test
APIâs
(+12 months)
RTS Implementation.
deadline, incl. APIâs
(+18 months)
RTS Analysis
DB APIâs available
for selected TPPâs
Parliament expected
to approve RTS Text
2Q-Q3 2018
PSD2 Roadmap
updated based on
RTS implications
API Standard: Berlin Group (& Open Banking UK)
8. 77
Organising to capture opportunities
A number of initiatives are set in motion to capitalise on opportunities
- The APIs are only an enabler
Nordic Startup
community platform
Building new
competencies
Organising for
partnerships
Open Banking UK
Nordic approach
9. 8
Financial Dashboard aims to provide full financial overview & control
By offering an interface that
⢠Adapts to corporate workflows,
⢠Integrates applications from
multiple service providers
⢠Features proactive advisory
and insights
we want to enable you to optimize
your daily financial workflows and
decision making
10. 9
How does Financial Dashboard create value?
Access to partners
An open and scalable platform
will provide a full financial
overview by connecting
services and information across
different partners.
Customizable platform
Tailor your own dashboard with
the right information to help you
streamline your daily workflow.
Automated workflow
Automated workflows will
optimize your processes,
reduce risks and allow you to
focus on your core business.
Advice and insight
Proactive advice and data
driven insights will support you
in making better financial
decisions.
12. 11
Danskeâs Open Banking site with access to APIs will be our point
of entry for digital eco system
A complete banking API
Secure APIs based on industry
standards across a range of
core banking functionalities
A solid test environment
A sandbox environment that
allows you to efficiently test API
integrations with your apps
Community support
A platform for collaboration and
building new digital products
and services
13. 12
Do you have a collaboration idea or do you simply want to be on the early access
list? Head over to our website or get in touch with us for a quick meeting.
www.danskebank.com/OpenBankin
g
OpenBanking@danskebank.com
Constantin Marinescu
ciu@danskebank.com
14. 1313
Thank you!
Knut Anders Wangen
Chief Digital Officer Norway, Danske Bank
www.danskebank.com/openbanking
openbanking@danskebank.com
Hinweis der Redaktion
A wide spectrum of aggregator propositions are emerging, enabled by new tech trend, high level of venture capital as well as traditional banks investing in aggregation opportunities in light of PSD2
Comparison of prices and combining providers led to decrease in avg. EBIT margin from 14% to 6% with customer relationship shifting to aggregators
Starting point is AIS and PIS and from there add ancillary services
What we see is that fintechs are not trying to outcompete banks but instead are very willing to partner up with banks