With the PSD2 directive – seen as the biggest game changer since SEPA – banks will no longer hold a monopoly on payments. The account information of businesses will be made accessible to new 3rd parties, opening the door for companies to manage payments and take advantage of other finance opportunities.

1. Technology Insights – PSD2
A webinar series from OpusCapita

2. Internal
Agenda
• Introductions
• What is PSD2
• Where is it impacting us today
• What can we expect from the future
• Closing remarks
25.11.20162 Technology insights - PSD2

3. Internal
Rowan Lemley (host)
Introductions
25.11.20163
Jukka Sallinen
Head of Cash Management
Technology insights - PSD2

4. Internal4
OpusCapita by the numbers
Company:
• Founded 1984
• Over 2100 employees
• Revenue €257 million (2015)
Buyer-Supplier Ecosystem:
• 8 000 customers in over 100 countries
• ~100 000 suppliers
• 600 million transactions annually, 200 million
processed purely electronically
• 40 million different products bought and sold

5. Internal
What is PSD2?
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Opening the EU
banking market
for 3rd party
providers
Introduction of
security
requirements for
consumer
protection and
rights
Turning point for
traditional
banks and
opportunity for
Fintechs

6. Internal
The core of changes – PISP and AISP models
25.11.2016 Technology insights - PSD26
Source: Accenture

7. Internal
Where is it impacting us today?
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*Source: Deloitte

8. Internal
Practical next steps
• Implementation of Regulatory Technical Standards (RTS)
• Provision to EU member state legislation
• Trade offs between market needs
– Should be high degree of security but also facilitate innovative means of payment
– Only high level standards to support innovation vs. detailed level standards to support integration
– ”Onerous authentication” vs. ”one-click payments”
• More clarity on Strong Customer Authentication (SCA)
– ”dynamic linking” ie. amount not known and bulk payments
• Identity on Payment Service Providers (PSP)
25.11.2016 Technology insights - PSD28

9. Internal
”Own the
relationship”
The role of Fintech and Digital innovations in banking*
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”Disrupt the
model”
”Enable the value chain”
*Source: McKinsey
20 % of Fintech
companies
20 % of Fintech
companies
60 % of Fintech
companies

10. Internal
What can we expect from the future?
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11. Internal
Potential areas of impact for corporate customers
25.11.2016 Technology insights - PSD211
Visibility on
cash
Centralized
collections
Centralized
payments
Corporate
marketplaces
Financing of
supply chains

12. Closing Remarks

13. Internal
Closing Remarks
25.11.201613
Jukka Sallinen
Head of Cash Management
Technology insights - PSD2

14. Thank You
See you at the next ‘Technology Insights’ – a webinar series from OpusCapita
Topic: Machine Learning (December 15th)
Rowan Lemley