Bright Future of Open Banking
Transcript of Bright Future of Open Banking
Bright Future of Open Banking
30. Mars 2017
Ina Gjerstad, Open Banking
Agenda
• Open Banking in Nordea
• PSD2 implementation
• Fintech collaboration
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Open Banking
is providing Customers access to
their Data
through a suite of applications
built by the Bank, Partners and
potentially anyone
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www.nordeaopenbanking.com
• Start a conversation with developers.
• Spread knowledge
• Highlight our wish to listen and collaborate.
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Leading digitalization requires us to stay at the forefront through
Open Banking – more innovative services quicker
PSD2 and EU Data Protection Regulation makes it
mandatory to open up customer data
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RTSRegulatory Technical Standards
PSD2 in Nordea
• Affect on existing products and channels
• Scope for PSD2
• «The» RTS
• Support European industry standardization work in
regards to Open Banking and want to avoid
fragmentation – E.g. CAPS, Berlin Group, ERPB WG,
– Collaboration in local BAs, e.g. BITS in Norway
• When should what be ready?
• Share data according to customer consent
• Operational readiness Open Banking
• Build competence
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Fintech collaboration in Nordea
Why:
• Meet customer needs
• Social responsibility
• Share knowledge, competence and
expertise– Learn from agile and digitally native companies
• Culture change– attitude, mindset, flexibility
and skills – Experiment – test the value of an idea
• Commercial potential and new business
models
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Takk!Ina Gjerstad
Open Banking