THE NEW ROLE OF BANKING
The revised Payment Services Directive (PSD2) is triggering a new era for banking.
The directive is set to reshape banks positioning that is creating great opportunities for new business models.
Three primary strategic roles are available for banks to comply with PSD2: Comply, Engage, Build.
KOBIL helps organizations to fulfil these strategic roles and to comply with Regulatory Technical Standards (RTS) and General Data Protection Regulation (GDPR) by adding trust do digital processes.
BANK AS A SERVICE
Comply with PSD 2
By embracing the simplest role among the vast
opportunities that PSD2 has presented, being a bank as
a service means establishing a secure environment with
providing strong customer authentication, authorization
and secure communication for your customers in a
playing field with new competitors and dynamics,
which is now emerging as a new business model and an
efficient competitive toolkit.
BANK AS A PLATFORM
Monetize by API
The second role that PSD2 presents to banks is to
become a bank as a platform. With PSD2 enabling
nonbank companies to become competitors to banks,
banks should look forward to create new opportunities
Becoming a platform will allow banks to earn
revenue not only from monetary exchange but from
nonmonetary exchange as well, such as exchange of
data, algorithms and digital currencies. This option
enables banks to create new revenue streams and
have competitive edges against their new and existing
BANK AS AN ECOSYSTEM
Build your own Ecosystem
The ultimate role for banks is becoming an ecosystem.
The Digital Business Model ecosystem is a self-contained,
paperless digital world, which can be used
for your company internally, but also with your partners