Payment Service Directive 2

Turn PSD2 to your advantage

The impact of PSD2 extends beyond compliance. The coming into force of this new regulation will bring further disruption to the banking market.

Compelled by the Access to Accounts (XS2A) rule which stipulates that banks must provide access to their customers’ data to third-party payment providers, traditional banks will lose part of their revenue. It is critical for banks to gain a competitive edge by leveraging PSD2 to establish themselves as the payment provider of choice in their markets.

Traditional banks should embrace the Bank-as-a-Service model, supported by an open-API strategy, to foster application and service innovation.

As the sector specialist for delivering IT solutions to retail banks, GFT can help you turn disruption to your advantage. We will support you with the definition and development of an open-API platform that meets the mandatory requirements for PSD2, offering you a wide variety of options to help you use this platform to develop new services.

Customer engagement

Increase customer loyalty

Banks should aim to keep their customers engaged at all times, meeting them in their channel of choice and offering innovative payment services supported by a flawless customer experience.

Market footprint

Attract customers away from the competition

In an increasingly open market, customers have an extraordinary number of choices. Banks will have to compete (and win or lose) on functionality and service offerings just as much as on interest rates or mortgage terms.

New revenues

Anticipate customer needs

Additional upselling opportunities by launching new services aimed at consumers and SMEs, including the analysis of transaction data to identify customer needs at any point in time.

We will identify your unique differentiators and help you turn these into competitive advantage by developing new services that leverage PSD2 to offer innovative, value-added payment services.”

Andreas Ebner Principal Consultant

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Know-how

Unrivalled knowledge of the banking business

With over 25 years of experience in the financial services industry, GFT is uniquely positioned to support banks in their PSD2 implementation.

Innovation

GFT can help you turn disruption to your advantage

We will support you with the definition and development of an open-API platform that meets the mandatory requirements for PSD2, and offer you a wide variety of options to help you use this platform to develop new services.

UX Focus

Put yourself in your customers’ shoes

GFT uses its customer experience labs to understand how people like to use payment services and design a seamless user interface. As a result, by the time you launch your service, you already know your customers will love it.