PSD2 and Open Banking: Your API-led Digital Transformation
APIs are thought to be the foundation of digital transformation and can be seen as the “reception” and front line of defence of a modern digital business. Therefore, it is important to understand what your APIs are and how they can transform your enterprise to meet the demands of the digital world.
Set off by the PSD2 mandate, which requires banks in Europe to expose customer data to third parties, open banking provides the perfect example of exploiting API-led digital transformation. Open banking focuses on API management as the core technology to expose this data in a secure, controlled and monitored manner. Banks are still grappling with the fact that PSD2 takes away customer ownership and loyalty that they have competed on for many years. The adoption of open banking changes this entirely. It provides an API ecosystem that connects banks, FinTechs and other service providers to create a digital customer experience.
Who should attend?
Enterprise architects, solution architects, CTOs, CIOs, directors of API management and others who are working on PSD2 compliance and looking to adopt open banking as an API-led digital transformation
In this workshop we will discuss:
- PSD2 and its impact in redefining banking as we know
- The journey from Open APIs to Open Banking - An ecosystem for digital transformation
- Winning with PSD2 - Building an open banking strategy for success
- Learn how to take your journey from Open APIs to Open Banking to Digital Transformation. This workshop will also cover how to build a long term open banking strategy by thinking beyond 2018.
WSO2 workshops are meant to be practical, interactive and educative. They are presented by WSO2 personnel who regularly participate in architecture reviews and consulting services and very often are a part of our engineering team.