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Fintech Focus: Payment Service Directive (PSD2)
Rating: 3.9 out of 5(50 ratings)
1,185 students

Fintech Focus: Payment Service Directive (PSD2)

A brief focussed coures on PSD2.
Created byGlobal FinTech Academy
Last updated 8/2023
English
English [Auto],

What you'll learn

  • Get an overview of PSD2
  • Payment Service Directive
  • Ecosystem of PSD2
  • Need of PSD2

Explore related topics

Course content

1 section • 7 lectures • 43m total length

  • Payment Services Directive (PSD) 26:22

    PSD2 mandates banks to open access to customer account data securely via APIs, creating a more integrated and efficient European payments market.

  • Account Information Services Provider (AISP)9:09
  • Payment Initiation Service Provider (PISP)6:07

    Discover how a payment initiation service provider can initiate payments from your bank account with your consent, operate efficiently, without holding funds or altering payment details under PSD2 open banking.

  • Payment Instrument Issuing Service Provider (PIISP)3:21

    Describe the role of the payment instrument issuing service provider (PIISP) in PSD2, how CISPA checks fund availability with banks, and how this validation informs the payment initiation service provider.

  • Account Servicing Payment Service Provider (ASPSP)5:01

    Identify aspsp as your bank under psd2; banks must receive and honor payment orders with explicit consent and provide account information to authorized initiation and account information service providers.

  • Access to Account/XS2A7:13

    Explores access to account as an API-driven gateway under PSD2, detailing how banks guard customer data with consent and strong authentication in API-based open banking.

  • Need of PSD26:05

    Explore why PSD2 enables open banking by standardizing APIs and giving customers control over their data. Learn how regulation drives data protection and fuels competition, enabling transactions via single sign-on.

Requirements

  • Have basic understanding of Financial services industry
  • Patience to Listen, Learn and Reflect on discusssed points.

Description

Master the Future of Finance: Unleash the Power of PSD2 and Open Banking

Attention Financial Services Professionals,

Are you ready to embark on a journey that will redefine your understanding of the financial world? In today's rapidly evolving landscape, it's not just about being in the financial services domain; it's about being at the forefront of innovation. If you're intrigued by the buzz around Application Programming Interfaces (APIs), Open Banking, and the Payment Services Directive 2 (PSD2), you're in the right place.

Explore the Financial Revolution

Course Highlights:

  • Deciphering PSD2: Gain insights into the Payment Services Directive 2 (PSD2), a game-changer in the financial industry.

  • Strong Customer Authentication (SCA) 2FA: Understand the critical concept of Strong Customer Authentication and its importance.

  • Unlocking AISP, PISP, PIISP, and ASPSP: Delve into the world of Access to Account (XS2A) and grasp the roles of Account Information Service Providers, Payment Initiation Service Providers, Payment Instrument Issuers, and Account Servicing Payment Service Providers.

  • The Open Banking Era: Explore how Open Banking is transforming the financial sector and reshaping traditional business models.

  • API Economy and Sharing Economy: Anticipate the rise of the API and sharing economies and their impact on new business models.

  • Strategies for Success: Prepare yourself, your organization, and your career to ride the wave of change.

Is This Course Right for You?

If you're a financial professional or an enthusiast looking to stay ahead of the curve and understand the disruptive forces that are reshaping financial services, this course is your gateway to unlocking new opportunities.

Why Wait? The Future Awaits!

In today's fast-paced world, being one step ahead is crucial. This course is your opportunity to gain the knowledge and insights you need to thrive in the evolving financial landscape. Don't miss out on the chance to lead the way.

Join us in this exhilarating journey, and let's embrace the future of finance together.

Best Regards,

Global Fintech Academy

"Our unwavering commitment is to provide our students and clients with top-tier training, marked by quality and excellence, consistently earning us 5-star ratings."

Who this course is for:

  • Open API, Open Banking, API Banking, PSD2
  • People interested to understand API banking, Open Banking, Shared economy and FinTech, Financial Technology, PSD2

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