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Fintech Focus: Payment Service Directive (PSD2)
Rating: 4.4 out of 5(68 ratings)
1,466 students

Fintech Focus: Payment Service Directive (PSD2)

A brief focused course on PSD2.
Created byGlobal Fintech Academia
Last updated 9/2022
English
English [Auto],

What you'll learn

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

Course content

1 section • 7 lectures • 43m total length

  • Payment Services Directive (PSD) 26:22

    Explain how the European Union regulation PSD2 mandates banks to open access to accounts and customer data via secure APIs, enabling open banking, fintech competition, safer payments, and lower prices.

  • Account Information Services Provider (AISP)9:09

    Explore how an account information service provider (AISP) operates under PSD2, offering read-only, consent-based access to bank data, a single sign-on view, and regulated data sharing with advisors.

  • Payment Initiation Service Provider (PISP)6:07
  • Payment Instrument Issuing Service Provider (PIISP)3:21

    Explore the role of payment instrument issuing service providers under PSD2, showing how they verify funds availability with banks before card payments, wearables, or mobile apps initiate payments.

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

    Defines ASPSP as the bank and explains PSD2 obligations to honor customer payment orders with consent and provide account information to third-party providers, driving open banking and competition.

  • Access to Account/XS2A7:13

    Access to account (XS2A) acts as a secure gateway guarding customer data and enabling API access only to authorized third parties with customer consent, via PSD2's two-factor or multi-factor authentication.

  • Need of PSD26:05

    Explain why psd2 drives open banking by standardizing apis, empowering customers to control their data under gdpr, and enabling seamless, single-sign-on transactions that boost innovation and competition.

Requirements

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

Description

IF you are working in the Financial services domain, you will be able to understand what is Application Programming Interface, Open Banking and PSD2, how it will change the face of not only financial services but of every industry.

Please go through the curriculum thoroughly before purchasing the course"

Why do I say that every company has to be a FinTech company? This is a brief overview course on PSD2 and is part of our PSD2 and GDPR course. This is a course for those who want to understand the Payment Service Directive (PSD2).

If you want to know more about the PSD2 and GDPR in the same course you can pursue our combined course on Open Banking, GDPR and PSD2

Content

Overview of PSD2, Strong factor of Authentication 2 FA, AISP, PISP, PIISP, ASPSP, XS2A Access to Account

FinTech Digital Banking, Digital Finance, Financial Technology.

Be Able, Be one step ahead.

Open/API economy will give rise to the sharing economy and to new business models, and you must be ready before that wave hits you/your organisation/your job and your career. All the best, see you in the course.

Global Fintech Academia

"Our aim is to deliver good quality and 5 Star training to our students and clients".

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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