Capgemini, a global leader in consulting, technology and outsourcing services, today announced the launch of Capgemini’s PSD2 Open Banking Solution, a platform that will transform the ability of banks and payments services providers (PSPs) to unlock new digital business models in light of the European Union’s Revised Payment Service Directive (PSD2) regulations. The PSD2 regulations have set the stage for an open banking and payments ecosystem. Capgemini’s PSD2 Open Banking Solution is designed to dramatically lower the cost of compliance by accelerating strategy definition, readiness assessment, and implementation capabilities including new forms of collaboration with a whole ecosystem of business partners.
Banks and PSPs across Europe are challenged to achieve PSD2 compliance by January 2018, and are also under increasing pressure to improve protection for online payments, encourage innovation in payment services, engage customers better, and make cross-border payments safer. Capgemini’s market-ready approach enables banks and PSPs to define their initial PSD2 strategy, adapt their offerings to the new payments landscape, then analyze PSD2 compliance requirements and link them to the interpretation that each member state will adopt.
Capgemini’s PSD2 Open Banking Solution, hosted on the Amazon Web Services (AWS) Cloud, represents a highly scalable, resilient solution capable of significantly reducing risk and cost of compliance. The platform is designed around four key capabilities, delivered in collaboration with Capgemini partners including AWS, MuleSoft, Token, and AppDynamics:
“There is an opportunity for banks to turn the PSD2 regulatory compliance investment into a catalyst for accelerated digital innovation by differentiating for their businesses and leapfrogging the constraints of legacy technology,” said Anirban Bose, Head of Global Banking and Capital Markets, Capgemini. “We expect that this will mark a clear shift in how we partner with our clients to transform their businesses by unlocking new and exciting opportunities through digital innovations powered by the Open API solution.”
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