Bright Future of Open Banking

30. Mars 2017

Ina Gjerstad, Open Banking

Agenda

• Open Banking in Nordea

• PSD2 implementation

• Fintech collaboration

2

Open Banking

is providing Customers access to

their Data

through a suite of applications

built by the Bank, Partners and

potentially anyone

4

www.nordeaopenbanking.com

• Start a conversation with developers.

• Spread knowledge

• Highlight our wish to listen and collaborate.

5

Leading digitalization requires us to stay at the forefront through

Open Banking – more innovative services quicker

PSD2 and EU Data Protection Regulation makes it

mandatory to open up customer data

6

RTSRegulatory Technical Standards

PSD2 in Nordea

• Affect on existing products and channels

• Scope for PSD2

• «The» RTS

• Support European industry standardization work in

regards to Open Banking and want to avoid

fragmentation – E.g. CAPS, Berlin Group, ERPB WG,

– Collaboration in local BAs, e.g. BITS in Norway

• When should what be ready?

• Share data according to customer consent

• Operational readiness Open Banking

• Build competence

7

Fintech collaboration in Nordea

Why:

• Meet customer needs

• Social responsibility

• Share knowledge, competence and

expertise– Learn from agile and digitally native companies

• Culture change– attitude, mindset, flexibility

and skills – Experiment – test the value of an idea

• Commercial potential and new business

models

8

Takk!Ina Gjerstad

Open Banking