Kategorie: PSD2

figo spricht PSD2 Podcast #9: PSD2 und neue Aufsichtspflichten – was muss ich jetzt tun?

Wir sprechen über neue Aufsichtspflichten unter PSD2 und darüber, was jetzt zu tun ist. 

Title pic of figo talks PSD2 Podcast episode 9

Im Podcast dreht sich heute alles um das Thema Erlaubnispflichten für ‚Non-Banks‘. Viel wurde bereits über die Seite der Banken gesprochen. Doch was häufig vernachlässigt wurde ist die andere Seite der Medaille – was ist mit denen, die auf die Bankdaten zugreifen oder Banküberweisungen ausführen lassen?

Diese Player haben es plötzlich mit neuen Aufsichtspflichten der BaFin zu tun.

Heute sprechen André M. Bajorat, Nadja Schlössel und Cornelia Schwertner über das, was diese Gruppe ab Anfang nächsten Jahres beachten muss.

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figo’s updated PSD2 | RTS Progress-O-Meter (Infographic)

figo's updated PSD2|RTS Progress-O-Meter

figo’s updated PSD2|RTS Progress-O-Meter (Infographic)


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figo’s two cents on the Commission’s RTS on communication under PSD2

Go! – Parliament and Council should approve provided RTS

It’s almost done! On Monday this week, the European Commission submitted the Regulatory Technical Standards (RTS) for approval by the European Parliament and Council. figo generally welcomes the latest version with regard to the outcome on XS2A communication under PSD2, even if the devil is in the details once again. Any lingering issues – which we will further outline below – should not become deal breakers and the Parliament and Council should give their approval. We think that these last hurdles can be properly solved by the EBA and national authorities, if they plan their practical involvement wisely now. (mehr …)

Regulatory Technical Standards made easy: New update on the figo RTS Change Log #3

Click on the pic to get the brand new, third update of ‚RTS Change Log‘!

Now it’s almost done! The European Commission submitted the Regulatory Technical Standards for approval by the European Parliament and Council. Subject to the scrutiny period of three months, the rules will be published in the Official Journal of the EU and payment service providers will have 18 months to put the measures and tools in place.

In order to enable you to keep track of the financial changes, figo shares the third ‚RTS Change Log‘ version with you! Simply click on the image!

figo_PSD2: Regulatory Technical Standards Change Log #3

We love to make your life easier by means of our technology and information on the related topics. So sharing our progress in keeping track of the changing requirements of relevant banking regulation feels like the right thing to do for us. Enjoy the convenience!

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PSD2-Fakten und leider auch noch offene Fragen

Dass die Payment Service Directive 2 im Jahr 2018 kommt bzw. in Teilen schon da ist, ist allen im Markt klar.

Bisher wird gerade in der Öffentlichkeit vor allem über die Folgen für Banken gesprochen und deren Bereitstellung von modernen APIs. Was aber bedeutet die PSD2 für die Anbieter, die sogenannten Dritten, die Bankdaten/Bankzugänge in ihren Diensten bereits nutzen oder nutzen wollen? Die Worte Lizenz, Registrierung und Aufsicht stehen im Raum.

Wir zeigen hier die wesentlichen Fakten gesammelt auf und zugleich stellen wir die noch offenen Fragen.

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figo spricht PSD2 Podcast #8 – Bank the ecosystem!

Title pic of figo talks PSD2 Podcast episode 8: bank the ecosystemNote: this is an English episode!

Let’s talk about the ecosystem model in banking!

We are back from a tiny summer breeze break! Happy to provide you with our first podcast after the little holidays break.

Today we are talking with Jamie Campbell from Bud, Lars Markull and Nadja Schlössel from figo.

In our bubble, it feels like everyone is talking about ecosystem models in banking. So we ask ourselves, is that just us, or are there more people outside thinking about how to successfully transfer the approach into the banking world. Short answer: We know we are not the only ones. Numerous talks to banks, strategy consultants and other players alike have proven the relevance of the topic. Also, the first banks are testing it out. So we invited Jamie Campbell from Bud to discuss the topic in more detail. (mehr …)

figo’s PSD2 | RTS Progress-O-Meter (Infographic)

figo's PSD2|RTS Progress-O-Meter

figo’s PSD2|RTS Progress-O-Meter (Infographic)


Here is where you find more PSD2 RTS related Info

  • figo’s RTS Change Log shows you the recent developments regarding changes of the RTS
  • Listen to our figo’s PSD2 Podcast and stay on top of the game with your PSD2 related knowledge


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Find out more about figo and the team behind it here.

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Excursus – Open Letter to EU decision makers on PSD2 RTS

figo's open letter to EU decision makers on PSD2 RTS

Dear Commission Members,

dear MEPs and

dear Members of the European Council,

Dealing with all pros and cons of the debate on the EBA’s Regulatory Technical Standards (RTS) under PSD2 and especially with the “Screen Scraping” fronts must indeed be a challenge. As it comes with far more than the usual number of hurdles. That is, most importantly: regulating fast-evolving technology.  None of us involved can provide solid experience in that regard.   

This open letter is not about the usual pros and cons of this debate. Others have summarised them well. It rather intends to provide you with actual solutions, i.e. smart trade-off ideas that could mean an end to the everlasting “Screen Scraping Debate” and eventually the RTS process. From our point of view, every decision you make on this topic over the next weeks should be challenged by means of the following questions, in addition to PSD2’s general goals or first level regulation limits. (mehr …)

figo spricht PSD2 #7: Commission’s RTS fallback proposal: balanced or unfortunate?!

Let’s talk RTS – es wird technisch!

Der heutige ‚figo spricht PSD2‘ Podcast kümmert sich um die neuesten Entwicklungen der Regulatory Technical Standards (RTS) und der sogenannten ‚Fallback Lösung‘, die Banken bereitstellen müssen. Dieses Tor zum Konto soll dann aufgehen, wenn die Performance der ersten Schnittstelle zum Konto nicht funktioniert oder die Leistung nicht ausreicht. Die Episode wurde in Englisch aufgezeichnet.

In der heutigen 7. Episode von ‚figo talks PSD2‘ sprechen wir mit:

Foto of Joachim Penk, Chief Technology Officer @figo

Joachim Penk, Chief Technology Officer

Foto of Sebastian Tiesler, Chief Product Officer @figo

Sebastian Tiesler, Chief Product Officer







Foto of Cornelia Schwertner, Head of Regulation @figo

Cornelia Schwertner, Head of Regulation

Foto of Nadja Schlössel, Global Strategy and Brand @figo

Nadja Schlössel, Global Strategy and Brand








Wir sprechen über:

  • Einleitung und aktueller Status der RTS
  • Begriffserklärungen, die oft durcheinander geraten oder missverstanden werden
  • Das ‚Fallback Proposal‘ – was ist das?
  • Was bedeutet das ‚Fallback Proposal‘ für die XS2A-Strategie einer Bank?
  • Was ist der technische Bedarf, wenn die Bank ein „dediziertes Interface“ bereitstellt?
  • Wie könnte ein PSD2 compliant „direct access“ aussehen?
  • Was sind die Vorteile einer gut funktionierenden API?
  • … viel Spaß beim Zuhören!

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Enough with tactics and lobbying on PSD2 – back to the basic ideas, please!

Approaching the PSD2 finish line, the fronts harden

If you are a payment and banking nerd monitoring the press at the moment, you might think the world is ending or at the very least companies and consumers are in imminent danger. Just Monday morning I heard a comment on the German radio on the topic of PSD2 and in my daily newspaper, I saw German Banking Association boss Michael Kemmer. (mehr …)