Insights

​Open Banking - PSD2

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Enhance consumer relevant features to your service offering

Consumers are asking for a fresh breed of services in all walks of life, financial services included. And while the start-ups and alike have been introducing them over the past years, Open banking offers Banks and financial institutions a perfect opportunity to enhance their service offering – by introducing new service features addressing the consumer, but also via combining third party providers service offering into the more traditional banking services.

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Monetize new opportunities

Open Banking introduces banks and financial institutions a perfect opportunity to introduce new services and uptake new business models that enhance current or create new revenue streams. The vast amount of data available secures that more tailored rates and fees can be introduced. It also provides an opportunity to introduce and easily distribute new credit and loan products in different payment scenarios. In addition to enhancing profitability of your own offering, Open Banking gives the opportunity to introduce new business models by partnering up.

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Holistic credit line and liquidity management concept

In the credit and loans shift from the current product based offering can be expected. While today credit and loan issuers are in a position to have 1-2 credit/loan products for their customers – Nets CMS introduces a model for a more holistic credit line approach. Rather than issuing a card or a loan, the customer liquidity could be managed as credit line, distributed over different products. This way the issuer would be able to have a holistic position on customer credit and loan needs, and could price the products differently according to relevance.

​Insights

Perspectives by Nets

In business, change is the only constant. Sign up to get perspectives, insights and analyses on emerging technologies and trends shaping the complex digital payment industry.
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Check out our latest eBook on Payments: Card vs Mobile vs IoT

Key questions for banks developing a card, mobile and IoT payments infrastructure strategy.

Top 10 tips to a successful CMS implementation

Here we have gathered the key elements that need to be secured while initiating the project, during the execution and after the project.
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The bank of the future will be at consumers fingertips

Increasingly selective and demanding, consumers will in future expect their bank to offer a whole new set of services compared to today. Meeting consumers where they are – on their smartphones – will be the key to success for banks.
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White paper: PSD2 Consumer Solution for payment players adopting PSD2 as a step towards open banking services & revenue streams

This white paper describes challenges and strategies of banks, merchants and other financial institutions who serve consumers within the PSD2 payment ecosystem.
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Consumer Management Services with Nets

Our tailored CMS solution manages all of your Debit, Credit & Sales Finance accounts.
Download the Nets CMS brochure here >>

​News and press releases

Check out all our latest news and press releases here

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Nets and OpenWay Collaborate on Monetization of PSD2 and Open Banking

Nets and OpenWay Group have published a white paper for stakeholders seeking to monetize from PSD2 and open banking.
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