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PSD2 and Open Banking

de Vries, Fernand Anders Philippe LU (2019) INFM10 20191
Department of Informatics
Abstract (Swedish)
Digital platforms is an innovation made possible by the adoption of computers and internet. Companies like Google and Facebook grew in relatively short time to the most valuable or-ganisations on the stock market. The success of these companies is partially possible by their characteristics of being a digital platforms. One of the success factors is the use open APIs, which makes that other parties are attracted to the digital platform. In the last decade it shows that traditional industries get disrupted by adopting digital platforms. Uber is an example that changed the taxi and transportation industry. In the summer of 2019 the bank-ing sector is on the brink of being disrupted by the phenomenon of digital platforms. Euro-pean banks are... (More)
Digital platforms is an innovation made possible by the adoption of computers and internet. Companies like Google and Facebook grew in relatively short time to the most valuable or-ganisations on the stock market. The success of these companies is partially possible by their characteristics of being a digital platforms. One of the success factors is the use open APIs, which makes that other parties are attracted to the digital platform. In the last decade it shows that traditional industries get disrupted by adopting digital platforms. Uber is an example that changed the taxi and transportation industry. In the summer of 2019 the bank-ing sector is on the brink of being disrupted by the phenomenon of digital platforms. Euro-pean banks are forced by the PSD2 legislation to start opening APIs to third parties. This can be seen as the first step towards digital platforms in the banking sector. Banks can chose for different strategies to react to these disruptive developments. This thesis is about how banks can adapt to and profit from the phenomenon of open APIs and digital platforms in the bank-ing sector. (Less)
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author
de Vries, Fernand Anders Philippe LU
supervisor
organization
alternative title
Open APIs in the banking sector
course
INFM10 20191
year
type
H1 - Master's Degree (One Year)
subject
keywords
PSD2, open APIs, Open Banking, banking, DOI theory, innovation in banking
report number
INF19-060
language
English
id
8992893
date added to LUP
2019-08-28 10:35:58
date last changed
2019-08-28 10:35:58
@misc{8992893,
  abstract     = {{Digital platforms is an innovation made possible by the adoption of computers and internet. Companies like Google and Facebook grew in relatively short time to the most valuable or-ganisations on the stock market. The success of these companies is partially possible by their characteristics of being a digital platforms. One of the success factors is the use open APIs, which makes that other parties are attracted to the digital platform. In the last decade it shows that traditional industries get disrupted by adopting digital platforms. Uber is an example that changed the taxi and transportation industry. In the summer of 2019 the bank-ing sector is on the brink of being disrupted by the phenomenon of digital platforms. Euro-pean banks are forced by the PSD2 legislation to start opening APIs to third parties. This can be seen as the first step towards digital platforms in the banking sector. Banks can chose for different strategies to react to these disruptive developments. This thesis is about how banks can adapt to and profit from the phenomenon of open APIs and digital platforms in the bank-ing sector.}},
  author       = {{de Vries, Fernand Anders Philippe}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{PSD2 and Open Banking}},
  year         = {{2019}},
}