Payment Services get closer to the client€¦ · Getting Started Innovation goes far beyond R&D...
Transcript of Payment Services get closer to the client€¦ · Getting Started Innovation goes far beyond R&D...
Payment Services get closer to the client
Credit Suisse (Switzerland) AGProduct Management Payments Martin WalderAugust 24, 2018
Public
Getting StartedInnovation goes far beyond R&D (OECD Definition)
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Innovation goes far beyond the confines of research labs to users, suppliers and consumers everywhere –in government, business and non-profit organisations, across borders, across sectors, and across institutions
The Oslo Manual for measuring
innovation defines four types of
innovation: product innovation, process innovation, marketing innovation and organisational innovation
� Product innovation: A good or service that is new or significantly improved. This includes significant improvements in technical specifications, components and materials, software in the product, user friendliness or other functional characteristics.
� Process innovation: A new or significantly improved
production or delivery method. This includes significant changes in techniques, equipment and/or software.
� Marketing innovation: A new marketing method involving significant changes in product design or packaging, product placement, product promotion or pricing.
� Organisational innovation: A new organisationalmethod in business practices, workplace organisation or external relations.
https://www.oecd.org/site/innovationstrategy/defininginnovation.htm / Data: Oslo Manual, Third Edition” prepared by the Working Party of National Experts on Scientific and Technology Indicators, OECD, Paris, para. 146.
A PaymentCapture – Process - Execute
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MT 940camt.052/53/54
e-DocumentsPrint
SWIFTSEPA (EBA)SIC Interbank
…
A PaymentIt is not Simple
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Client Behavior
Regulation
Shareholder
A PaymentGet closer to the client
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Connect & IntegrateGet closer to the client
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� PSD2 valid as of Jan 13, 2018
� Obligation for open interface for payment initiation and account information as of
Sept 2019
� Order with obligation
of open banking and account opening standards
� UK-wide API
standards
� Many other imitativesworldwide
� ISO is working on a
global standard
– Segregated not coordinated
actions lacking critical mass
� Big players need to implement
PSD2 for hosted EU locations
� Bank individual API cases lacking IT budget because of missing consent management
� Swisscom already announced
will for open API implementation
� Swiss Finance startup demanding open API implementation
� Hypo Lenzburg already API implementation live
� Swiss Fintech Innovation defining Standards for open API implementation
Connect & IntegrateAPI Starting position
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1
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� Active demand of ERP-providers for SME
� 3rd part providers (TPP) start to organize themselves to lobby for open banking
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Connect & IntegrateCorporate API – the Swiss approach (1/2)
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Corporate API as Hub � Services and usecases are standardized
� Range of offering as new USP
� Resources for offering widely spread within the bank
� Front up investment needed while first services will not be profitable
� Chance of sales uplift as well as risk of loosing revenues to disruptive players
� Chance of reusability of front up investment by using a hub against limitations
� Much movement within the market, no clear trend visibleBank A resources
Client
Bank B resources
Hub
Software
Bank B connectionBank A connection
APIs
Consent
Credit Suisse
� Read, validate and store TPP repository� Ensure proper functionality of APIs for a
defined set of use cases (Payment and Account Information)
� Provide 2nd and 3rd Level Support� Validate TPP, confirm rules for revoking/
service restriction� Use current e-Fraud detection setup for
transactions� Ensure valid testing and release
management
SIX
� Certification, onboarding and management of TPP and banks
� Manage TPP repository � Running 3rd party portal� Routing and management of transaction
flow between TPP and Credit Suisse� Provide 1st and 2nd Level Support to
TPP and Credit Suisse� Monitor, report API’s calls� Provide functional specifications for each
release, organize and drive test activities between TPP and CS
TPP
� Certification by SIX� Send order to SIX � Submit initiation of a single payment by
Credit Suisse � Get list of authorized accounts� Get basis account information of an
authorized account� Get balances for a specific account� Get transaction information for a given
account� Ensure valid testing and release
management
Connect & IntegrateCorporate API – the Swiss approach (2/2)
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Credit Suisse
� Account Access� Payment instruction submission
Other
� Account Access� Payment instruction submission
ERP/
Accounting
Platforms SIX
Corporate
API Platform
APIs/Legal
Framework
APIs/Legal
Framework
APIs/Legal
Framework
Connect & IntegrateThere are many more ways
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ERP/
Accounting
Platform
Separate Certificates (e.g. EBICS VEU) for one client
Client
ERP/
Accounting
Platform
Corporate API: Starting Use Cases
ERP/
Accounting
Platform
Corporate Seal (e.g. EBICS, SWIFT for corporates)
Client
ERP/
Accounting
Platform
Separate Seal (e.g. EBICS ) for several clients
Client
Client
ERP/
Accounting
Platform
Corporate API: Potential Use Case
IoT …
Connect & IntegrateAdapted technology (1/2)
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Payment Initiation Account Information
JSON
A Level
B Level
C Level 1
C Level 2
C Level 3
B Level
C Level 4
C Level 5
Call 1 Call 2 Call 3 Call 4 Call 5 Pos 1
Pos 2
Pos 3
Pos 4
A Level
B Level
D Level 1
D Level 2
D Level 3
C Level
C Level
JSONPAIN.001 SBS PAIN.053 SBS
Connect & IntegrateAdapted technology (2/2)
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Payment Initiation
JSONPAIN.001 SBS
Payment Initiation
A L
evel
B L
evel
C L
evel
1
Cal
l 1
A PaymentGet closer to the client
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Trace & TrackIntroduction of SWIFT gpi
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Trace & TrackIntroduction of SWIFT gpi
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Trace & TrackChallenges
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Trace & TrackChallenges
Trace & TrackIntegration Potential
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Link to tracker
User Story:– client wants to provide the UETR of a recent1) payment to the recipient.
UETR:
121:eb6305c9-1f7f-49de-aed0-16487c27b42d
Trace & TrackIntegration Potential
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User Story:– client wants to provide the UETR of a recent1) payment to the recipient.
UETR:
121:eb6305c9-1f7f-49de-aed0-16487c27b42d
A PaymentGet closer to the client
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Q & ALet’s discuss or …
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