On March 28, the “APIs in the Fintech World” event will take place at the BBVA Open Space in Madrid (Spain). The address is Plaza de Santa Bárbara 2. This was reported by the bank from its website.
“APIs in the Fintech world”, aims to be an event focused on solving the doubts of developers and users of the APIs in open banking after the deployment of PSD2, a European regulation in digital payment services. This system facilitates payments across Europe with greater security in addition to offering a banking service adapted to new technologies. With it, it becomes clear once again the importance that the world of “APIs” or “Application Program Interface” is acquiring in different financial sectors.
About the initiative
The initiative is aimed at those who are developing APIs or want to know more about PSD2, as well as those who have concerns about how companies are preparing for this scenario.
The topics that will be discussed
In this event, which will discuss how the APIs are being built in the Fintech world, Ana Isabel Climente Alarcón, responsible for Consulting and Digital Transformation Solutions for BBVA Companies, will participate among other speakers. It will address the talk entitled “PSD2: The (r) evolution of the financial sector”.
On the other hand, Ernesto Arroyo and Benito Mendez (Eurobits) will talk about how Apis has been designed to prepare for PSD2.
Rafael Casado (Finect) will refer to the role of the APIS in social and investment.
David Marin (CloudAppi) will discuss how IBM Api Connect can help companies in the Fintech world to “Apificarse”.
A question space is also planned so that attendees can evacuate doubts after the talks.
Details about PSD2
As explained on the BBVA website, the new regulation entails fundamental changes in the industry by giving third parties access to the banks’ infrastructure.
“BBVA is one of the first financial institutions that is opening its platform and core services through the ‘Open APIs’ with BBVA API_Market.This way, the bank aims to be the best partner for the fintech to create disruptive models and develop a new line of business”, they said.
It all started in 2007, with the first Payment Services Directive (PSD), with the aim of creating a single payment market in the European Union, and thus encourage innovation, competition and efficiency in community territory.
In fact, PSD2 will allow consumers and merchants to benefit from the internal market, mainly in terms of electronic commerce. The purpose of the Directive is to contribute to the development of the electronic payment market within the European Union. But in 2013, the European Commission proposed a revision (hence the ‘2’ of the PSD2), which sought to delve into these objectives. It seeks, among other things, to level the playing field between countries and between payment service providers, thereby reinforcing the position of the consumer, who benefits from greater competition. It also aims to normalize new payment methods, such as those made online or through a mobile device.