Interview with Adrian Năstase, Sales Manager, Banking Business Unit, ASSECO SEE Romania
“With the entry into force of the Payment services (PSD 2) Directive, the traditional banking will change”

2018 seems the year when the retail banking will start to transform quickly after the entry into force of the Payment services (PSD 2) Directive. Basically, the banks will lose the control of the information in regard with the customers’ accounts, and the payment services will take a different shift. So, it opens the door to those who take the decision to take from the bank parts from the “side of LEIs”.
How can massive, unexpected competition be prevented?

It is difficult to estimate this, but certainly the dynamics will intensify considerably in this area. We expect new global players to emerge, but at the same time it can be an opportunity for existing banks to develop and aggregate different functionalities, potentially generating potential gains.

PSD2 will virtually allow retail and corporate customers of banks to use third-party services to manage their finances. It will not be impossible, in the future, to be able to pay the bills through Facebook or Google, to make P2P transfers and to benefit from personal spending analysis while keeping money safely in bank accounts.
Third parties will be able to provide financial services using banks’ data and infrastructure.
How should such credit threats be viewed by credit institutions?

If you are curious to find out more, come to meet the Asseco team at their booth in the Expo Area and you get the chance to win a PS4 PRO! All you have to do is answer 3 questions and to leave us your contact details.

After selecting the winner, he/she will be announced to get the prize at the closing of the DevTalks event.