Smart Open Banking

[Romanian] Podcast Series about innovation through open banking releases the sixth episode regarding Smart Accounts - the first Account Information Service developed and authorised in Romania by the National Bank. Find out more about this product, its addressability, technical details, benefits, use-cases, challenges from this insightful discussion with Gabriela Gheorghe (Manager Tech Experience), Daniela Popa (Product Owner, Smart Accounts) and Gheorghe (Gicu) Busuioc (Solution Architect, Smart Accounts).

Some highlights: Account Information Services (AIS) grant access to a customer's financial data, aggregated from all user's bank accounts (with explicit consent) to an authorised Third Party Provider (TPP), in a secure way. Smart Accounts is a Romanian AIS, offering full automation, top-security of financial data and full local support for partners. 

The Revised Payment Services Directive, known as PSD2, opens the financial sector to other authorised players as well (apart from the banks and their traditional services), known as Third Party Providers (TPPs).

By using these services, platforms using financial data will practically have unlimited possibilities to innovate, for example with financial management and predictions, deep selling, scoring or profiling, savings&investments opportunities, etc.

[Romanian] Podcast Series about innovation through open banking releases the fifth episode regarding AIS - Account Information Services. Find out more about these open banking related services, usability, addressability, use-cases, and future trends from this insightful discussion with Bogdana Breban (PM & Scrum Master), Gabriela Guta (Business Analyst) and Marin Chitan (Product owner Smart Accounts).

Some highlights: Account Information Services (AIS) grant access to a customer's financial data, aggregated from all user's bank accounts (with explicit consent) to an authorised Third Party Provider (TPP), in a secure way.

The Revised Payment Services Directive, known as PSD2, opens the financial sector to other authorised players as well (apart from the banks and their traditional services), known as Third Party Providers (TPPs).

By using these services, financial platforms will practically have unlimited possibilities to innovate, for example with financial management and predictions, deep selling, scoring or profiling, savings&investments opportunities, etc.

[Romanian] Podcast Series about innovation through open banking releases the forth episode regarding GAIN - the Global Assured Identity Network. In September 2021, during the European Identity and Cloud hybrid Conference in Münich, and a day prior to the International Digital Identity Day (IID), a work-group of more than 150 identity experts launched a new global initiative called GAIN. Global Assured Identity Network (GAIN) is now in a blueprint phase for a proof of concept, yet many financial services players (especially banks!) showed interest in the initiative. Find out more about this ambitious project from Andrei Dumitru (one of the co-authors) and Daniel Coman (Digital Identity Expert), in this discussion moderated by Ana Maria Georgescu (co-founder Smart Fintech). 

Some highlights: GAIN is build as an network of business entities that follow proven identity standards and can be held accountable for their cyber-actions, all in the benefit of end customers targeting safer transactions and interactions.

[Romanian] Podcast Series about innovation through open banking releases the third episode regarding Smart Pay - the first Payment Initiation Service through open banking licensed by the National Bank of Romania, that can be used both as an alternative to any online payment, and as a payment accelerator (it can be integrated in any app that manages financial resources). Find out more about the product, its development, use-cases and addressability in this insightful discussion with Ana Maria Georgescu and Andrei Dumitru, both co-founders Smart Fintech.

Some highlights: SmartPay was created in compliance with the Revised Payment Services Directive, known as PSD2, that opens the financial sector to other authorised players as well (apart from the banks and their traditional services), known as Third Party Providers (TPPs).

By using SmartPay, each user can initiate a payment from an owned Romanian bank account, providing that he/she owns a bank account that can be accessed electronically for one of the integrated Romanian banks: BRD, BCR, Banca Transilvania, ING Bank, CEC, Raiffeisen. SmartPay is developed as a plug&play app, and it could easily be integrated in any platform, to offer your clients access to a rapid payment initiation or simply an alternative online payment method.

[Romanian] Podcast Series about innovation through open banking releases the second episode regarding the process of authorisation of a third party provider (TPP) by the regulatory authority - in our case, the National Bank of Romania (NBR). Find out more about the extensive process, about the first Romanian TPP authorised in our country by the NBR and about the SmartPay solution as an alternative to online payments, in this insightful discussion with Mihaela Georgescu and Alex Cociu, both co-founders Smart Fintech.

[Romanian] Podcast Series Smart Open Banking releases the first episode on open banking driven innovation and changes, with a focus on Strong Customer Authentication, and all the announced changes in online payments and transactions starting 2021, in EEA. Find out more about the subject in this insightful discussion with Cristian Barbu (Managing Partner IT Smart Systems) and Mihaela Georgescu (Co-Founder Smart Fintech).